Damage - Insurance Industry Brief

Sweden Probe Finds No Conclusive Evidence of Deliberate Damage to Subsea Cables

Insurance Journal

APRIL 16, 2025

A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage two Baltic Sea cables, Sweden’s Accident Investigation Authority said on Tuesday, though a separate investigation remains under way. The Yi …

Damage

Damage Risk Marine Insurance

What to Expect after a California Wildfire Property Damage Event

Property Insurance Coverage Law

FEBRUARY 11, 2025

The devastation from a California wildfire property damage event can leave individuals struggling to rebuild their … The post What to Expect after a California Wildfire Property Damage Event appeared first on Property Insurance Coverage Law Blog.

Property Damage

Property Damage Damage Property Insurance Claim

Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Property Insurance Coverage Law

FEBRUARY 3, 2025

We have battled insurance companies, co-counseled on cases, and discussed property insurance case law at a depth most … The post Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim appeared first on Property Insurance Coverage Law Blog.

Damage

Damage Claim Property Insurance Policyholder

Residential Property Damage Lawyers Beware: Court Excludes Expert’s Estimate Finding an Estimate Is Not an Adjustment

Property Insurance Coverage Law

FEBRUARY 15, 2025

Hurricane claims attorneys know that the estimate of damages caused by a storm is the foundation of every favorable judgment and jury verdict.

Property Damage

Property Damage Damage Property Insurance Claim

Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

MARCH 20, 2025

Consequently, the plaintiff was not entitled to indemnity for damage to the property it purported to insure under a commercial property insurance policy. [1] During the policy term, the business claimed that the properties suffered damage caused by a hurricane and submitted a claim to the insurer.

Property Damage

Property Damage Damage Insurance Insurer

California FAIR Plan: Ignoring Laws and Gouging Californians on Smoke Damage Claims

Property Insurance Coverage Law

MARCH 20, 2025

This … The post California FAIR Plan: Ignoring Laws and Gouging Californians on Smoke Damage Claims appeared first on Property Insurance Coverage Law Blog.

Damage

Damage Claim Property Insurance Policy

State Farm Water Damage Protocols and Insurance Company Expert Witnesses

Property Insurance Coverage Law

MARCH 2, 2025

State Farm policyholders should be aware of its companys water damage claims processes, as noted in State Farms Water Protocol. These are some of … The post State Farm Water Damage Protocols and Insurance Company Expert Witnesses appeared first on Property Insurance Coverage Law Blog.

Insurance Companies

Insurance Companies Damage Policyholder Property Insurance

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Insurance Journal

AUGUST 15, 2024

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for the first time that “construction …

Property Damage

Property Damage Liability Commercial Damage

Francine Estimated to Cause $9B in Damage With $1.5B in Insured Losses

Insurance Journal

SEPTEMBER 12, 2024

A preliminary estimate shows total damage and economic loss from Hurricane Francine in the U.S. The storm effects are continuing to be felt, and some areas have yet to report complete information about damage, … is expected to be $9 billion.

Damage

Damage Insurance Insurer Insured

Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says

Insurance Journal

SEPTEMBER 19, 2024

The storm that swamped parts of the Carolinas this week wasn’t organized enough to be named but it still has caused $7 billion in damage, according to a preliminary estimate from AccuWeather. That was approaching the $9 billion in damage …

Damage

Damage Insurance Insurer Insured

Insurance Claims Confirm Many Israeli Structures Damaged in Iran Attack

Insurance Journal

OCTOBER 14, 2024

Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the costliest since the start of …

Damage

Damage Insurance Claim Claim Insurance

Agents Report Limited Damage But More Claims Expected As Floridians Return Home

Insurance Journal

OCTOBER 11, 2024

Insurance agents and carriers in the path of Hurricane Milton reported only minor damage to their own offices and homes but a rapidly growing number of claims from residential and commercial policyholders for roof, flood and auto damage. The Florida …

Damage

Damage Agents Claim Policyholder

An Estimated 290 Residences Damaged by Flooding From Lake Dammed by Alaska Glacier

Insurance Journal

AUGUST 14, 2024

Roughly 290 residences in Alaska’s capital city were damaged last week by flooding from a lake dammed by the Mendenhall Glacier, officials said. In addition to the homes and apartment and condo units, at least two businesses were damaged, Deputy …

