Damage - Insurance Industry Brief

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

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

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

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 Insured Insurer

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 Insurer Insurance Insured

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

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 Insured 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

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

Plumbing Water Damage Claims Revisited

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

Damage Claim Insurer Insurance

Interior Damage Claims and the Exterior Damage Requirement—Where’s the Proof?

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

Damage Claim Policyholder Property Insurance

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 …

Damage

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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 …

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Damage Agents Policyholder Insurance Agent

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 …

Damage

Damage Claim

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

Man Admits Shootings That Damaged Electrical Substations in the Dakotas

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 …

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Damage Crime

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 Insured

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

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

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 Insurance

California Homeowners Sue FAIR Plan Over Smoke Damage Coverage

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 …

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Damage Policyholder

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

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

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

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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House Explosion in Maryland Kills 2 and Damages Nearby Homes

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

Record Flooding and Tornadoes This Spring In Iowa Caused $130M in Damage

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

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

US State AGs Seek Treble Damages Against Live Nation for Concertgoers

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

Damage General Liability Liability

What Are Consequential Damages?

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

Damage Property Insurance Insurance Claim Claim

Small Tornado Briefly Swept Into Buffalo, Damaging Buildings, Scattering Tree Limbs

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

Building Damage

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 Insurer

Addressing Hail Damage: What You Need to Know

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

Damage Insurer Insurance Insured

Nursing Home Operator Must Pay $38.5 Million in Back Wages and Damages

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

Permit to Rebuild in Flood Zone Allowed Even If Home Is Not Damaged

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

South Africa Storms in Western Cape Cause Damage to 35,000 Homes

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

Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance

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

Damage Premium Insurance Insured

CBO Says Mortgage Subsidy Cost from Flood Damage to Hit $395M by 2053

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

Damage Risk Property Insurance Insurance

Pennsylvania Home Health Care Agency Ordered to Pay $810K in Back Wages, Damages

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

New Hampshire Landscaper Required to Pay Employees $310K in Wages, Liquidated Damages

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

Navigating Hurricane Helene and Milton NFIP Claims: Documenting Repairs and Understanding Prior Damage Requirements

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

Damage Claim Policyholder Property Insurance

Chicago Man Awarded $50M in Damages After Wrongful Murder Conviction

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

Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC

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

Damage Insured Insurance Insurer

Driver Dies in Crash Off Hurricane-Damaged North Carolina Highway

Jury Awards Baltimore $266 Million in Damages After Opioid Trial

Trending Sources

Head of Kentucky Plant Says Company Will Cover Damages After Blast

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

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

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

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

Taiwan Reopens, Clearing Up Damage After Typhoon Krathon

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

Plumbing Water Damage Claims Revisited

Interior Damage Claims and the Exterior Damage Requirement—Where’s the Proof?

Hurricane Helene Halts Poultry Plants, Damages Pecan Trees

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

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

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

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Man Admits Shootings That Damaged Electrical Substations in the Dakotas

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

Tornado Damage During Hurricanes: Navigating the Deductible Dilemma

HP to Continue $4 Billion Damages Case Against Mike Lynch

Damage Predictions Mount as Helene Strengthens: Atlanta in Its Path

California Homeowners Sue FAIR Plan Over Smoke Damage Coverage

North Dakota Commissioner Urges Property Damage Assessment After Flash Floods

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

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

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

House Explosion in Maryland Kills 2 and Damages Nearby Homes

Record Flooding and Tornadoes This Spring In Iowa Caused $130M in Damage

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

US State AGs Seek Treble Damages Against Live Nation for Concertgoers

What Are Consequential Damages?

Small Tornado Briefly Swept Into Buffalo, Damaging Buildings, Scattering Tree Limbs

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

Addressing Hail Damage: What You Need to Know

Nursing Home Operator Must Pay $38.5 Million in Back Wages and Damages

Permit to Rebuild in Flood Zone Allowed Even If Home Is Not Damaged

South Africa Storms in Western Cape Cause Damage to 35,000 Homes

Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance

CBO Says Mortgage Subsidy Cost from Flood Damage to Hit $395M by 2053

Pennsylvania Home Health Care Agency Ordered to Pay $810K in Back Wages, Damages

New Hampshire Landscaper Required to Pay Employees $310K in Wages, Liquidated Damages

Navigating Hurricane Helene and Milton NFIP Claims: Documenting Repairs and Understanding Prior Damage Requirements

Chicago Man Awarded $50M in Damages After Wrongful Murder Conviction

Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC

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