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 255

Damage 255

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 244

Damage Liability 244

Insurance Journal

SEPTEMBER 15, 2024

Looking back at my Insurance Journal columns over the past 5 years, I found that I wrote at least one column a year about water damage claims. So, before this year runs out, I guess it’s time for another, especially …

Damage 180

Damage Claim Insurer Insured 180

Property Insurance Coverage Law

SEPTEMBER 16, 2024

A federal judge ruled last week that policyholders eventually have to “put up or shut up” when it comes to proving that certain interior damages caused by a storm must be the result of damage to the exterior of a building, allowing water to damage the interior of a building.

Damage 175

Damage Claim Policyholder Property Insurance 175

Insurance Journal

SEPTEMBER 30, 2024

Hurricane Helene has halted chicken processing plant operations and caused severe damage to some flocks, while also downing pecan trees and flattening cotton crops, as floodwaters swamped the southern US. Wayne-Sanderson Farms said its Moultrie, Georgia, processing facility will not …

Damage 241

Damage Insurance Insured Insurer 241

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 271

Damage Property Damage 271

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 285

Damage Agents Policyholder Insurance Agent 285

Insurance Journal

SEPTEMBER 24, 2024

A Maine man damaged 75 vehicles at an automobile dealership, smashing windows and denting hoods of vehicles before he was arrested, police said. The 25-year-old man from Auburn was charged with aggravated criminal mischief early Sunday, police said. They did …

Damage 238

Damage Claim 238

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 312

Property Damage Liability Commercial Damage 312

Insurance Journal

SEPTEMBER 16, 2024

million in damages. BISMARCK, N.D. (AP) AP) — A Canadian man has pleaded guilty to federal crimes for shootings at electrical substations and an oil pipeline in the Dakotas that caused $1.7 Cameron Monte Smith pleaded guilty Wednesday in U.S. District …

Damage 242

Damage Crime 242

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 275

Damage Property Insurance Insurance Insured 275

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 244

Deductible Damage Property Insurance Insurer 244

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 280

Damage Compensation 280

Insurance Journal

SEPTEMBER 26, 2024

As Hurricane Helene gains strength in the unusually warm waters of the northern Gulf of Mexico, forecasters, claims adjusting firms and analytics experts are warning that the storm could be more damaging than other recent storms that hit the same …

Damage 251

Damage Claim Insurer Insurance 251

Insurance Journal

JULY 24, 2024

A class action lawsuit is being brought on behalf of more than 350,000 policyholders against the California FAIR Plan over smoke damage coverage. Dylan Schaffer, an attorney representing the plaintiffs, told SiliconValley.com the idea behind the suit is to force …

Damage 244

Damage Policyholder 244

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 278

Property Damage Damage Insurance Policy Policy 278

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 280

Damage 280

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 275

Damage 275

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 302

Insurance Companies Damage Claim Property Insurance 302

Insurance Journal

AUGUST 13, 2024

Neighbors described feeling and hearing the early morning blast that damaged a number of surrounding houses … Two people were killed and 12 families displaced after a Maryland house exploded Sunday amid reports of a possible gas leak, fire officials said.

Damage 256

Damage 256

Insurance Journal

JULY 17, 2024

DES MOINES, Iowa (AP) — Record flooding and powerful tornadoes ravaged parts of Iowa for weeks this spring, destroying or damaging thousands of homes, closing roads and bridges and costing over $130 million in infrastructure damage, officials said Thursday. The …

Damage 250

Damage 250

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 299

Damage 299

Insurance Journal

AUGUST 19, 2024

states are seeking treble damages against Live Nation Entertainment and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across the live concert industry in an updated version of a lawsuit originally filed in … Attorneys general from about two dozen U.S.

Damage 254

Damage General Liability Liability 254

Property Insurance Coverage Law

SEPTEMBER 26, 2024

Consequential damages play a significant role in both contract law and insurance claims, but they operate under different frameworks and have distinct implications depending on the context. Consequential damages in contract law are indirect, foreseeable losses that result from a breach of contract.

Damage 100

Damage Property Insurance Insurance Claim Claim 100

Insurance Journal

AUGUST 7, 2024

A small tornado took Buffalo by surprise Monday, damaging buildings, flipping cars and sending debris swirling over downtown. A spiraling column was caught on multiple videos shortly before 1 p.m. One video showed the cell appearing to move from Lake …

Building 237

Building Damage 237

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 270

Damage Property Damage Claim Insurance 270

Central Insurance

SEPTEMBER 13, 2024

Here's how to address hail damage on the roof of your home or business. The post Addressing Hail Damage: What You Need to Know appeared first on Central Insurance Blog.

Damage 130

Damage Insurer Insured Insurance 130

Insurance Journal

JULY 31, 2024

million in overtime back wages and liquidated damages to 6,000 current and former workers in nursing, rehabilitation and assisted living facilities. In one of the nation’s largest wage recovery judgments, a Pennsylvania federal court has awarded $35.8 The workers were …

Damage 258

Damage 258

Insurance Journal

JULY 31, 2024

New Jersey property owners do not need to show that their home is damaged or decayed in order to qualify for a flood hazard permit to replace it, a state appeals court has ruled. The court upheld the state Department …

Damage 256

Damage 256

Insurance Journal

JULY 12, 2024

Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35,000 households in the city of Cape Town, Executive Mayor Geordin Hill-Lewis said. “We’ve got more than 35,000 families in the city who have …

Damage 231

Damage 231

Insurance Journal

AUGUST 4, 2024

Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report. Those are several of the recommendations by a task force that studied ways to …

Damage 240

Damage Premium Insurance Insurer 240

Insurance Journal

JULY 11, 2024

posing greater risks to homeowners and mortgage lenders—and since flood damage tends to lower the market value of affected homes, it’s more likely that homeowners … Climate change is expected to increase the frequency and severity of floods in the U.S.,

Damage 267

Damage Risk Property Insurance Insurance 267

Insurance Journal

NOVEMBER 7, 2024

Department of Labor has obtained a consent judgment requiring a Wyncote, Pennsylvania, home health care agency and its owner, Dominique Conner, to pay 196 direct care employees a total of $810,320 in back wages and liquidated damages for …

Damage 130

Damage 130

Insurance Journal

NOVEMBER 12, 2024

Department of Labor (DOL) has recovered a total of $310,193 in back wages and liquidated damages from a Bedford, New Hampshire, landscaper and contractor who underpaid 60 employees. The fund recovery comes following an investigation by the DOL’s …

Damage 130

Damage 130

Property Insurance Coverage Law

OCTOBER 14, 2024

Following Hurricanes Helene and Milton, many Florida and southeast residents are left grappling with flood damage – some for the second or third time in recent years.

Damage 191

Damage Claim Policyholder Property Insurance 191

Insurance Journal

SEPTEMBER 11, 2024

CHICAGO (AP) — A federal jury has awarded $50 million in damages to a suburban Chicago man who was exonerated in a murder and released from prison in 2018 after spending about 10 years behind bars. Monday’s unanimous jury verdict …

Damage 147

Damage 147

Insurance Journal

JULY 11, 2024

billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. Insurers in the United States may take a hit of about $2.7 million customers remained without power in Texas on …

Damage 256

Damage Insurance Insurer Insured 256