Damage - Insurance Industry Brief

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 Insurer Insured Insurance

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 Insurer Insured 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 …

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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 …

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Damage Property Insurance Insurer Insured

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 …

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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 …

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Damage Agents Policyholder Insurance Agents

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 …

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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 (..)

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Hurricane Helene Halts Poultry Plants, Damages Pecan Trees

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 …

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Damage Insurer Insured Insurance

Vandal’s Rampage at Car Dealer Causes Damage to 75 Vehicles

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 …

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Damage Claim

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 …

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Damage Claim Building Business Interruption

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 …

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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

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

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

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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.

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Deductible Damage Property Insurance Insurer

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

Damage Predictions Mount as Helene Strengthens: Atlanta in Its Path

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

Damage Claim Insurer Insured

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 …

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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

Driver Dies in Crash Off Hurricane-Damaged North Carolina Highway

Insurance Journal

NOVEMBER 15, 2024

A driver has died after going around a barricade and driving off the edge of a hurricane-damaged North Carolina highway that became a symbol of Hurricane Helene’s destruction. Photos of Interstate 40 with multiple lanes washed out by Helene near …

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 …

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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 …

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Damage Property Damage Claim Insurer

What Damages Are Covered by a CGL Policy?

Central Insurance

DECEMBER 12, 2024

Learn what damages a CGL policy covers, common exclusions, and how tailored endorsements protect contractors and builders. The post What Damages Are Covered by a CGL Policy? appeared first on Central Insurance Blog.

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Damage Policy Protection Insurer

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 …

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Damage Workers Compensation Compensation Commercial

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 …

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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 …

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Damage Theft

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

22 States Sue Over New York Fund to Pay for Climate Change Damage

Insurance Journal

FEBRUARY 10, 2025

Twenty-two states sued New York on Thursday, contending that a new law forcing a small group of major energy producers to pay $75 billion into a fund to cover climate change damage is unconstitutional. The lawsuit, filed in Albany, lists …

Damage

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

State Farm Wins Worn-Out Plumbing Case: Ensuing Water Damage Not Covered Under State Farm’s Language

Property Insurance Coverage Law

DECEMBER 1, 2024

This post gives State Farm a three-day winning hat trick following State Farm Wins Alabama Worn Out Roof Damage Case: Lesson About Hail Damage Cases, … The post State Farm Wins Worn-Out Plumbing Case: Ensuing Water Damage Not Covered Under State Farm’s Language appeared first on Property Insurance Coverage Law Blog.

Damage

Damage Property Insurance Insurer Insured

Scientists Racing to Discover Depth of Ocean Damage From LA Wildfires

Insurance Journal

FEBRUARY 18, 2025

On a recent Sunday, Tracy Quinn drove down the Pacific Coast Highway to assess damage wrought upon the coastline by the Palisades Fire. The water line was darkened by ash. Burnt remnants of washing machines and dryers and metal appliances …

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Damage Insurer Insurance Insured

Milton’s Surprise Was the Damage Unleashed by Powerful Winds

Insurance Journal

OCTOBER 11, 2024

Storm Weakened But Still Brought 120-mph Winds to St. Petersburg Area Hurricane Milton’s devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to assess …

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Damage Claim

Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says

Insurance Journal

NOVEMBER 6, 2024

Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200 people in the country’s eastern region of Valencia. Spain will earmark as much as €10.6 billion ($11.5 billion) for its …

Damage

Damage Risk

Want to Win a Hailstorm Damage Lawsuit? Hire The Right Experts and Establish a Theory of Loss Before Filing a Lawsuit

Property Insurance Coverage Law

JANUARY 7, 2025

Insurance companies denying hail damage claims are repeat players in the litigation arena. This post will provide more insight and lessons as a grand finale to Policyholders and Public Adjusters Often Need to Hire Their Own Experts, and Policyholders and Public Adjusters … The post Want to Win a Hailstorm Damage Lawsuit?

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Damage Policyholder Property Insurance Insurance Companies

Louisiana Contractor Charged for Allegedly Damaging Homeowners’ Roof

Insurance Journal

OCTOBER 10, 2024

On an early August morning, a roofing contractor arrived at a Lafayette, Louisiana couple’s house and requested permission to inspect the home’s roof. The roofer’s arrival wasn’t unexpected. The couple, who go by Jordan and Sarah, had been approached days …

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Damage Insurer Insured Insurance

Far From Milton’s Eye, Tornadoes Wrought Unexpected Damage

Insurance Journal

OCTOBER 15, 2024

WELLINGTON, Fla. (AP) AP) — Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn’t worried about Hurricane Milton. The storm’s center was forecast to make landfall on the opposite side …

Damage

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

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

Trending Sources

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

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

Hurricane Helene Halts Poultry Plants, Damages Pecan Trees

Vandal’s Rampage at Car Dealer Causes Damage to 75 Vehicles

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

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

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

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

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

Tornado Damage During Hurricanes: Navigating the Deductible Dilemma

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

Damage Predictions Mount as Helene Strengthens: Atlanta in Its Path

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

Driver Dies in Crash Off Hurricane-Damaged North Carolina Highway

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

What Damages Are Covered by a CGL Policy?

Head of Kentucky Plant Says Company Will Cover Damages After Blast

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

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

What to Expect after a California Wildfire Property Damage Event

22 States Sue Over New York Fund to Pay for Climate Change Damage

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

State Farm Wins Worn-Out Plumbing Case: Ensuing Water Damage Not Covered Under State Farm’s Language

Scientists Racing to Discover Depth of Ocean Damage From LA Wildfires

Milton’s Surprise Was the Damage Unleashed by Powerful Winds

Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says

Want to Win a Hailstorm Damage Lawsuit? Hire The Right Experts and Establish a Theory of Loss Before Filing a Lawsuit

Louisiana Contractor Charged for Allegedly Damaging Homeowners’ Roof

Far From Milton’s Eye, Tornadoes Wrought Unexpected Damage

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