Insurance adjustor credits solid evacuation plan for saving the treasures in Notre Dame

Insurance adjustor - Notre Dame Cathedral, France

Experts estimate that 90 percent of the priceless artworks and relics from the cathedral were saved. A leading insurance adjuster Michel Honore has issued high praise to the Notre Dame cathedral evacuation plan and those who carried it out. He stated that it was because of this process and the cool-headedness of those who executed the contingency plan that about 90 percent of the cathedral’s relics, artwork and other treasures were saved. Despite the widespread damage from the heartbreaking fire in the 12th century cathedral, much was saved. Honore is…

Read More

Notre Dame fire insurance is non-existent, but donations for repairs are high

Notre Dame Fire - Notre Dame Cathedral

The French State owned cathedral was self-insured as there isn’t coverage available for priceless artwork and structures. The devastating and heartbreaking Notre Dame fire was watched from around the world. Thoughts and prayers poured in to Paris expressing sympathy for the loss of so much of the historical and religious structure. At the same time, many were asking who would have to foot the bill to have it rebuilt. The cathedral was 856 years old at the time of the Notre Dame fire. It was irreplaceable unto itself but also…

Read More

Uber liabilities means the rideshare company “depends heavily” on insurance coverage

Uber liabilities - Uber app

The firm is on its way to its initial public offering and would not have reached this place without policies. Uber liabilities are widespread due to the very nature and size of the company. As it comes closer to its initial public offering (I.P.O.), many are recognizing that insurance coverage was integral to its success. The rideshare company is seeking to raise $10 billion along the way to its initial public offering. Uber Technologies Inc. openly acknowledges that it wouldn’t have been possible for it to reach this point without…

Read More

Peace of Mind: 6 Benefits of Construction Risk Insurance

Construction risk management

If you didn’t have a clue on risk management, it’s time you know about it. It’s a core leadership approach that safeguards your success from any potential threats and, ensures they’re dealt with before they derail your business. However, if you have problems managing your business or projects, you can always construct risk insurance to help you with management. Below are six benefits of building risk insurance. 1. It Enables You Spot Projects in Trouble Risk management enables you to see beyond the expectations. You can identify where more attention…

Read More

Renewable energy industry insurance claims are growing

Renewable Energy Industry Insurance Claims - Lightbulb on Grass

Both the severity and the frequency of these claims are rising in the American renewable energy market. Renewable energy industry insurance claims are on the rise, both in terms of severity and frequency, said an insurer specializing in this market, GCube Insurance. The figures have seen a considerable increase over the last half decade, which means that asset owners and insurers alike will need to alter their risk benchmark. The insurance company linked the change in claims frequency and with very specific causes. According to GCube Insurance, the renewable energy…

Read More

Marijuana insurance market is still an area of hesitation for insurers

Marijuana insurance market - cannabis plant

Some insurance providers remain cautious to enter the cannabis insurance market. The marijuana insurance market is growing quickly, but insurers themselves remain cautious. States are increasingly legalizing cannabis products, but there are risks involve that may keep some providers from taking part, said a new A.M. Best report. There are many barriers and risks making insurance companies hesitant to enter the market. Among the leading barriers to entry into the marijuana insurance market is the federal government. The reason is that while individual states are commonly legalizing the drug, the…

Read More

California wine country flooding leaves thousands of homes and businesses damaged

California wine country flooding - Vineyard at Sunset

The floodwaters have turned two communities in Northern California into temporary islands. California wine country flooding is the worst the region has seen since 1995 when the Napa river reached record peak levels. The rain in Northern California has turned two wine country communities into temporary islands. At the moment, they can be reached only by boat. Thousands of homes and businesses are flooded as rivers across the region crest their banks. The Russian River crested at over 46 feet last week and the water did not recede until later…

Read More