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Daily NewsFlash : May 21, 2013

Daily NewsFlash
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Tuesday, May 21, 2013

Massive Tornado Roars through Oklahoma City Suburb

Oklahoma tornadoEven for a city toughened by disaster, Moore has never seen this kind of devastation.

A massive, howling tornado pulverized a vast swath of the Oklahoma City suburbs Monday, chewing up homes and businesses, and severely damaging a hospital and two elementary schools.

The storm carved a trail t...

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Data Review: No Insurance Payouts for Quarter of Sandy Claims, High Deductibles, Coverage Limits Nixed Many Claims

Sandy claimsWhile the insurance industry likes to note that the vast majority of Hurricane Sandy claims are now closed, a Star-Ledger review of state data shows that nearly one out of every four of those claims resulted in no payment to a policyholder.

Six months out from the Oct. 29 storm, the indust...

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Workers Suing Employers at Record High

Employee lawsuitsU.S. workers are filing a record number of federal lawsuits against employers alleging violations of wage and hour laws, such as not being paid overtime and being misclas...

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Texas Behind the Curve on Regulating Fertilizer Plants

Texas fertilizer explosionIf the West Fertilizer Co. plant had been in Illinois, state regulators there likely would have inspected it annually, making sure that its bins storing tons of ammonium nitrate were still in good shape and that the potentially explosive chemical wasn't spilling out. Though not charged wi...

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UN: Private Sector Cooperation Can Lead to Disaster Risk Reduction

disaster reduction costsPrivate sector investments could play a major role in disaster risk reduction worldwide, as damage from natural disasters cost almost 190 billion dollars each year, according to a new United Nations report released Wednesday.

The Global Assessment Report on Disaster Risk Reduc...

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Ironshore Selects Certus for Claims Handing Administration Services

IronshoreCertus Claims Administration LLC (Certus), a national third party administrator, has been selected by Ironshore Insurance Services LLC (Ironshore) to serve as its claims administrator for their Construction Casualty Program.

The Certus team is comprised of senior level construction, casualty and property exam...

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