Damage

Damage Property Insurance Insurance Insurer

Taiwan Reopens, Clearing Up Damage After Typhoon Krathon

Insurance Journal

OCTOBER 4, 2024

Southern Taiwan worked on Friday to clear up damage from flooding and high winds after Typhoon Krathon slammed into a major port city, while most of the rest of the island resumed work and financial markets re-opened. Krathon, now downgraded …

Damage

Vermont Suffered Millions in Damage From Last Week’s Flooding; Will Seek Federal Aid

Insurance Journal

AUGUST 4, 2024

The toll of damage from recent flooding in Vermont exceeds $6 million, and the state is asking the federal government for help, officials said. Vermont residents dealt with heavy flooding that damaged homes and infrastructure earlier this week and came …

Damage

Man Arrested for Damaging a Statue Outside a St. Louis Cathedral

Insurance Journal

SEPTEMBER 20, 2024

Louis’ Cathedral Basilica, badly damaging it, police said. LOUIS (AP) — A man used construction equipment to drop a heavy boom lift onto a sculpture that has stood for 25 years outside St. It wasn’t immediately clear whether the …

Damage

Damage Property Damage

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

Insurance Journal

OCTOBER 1, 2024

Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain on the picturesque community and …

Damage

Damage Agents Policyholder Insurance Agent

HP to Continue $4 Billion Damages Case Against Mike Lynch

Insurance Journal

SEPTEMBER 3, 2024

Hewlett Packard said Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch’s estate in the UK. company had been seeking compensation over its acquisition of British tech firm …

Damage

Damage Compensation

North Dakota Commissioner Urges Property Damage Assessment After Flash Floods

Insurance Journal

AUGUST 14, 2024

In the wake of flash flooding in the Bismarck-Mandan area, North Dakota Insurance Commissioner Jon Godfread is reminding residents to take immediate steps to assess and document any property damage and to review their insurance policies to understand what is …

Property Damage

Property Damage Damage Insurance Policy Policy

Damaging West Texas Earthquakes Likely Caused by Oil and Gas Activity: USGS

Insurance Journal

JULY 31, 2024

Damaging earthquakes that rocked West Texas in recent days were likely caused by oil and gas activity in an area that has weathered tremors for decades, according to the U.S. Geological Survey. A sequence that began in 2021 erupted with …

Damage

CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management

Property Insurance Coverage Law

SEPTEMBER 30, 2024

The investigative report featured testimony from whistleblowers who claim that insurance companies deliberately altered hurricane damage reports to underpay homeowners, leaving many Floridians struggling to rebuild their lives in the wake … The post CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage (..)

Insurance Companies

Insurance Companies Damage Claim Property Insurance

Maine Employers Face Possible Damages in Lost Wages Cases Under New Law

Insurance Journal

AUGUST 14, 2024

Maine workers will now benefit from a law that allows the state to order businesses to pay back wages as well as damages from missed wages. The law went into effect Friday and is the latest state-level effort among Democrat-controlled …

Damage

Damage Theft

North Carolina Calculates Helene Damage at $58B, Far More than Florence

Insurance Journal

OCTOBER 25, 2024

AP) — The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at least a record $53 billion in damages and recovery needs, Gov. RALEIGH, N.C. (AP) Roy Cooper’s administration said Wednesday. The state budget office …

Damage

Damage Insurance Insurer Insured

Lawsuit Seeks to Recover Damages for Dancers at Kansas Gentlemen’s Club

Insurance Journal

JANUARY 13, 2025

6, 2025, as part of its ongoing effort to recover wages and damages for 80 female entertainers of a Wichita gentlemen’s club that allegedly failed to pay full wages, … Department of Labor filed a federal lawsuit on Jan.

Damage

AccuWeather: Severe Storms in Central US Cause $80-90B in Damages, Economic Loss

Insurance Journal

APRIL 7, 2025

caused an estimated $80 billion to $90 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. A multiday severe weather outbreak in the central U.S. From April 2 to April 6, a rare weather system …

Damage

Jury Hands $5.2B Verdict Against Vegas Company in Bottled Water Liver Damage Suit

Insurance Journal

OCTOBER 27, 2024

billion award in the latest large-sum lawsuit against a former Las Vegas-based bottled water company that was found responsible for causing liver damage in customers before it was recalled from store shelves … A jury in Nevada has delivered a $5.2

Damage

Damage Liability

Tornado Damage During Hurricanes: Navigating the Deductible Dilemma

Property Insurance Coverage Law

OCTOBER 15, 2024

This year, a record-tying … The post Tornado Damage During Hurricanes: Navigating the Deductible Dilemma appeared first on Property Insurance Coverage Law Blog. He has written this post as an Independent Adjuster and not on behalf of the IAUA.

