Insurance Journal

SEPTEMBER 1, 2024

trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, the 2024 CoreLogic Wildfire Risk Report shows. More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 The western …

Risk 234

Risk Damage 234

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 278

Damage Claim Protection Liability Insurance 278

Insurance Journal

JULY 19, 2024

A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to return to its last port of call to assess the damage. Iran-aligned Houthis launched ballistic missiles and drones towards the …

Damage 264

Damage Risk Marine Insurer 264

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 260

Crime Damage Protection Liability Insurance 260

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 245

Damage Protection Liability Insurance Risk 245

Property Insurance Coverage Law

DECEMBER 31, 2024

These studies are among the first to investigate air quality within smoke and ash-damaged homes and assess the health effects on occupants. … The post The Hidden Health Risks in Fire-Surviving Structures appeared first on Property Insurance Coverage Law Blog.

Risk 189

Risk Property Insurance Damage Insurer 189

Insurance Journal

JANUARY 22, 2025

Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. Among natural disasters, wildfires are the great unknown. It’s a major problem for homeowners, insurers and investors, as …

Risk 260

Risk Insurer Insurance Insured 260

Property Insurance Coverage Law

DECEMBER 17, 2024

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? The Importance of Proving Damages for Partial Losses appeared first on Property Insurance Coverage Law Blog.

Damage 189

Damage Property Insurance Risk Insurer 189

Insurance Journal

AUGUST 26, 2024

California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco study. “Our results suggest …

Risk 264

Risk Insurer Insurance Insured 264

Tosten Marketing

FEBRUARY 27, 2025

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. Commercial property insurance water damage coverage is a complex topic with many nuances. What Water Damage Does Commercial Property Insurance Cover?

Commercial Property 52

Commercial Property Property Insurance Damage Commercial 52

Insurance Journal

JANUARY 14, 2025

Hot, dry winds are pummeling Los Angeles and surrounding areas of Southern California, raising wildfire risks through at least Wednesday as the region reels from blazes that have killed at least 24 people and burned neighborhoods to the ground. Tropical-storm-strength …

Risk 264

Risk Damage Insurer Insured 264

Insurance Journal

JULY 11, 2024

Authorities in Western states warned of the rising risk of wildfires as hot conditions and low humidity dry out the landscape amid a protracted heat wave that is expected to bake much of the U.S. again Thursday. California’s top fire …

Risk 263

Risk Property Insurance Damage Insurer 263

Property Insurance Coverage Law

APRIL 16, 2025

When businesses think about protecting themselves from risk, they often focus on property damage, natural disasters, or customer lawsuits. However, one of the most damaging and often overlooked threats comes from within: employee theft.

Property Damage 100

Property Damage Theft Claim Damage 100

Insurance Journal

AUGUST 13, 2024

Ten of the top 15 metropolitan areas for wildfire risk concentration are in California, while more than 2.6 trillion are at moderate to very high risk of wildfire … million homes across 14 states with a total reconstruction cost of $1.3

Risk 264

Risk Damage Insurer Insured 264

Insurance Journal

FEBRUARY 28, 2025

A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed a slate of legislation aimed at mitigating the risks and damage of future blazes. Three Republicans state Sen. Kevin …

Risk 173

Risk Damage 173

Insurance Journal

SEPTEMBER 19, 2024

Mosaic Insurance, the Bermuda-based specialty insurer, has launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk. The new product offers coverage for physical loss or damage …

Damage 290

Damage Risk Insurer Insurance 290

Insurance Journal

OCTOBER 6, 2024

The ongoing threat of more frequent and damaging extreme weather is making it increasingly difficult for homeowners to secure affordable insurance, highlighting a … It is likely that you have read recent headlines sounding the alarm over a potentially uninsurable future.

Protection 220

Protection Risk Damage Insurer 220

Insurance Journal

SEPTEMBER 24, 2024

The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Rising damages from extreme weather don’t seem to be a regulatory problem, but rather a cost problem, …

Damage 278

Damage Insurer Insurance Insured 278

Insurance Journal

OCTOBER 25, 2024

Alcohol-fueled company events could become a thing of the past, as UK employers consider new rules that place an onus on firms to protect workers from sexual harassment or risk hefty damages claims. Under a new law, companies will have …

Damage 264

Damage Claim Protection Risk 264

Insurance Journal

NOVEMBER 13, 2024

As with computer models that help predict risk from hurricane winds, insurers now have more than one model to use when gauging flood damage in storm-soaked Florida. The Florida Commission on Hurricane Loss Projection Methodology this month accepted three flood …

