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 278

Damage Property Damage 278

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 276

Damage 276

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 290

Damage Agents Policyholder Insurance Agents 290

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 289

Damage Compensation 289

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 289

Property Damage Damage Insurance Policy Policy 289

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

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 262

Damage Policyholder 262

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 306

Insurance Companies Damage Claim Property Insurance 306

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 262

Damage Crime 262

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 262

Damage Insured Insurance Insurer 262

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 261

Damage Claim 261

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 264

Damage Insured Insurance Insurer 264

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 263

Damage 263

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 264

Deductible Damage Property Insurance Insurance 264

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 273

Damage Liability 273

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 278

Damage 278

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 264

Damage 264

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 264

Damage Claim Insured Insurance 264

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 227

Damage Claim Insurer Insured 227

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 278

Damage Risk Property Insurance Insured 278

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 259

Damage 259

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 276

Damage 276

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 245

Damage 245

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 264

Damage General Liability Liability 264

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 261

Building Damage 261

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 235

Damage Theft 235

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 278

Damage Property Damage Claim Insurer 278

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 264

Damage 264

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 259

Damage 259

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 230

Damage Property Insurance Insured Insurance 230

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 264

Damage Insurer Insured Insurance 264

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 246

Damage Workers Compensation Compensation Commercial 246

Property Insurance Coverage Law

NOVEMBER 30, 2024

Yesterday’s article, State Farm Wins Alabama Worn Out Roof Damage Case: Lesson About Hail Damage Cases, Expert Testimony, and Investigation Standards, deserves a follow-up about a recent Texas federal court ruling regarding Texas hail damage to roof cases.

Damage 189

Damage Property Insurance Claim Insured 189

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 214

Damage 214

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 246

Damage Premium Insurer Insured 246

Property Insurance Coverage Law

DECEMBER 7, 2024

The Mississippi Supreme Court has affirmed a $10 million punitive damages award against USAA for its bad faith handling of a Hurricane Katrina claim, sending a clear message about insurers’ obligations to their policyholders.1

Damage 188

Damage Claim Policyholder Property Insurance 188

Property Insurance Coverage Law

DECEMBER 17, 2024

The Importance of Proving Damages for Partial Losses appeared first on Property Insurance Coverage Law Blog. A recent builders risk insurance dispute out of Tennessee 1 involving collapse caught my attention because of the opening facts recited by the court: How many fallen bricks does a collapse make?

Damage 183

Damage Property Insurance Risk Insurer 183