Deductible

Deductible Damage Property Insurance Insurer

Where Is the National Plan for Structural Resiliency? If there is to Be Available and Affordable Insurance, Then Property Has to Be More Resilient to Damage

Property Insurance Coverage Law

FEBRUARY 4, 2025

If there is to Be Available and Affordable Insurance, Then Property Has to Be More Resilient to Damage appeared first on Property Insurance Coverage Law Blog. Stakeholders within the insurance industry have rightfully been calling for more leadership … The post Where Is the National Plan for Structural Resiliency?

Damage

Damage Property Insurance Insurance Industry Building

Smoke Damage Claims

Property Insurance Coverage Law

MARCH 16, 2025

Public adjusters, policyholders, and attorneys keep asking me about the recent California smoke damage case where the court held that the smoke damage was not covered under the policy.I wrote about that decision in California Wildfire Attorneys Consider Impact of New Smoke Caselaw.

Damage

Damage Claim Policyholder Property Insurance

Flood Damage on Key Austrian Rail Link to Take Months to Repair

Insurance Journal

SEPTEMBER 24, 2024

Commuters and supply chains will need to adapt after record rainfall damaged tracks, tunnels … Austria’s national railways will need months to restore the country’s busiest train line after catastrophic floods wrecked infrastructure, throttling the capacity to move people and goods.

Damage

US Chamber, Oil Firms Sue Vermont for Making Companies Pay for Climate Damage

Insurance Journal

JANUARY 6, 2025

Chamber of Commerce and a top oil and gas industry trade group are suing Vermont over its new law requiring that fossil fuel companies pay a share of the damage caused over several decades by climate change. The …

Damage

New York to Fine Fossil Fuel Companies $75 Billion Over 25 Years for Climate Damage

Insurance Journal

DECEMBER 27, 2024

New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is …

Damage

Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage

Insurance Journal

JANUARY 3, 2025

Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea Estlink 2 …

Damage

Damage Claim Protection Liability Insurance

Jury Awards Baltimore $266 Million in Damages After Opioid Trial

Insurance Journal

NOVEMBER 14, 2024

A jury has awarded the city of Baltimore $266 million in damages in its suit against pharmaceutical firms McKesson and AmerisourceBergen for their part in the city’s opioid epidemic. With the jury award, the city has notched another win for …

Damage

Old Damage, New Claim: Davies Risk Head Notes Rise in ‘Soft Fraud’ in Southeast

Insurance Journal

DECEMBER 2, 2024

With multiple hurricanes rocking Florida and other parts of the Southeast this year, claims professionals have said they are seeing a trend toward “soft fraud,” with more policyholders attempting to include older or unrelated damage in recent storm claims, and …

Damage

Damage Claim Policyholder Risk

Insurers Say Honda and Local Dealer Should Pay for Damages Caused by Car Fire

Insurance Journal

SEPTEMBER 3, 2024

Three insurers that paid more than $1 million in auto and property damage claims to a New York couple and their homeowners association are attempting to recover the payments from the giant car maker and local dealership. The claims stemmed …

Damage

Damage Property Damage Claim Insurance

Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

JANUARY 27, 2025

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months. The Security Service said it’s conducting a preliminary investigation into the crime …

Crime

Crime Damage Protection Liability Insurance

Head of Kentucky Plant Says Company Will Cover Damages After Blast

Insurance Journal

NOVEMBER 17, 2024

AP) — The president of a Kentucky plant that exploded earlier this week said the company is accountable for the accident and will pay damages to residents affected by the blast. LOUISVILLE, Ky. (AP) “First and foremost, we are devastated by …

Damage

Damage Workers Compensation Compensation Commercial

Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim

Insurance Journal

JANUARY 22, 2025

million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms. A cannabis growing company has lost its bid to have its insurer cover $1.3 A federal …