Damage 264

Damage Risk Insurer Insurance 264

Insurance Journal

MARCH 18, 2025

As Oklahomans assessed the devastation from wildfires that whipped across the state, damaging or destroying hundreds of homes, officials in both Oklahoma and Texas warned of an increased risk of fire danger in the coming week. “We’re going to be …

Damage 231

Damage Risk 231

The Property Insurance Law Observer

SEPTEMBER 23, 2024

American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]

Damage 130

Damage Business Interruption Property Damage Policy 130

Insurance Journal

JANUARY 27, 2025

Southern California will clock a few more tense hours as showers continue to soak the burn-scarred landscape around Los Angeles. While the rains are helping fight wildfires that have killed at least 28 and destroyed more than 16,000 structures, they’re …

Risk 263

Risk Damage Insurer Insured 263

Insurance Journal

AUGUST 29, 2024

The European Union’s mission in the Red Sea said on Wednesday there was no oil spill in the waters near the Greek-flagged tanker hit by a fiery Houthi militant attack off Yemen’s coast. The mission, called Aspides, added that the …

Damage 278

Damage Protection Liability Insurance Risk 278

Insurance Journal

APRIL 2, 2025

Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region. There’s a rare high risk for damaging winds and long-lasting powerful …

Damage 183

Damage Risk 183

TGS

MARCH 17, 2025

So, lets break it down: what exactly is liability only auto insurance, and what risks are you signing up for if you roll with it? Liability only auto insurance steps in to cover the damage youve done to the other guys car or their medical bills if theyre hurt. What About Other Kinds of Damage? Pretty straightforward, right?

Auto Insurance 59

Auto Insurance Liability Risk Out-Of-Pocket 59

Insurance Journal

FEBRUARY 10, 2025

A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday, citing the telecommunications provider PJSC Rostelecom. Restoration work is underway and the incident has had no impact on subscribers so …

Damage 135

Damage Protection Liability Insurance Risk 135

Central Insurance

FEBRUARY 24, 2025

The consequences can ripple far beyond a single shipment when cargo is lost, damaged, or delayed. Without proper coverage, businesses risk financial loss, reputational damage, and loss of key contracts, which can all be detrimental. The transportation industry runs on reliability.

Protection 208

Protection Policy Financial Loss Damage 208

Insurance Journal

MARCH 25, 2025

As Los Angeles-area residents recover from one of the costliest natural disasters in U.S. history, California’s insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That’s raising the prospect that state residents …

Risk 232

Risk Insurer Insurance Insured 232

Insurance Journal

OCTOBER 28, 2024

Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting commercial real estate returns, valuations, and transactions, a new report shows. The Urban Land Institute and real estate investment management …

Risk 263

Risk Property Insurance Commercial Insurer 263

Insurance Journal

JANUARY 2, 2025

(THE CONVERSATION) On Dec. 30, 2021, a wind-driven wildfire raced through two communities just outside Boulder, Colorado. In the span of about eight hours, more than 1,000 homes and businesses burned. The fire left entire blocks in ash, but among …

Risk 297

Risk Damage Insurer Insured 297

Insurance Journal

OCTOBER 2, 2024

The total acres burned in California this year surpassed 1 million as spiking temperatures this week added to the challenges facing firefighters struggling to contain a stubborn blaze in the mountains northeast of Los Angeles that flared up over the …

Risk 289

Risk Damage Insurer Insured 289

Insurance Journal

JANUARY 15, 2025

A cyberattack that paralyzed hospitals and clinics in London last year resulted in harm to dozens of patients, leading to long-term or permanent damage to their health in at least two cases, according to data obtained by Bloomberg News. In …

Damage 278

Damage Cyber Risk 278

Insurance Journal

MARCH 23, 2025

Parts of Hawaii are sinking faster than others, according to a recent study led by researchers at the University of Hawaii at Mnoa, highlighting the flood risk to infrastructure, businesses and communities in low-lying areas especially in certain urban areas …

Risk 130

Risk Damage Insurer Insured 130

Insurance Journal

FEBRUARY 12, 2025

The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage. Tuesday’s proposed class action …

Damage 181

Damage Risk 181

Insurance Marine News

JANUARY 23, 2025

Join Us The post Yemens port infrastructure badly damaged in recent attacks appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Damage 105

Damage Marine Insurer Insurance 105

Boyle Agency Insurance

APRIL 4, 2025

Imagine a scenario where a contractor accidentally damages your property or a worker gets injured while working on your home. It ensures that the contractor is financially equipped to handle damages or injuries that may occur on-site. Risks of Hiring Uninsured Contractors Hiring uninsured contractors exposes you to significant risks.

Property Damage 61

Property Damage Injury Damage Liability 61