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Avoiding Contractor Fraud After Disasters 

In 2023, the United States experienced 28 billion-dollar climate catastrophes, and 2024 is already seeing severe weather events. In the aftermath of these disasters, vulnerable homeowners often fall prey to fraudulent contractors.  Contractor Fraud Awareness Week  The National Insurance Crime Bureau (NICB) aims to combat this issue through its annual Contractor Fraud Awareness Week, observed […]

Maritime Risks on the Rise Despite Record Low in Lost Ships 

In 2023, the number of completely lost large shipping vessels reached a record low of just 26, as reported by Allianz Commercial. This marks a significant decline, with a 33% reduction in lost ships year-on-year and a 70% decrease over the past decade. Allianz classifies a large vessel as a ship exceeding 100 gross tons.  […]

Business interruption claims trends to watch as 2024 nears

Natural disasters continue to be the leading driver of business interruption claims, Allianz reports. Extreme weather events, fires and explosions, geopolitical risks, ransomware attacks and COVID-19 have all tested global supply chains in recent years. This is reflected in the results of the Allianz Risk Barometer, an annual survey, which asks businesses to nominate their top […]

Banks more hesitant to lend in areas with inaccurate flood maps

The federal maps are static and only periodically updated by the Federal Emergency Management Agency. Climate change poses many problems for society as a whole, and for commercial real estate (CRE). Properties can face flooding or wildfires or heavy damage from winds. A building can be cut off from everything else. All the time while increasingly cut off […]

10 Tips To Lower Your Homeowners Insurance

When purchasing a first home, people often are overwhelmed by unexpected costs. In addition to the mortgage, there are many other expenses to consider such as property taxes, homeowners association fees, repairs, and homeowners insurance. For homeowners insurance, however, there are some things you can do to reduce your premium. Whether you’re a new homebuyer […]

Managing Your Construction Risks for Better Outcomes, Higher Profits

Our deep construction industry experience working with general contractors, construction managers, subcontractors and specialty trade contractors throughout New England, combined with our market access and ability to negotiate the best insurance program structure and pricing, enables NorthStar Insurance Services to help our clients gain control over their total cost of risk. As your partner, we […]

Lyft and Uber fly to Hawaii to build their own captive insurers

Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft told potential investors in its initial public offering about its insurance unit, Pacific Valley Insurance Co. Hawaiian public […]

Safety tips for driving in the snow

The Northeast’s first snowfall of the season spawned school closures, dangerous driving conditions and hundreds of flight delays or cancelations. Heading into the coldest months of the year, prepare for more hazardous winter weather events with safety tips for driving in the snow, detailed in a top story below. In other winter-related news this week, […]

Occupational Medicine Provider

Why Partner with an Occupational Medicine Provider With a partner Lower costs The employee feels you care Fast service Better communication Less lost work time Stronger follow-up care Fewer OSHA recordable Easier Billing Without a partner Confusion Poor employee experience Billing issues Lose track of the employee Unnecessary recordables Higher costs Longer case duration Less […]

Australian wildfire claims top 6,000 at a cost of $300M as fires rage on

After months of continuous burns, Australia’s bushfire crisis took a turn for the worse over the holiday season as hot, dry conditions, strong winds and persistent drought fueled the flames of hundreds of fires throughout the continent. As of January 6, insurers have received 6,000 bushfire-related claims since September, valued to cost nearly $300 million USD ($431 million AUD). Reports estimate about 2,000 homes […]