Damage

Damage Claim Building Business Interruption

J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case

Insurance Journal

JANUARY 23, 2025

Johnson & Johnson is balking at paying $30 million in punitive damages on top of a $15 million jury award to a Connecticut man who developed cancer after using the company’s talcum powder for decades. The company has labeled the …

Damage

Chevron Ordered to Pay $744M for Damaging Louisiana Wetlands

Insurance Journal

APRIL 7, 2025

million to restore damage it caused to southeast Louisiana’s coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making. Oil company Chevron must pay $744.6 The case was the first of dozens …

Damage

Damage Liability

Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says

Insurance Journal

JANUARY 8, 2025

Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea has been found to have serious deficiencies and will not be allowed to operate until repairs have been made. Baltic …

Damage

Damage Protection Liability Insurance Risk

Jury Awards $452 Milliin in Damages For Insulin Patch Trade Secrets Theft

Insurance Journal

DECEMBER 8, 2024

Medical device maker Insulet convinced a jury that Korean rival EOFlow owes it $452 million in damages for stealing trade secrets related to insulin pumps, according to a verdict made public in Massachusetts federal court on Thursday. The jury in …

Damage

Damage Theft

New York Court Rules NRA Must Undertake Reforms, Former Execs Must Pay Damages

Insurance Journal

DECEMBER 13, 2024

million in damages plus interest. The National Rifle Association (NRA) must reform its operations to conform with New York’s not-for-profit law and two of its former executives must pay the NRA $6.35 That is the outcome of the latest battle …

Damage

Sweden Probe Finds No Conclusive Evidence of Deliberate Damage to Subsea Cables

What to Expect after a California Wildfire Property Damage Event

Trending Sources

Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Residential Property Damage Lawyers Beware: Court Excludes Expert’s Estimate Finding an Estimate Is Not an Adjustment

Lack of Insurable Interest Precludes Recovery for Property Damage

California FAIR Plan: Ignoring Laws and Gouging Californians on Smoke Damage Claims

State Farm Water Damage Protocols and Insurance Company Expert Witnesses

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Francine Estimated to Cause $9B in Damage With $1.5B in Insured Losses

Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says

Insurance Claims Confirm Many Israeli Structures Damaged in Iran Attack

Agents Report Limited Damage But More Claims Expected As Floridians Return Home

An Estimated 290 Residences Damaged by Flooding From Lake Dammed by Alaska Glacier

Taiwan Reopens, Clearing Up Damage After Typhoon Krathon

Vermont Suffered Millions in Damage From Last Week’s Flooding; Will Seek Federal Aid

Man Arrested for Damaging a Statue Outside a St. Louis Cathedral

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

HP to Continue $4 Billion Damages Case Against Mike Lynch

North Dakota Commissioner Urges Property Damage Assessment After Flash Floods

Damaging West Texas Earthquakes Likely Caused by Oil and Gas Activity: USGS

CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management

Maine Employers Face Possible Damages in Lost Wages Cases Under New Law

North Carolina Calculates Helene Damage at $58B, Far More than Florence

Lawsuit Seeks to Recover Damages for Dancers at Kansas Gentlemen’s Club

AccuWeather: Severe Storms in Central US Cause $80-90B in Damages, Economic Loss

Jury Hands $5.2B Verdict Against Vegas Company in Bottled Water Liver Damage Suit

Tornado Damage During Hurricanes: Navigating the Deductible Dilemma

Where Is the National Plan for Structural Resiliency? If there is to Be Available and Affordable Insurance, Then Property Has to Be More Resilient to Damage

Smoke Damage Claims

Flood Damage on Key Austrian Rail Link to Take Months to Repair

US Chamber, Oil Firms Sue Vermont for Making Companies Pay for Climate Damage

New York to Fine Fossil Fuel Companies $75 Billion Over 25 Years for Climate Damage

Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage

Jury Awards Baltimore $266 Million in Damages After Opioid Trial

Old Damage, New Claim: Davies Risk Head Notes Rise in ‘Soft Fraud’ in Southeast

Insurers Say Honda and Local Dealer Should Pay for Damages Caused by Car Fire

Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Head of Kentucky Plant Says Company Will Cover Damages After Blast

Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim

J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case

Chevron Ordered to Pay $744M for Damaging Louisiana Wetlands

Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says

Jury Awards $452 Milliin in Damages For Insulin Patch Trade Secrets Theft

New York Court Rules NRA Must Undertake Reforms, Former Execs Must Pay Damages

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