costs News

Hailstorms Result in 50,000 Claim Filings in Colorado, Wyoming

Mother Nature wrecked havoc along the Front Range and southeastern Wyoming last week—again living up to the region’s weather reputation as “hail alley.” The Rocky Mountain Insurance Information Association estimates insured damage to cars and homes in Colorado from last …

Mississippi County Looks to Add Storm Sirens

Lowndes County is hoping to install 10-15 new storm sirens in a project that is expected to cost between $250,000 and $300,000. The county currently has 25 tornado sirens. The city of Columbus has another five. Cindy Lawrence, director of …

Average Long Term Care Liability Claim Rising: Aon Study

Long term care liability costs are rising because the average claim size is increasing even as claim frequency declines. There has been a four percent increase in the average claim size, according to research by Aon Risk Solutions in its …

Alabama City Facing Equipment Replacement Costs

Tuscaloosa officials say it will cost about $1.3 million to replace 47 vehicles and other pieces of equipment that were destroyed or damaged in the April 27 tornado. They say city taxpayers will be responsible for about $760,000, with the …