Taxpayers are paying more than ever for workplace injuries
Posted: October 22, 2018
Taxpayers are spending more than ever paying city employees injured on the job. Workers compensation-claim payouts totaled $25.7 million in 2017, a 10-year high, and a 109-percent increase from 2008, according to city Law Department data. Last year, 18,604 injured employees were paid worker’s comp, 20 percent more than in 2008, and the average payout — which typically includes medical costs and lost wages —...
Many homeowners skip flood insurance despite need, federal official says
Posted: October 19, 2018
ASHEVILLE — Hurricanes Florence and Michael won't bust the budget for the National Flood Insurance Program but they should remind people they might need flood insurance even if they don't own a beachfront home, the head of the program said here Wednesday. Florence left vast swaths of southeastern North Carolina underwater recently, but David Maurstad, chief executive of the NFIP, said in an interview the number of claims...
Avoid Homeowners Insurance Surprises.
Posted: October 11, 2018
You may be paying too much for not enough coverage With Hurricane Michael barreling down on the Florida Panhandle, homeowners there and in other parts of the U.S. may be wondering whether they've got enough homeowners insurance coverage. In CR's most recent survey of more than 85,000 members, most respondents told us they don't shop around regularly because they're satisfied with their carriers. Homeowners insurance is consistently among...
How Cyber insurance actually works
Posted: September 26, 2018
A couple of weeks ago El Reg carried an article by Mark Pesce about the likely evolution of Cyber Insurance. Reg reader and insurance industry veteran Tom Whipp agreed with most of his sentiments, but wasn’t so keen on his conclusions and demanded his stint on the Reg soapbox. So, take it away Tom. I’ve worked in security and risk for the last 15 years...
After Florence floods, the uninsured awaken to painful reality
Posted: September 19, 2018
HOPE MILLS, N.C. (Reuters) - Flood insurance was far from Stephanie Walker’s mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast. The next year, a creek at the end of her street swelled during Hurricane Matthew, sending several feet of water into her living room. Without flood insurance, the...
