After the darkest nights, the sun rises again. For the past three mornings, business owners woke up to shattered glass, ransacked stores, and stolen property. Some even saw their businesses destroyed by fire.
As nation-wide rioting continues in the US following the death of unarmed George Floyd in police custody in Minneapolis, comparisons with previous civil disorders in the country suggests it could be a relatively meaningful man-made loss for the re/insurance industry.
Tropical Storm Cristobal, the third named storm of the 2020 Atlantic hurricane season, formed over the southwestern Gulf of Mexico Tuesday afternoon. The newly-formed Cristobal continued unleashing torrential rainfall across portions of Mexico and central America on Tuesday, threatening serious flooding and mudslides.
Farmers Insurance is facing a class action lawsuit filed in Los Angeles Superior Court over a business interruption claim the company denied on the same day it was filed.
The Michigan Legislature passed no-fault auto insurance laws in 1973, and like a T-Rex guarding its bone, has been holding on to this dysfunctional approach to auto insurance ever since. Instead of running away completely from the problem and joining states which have enjoyed lower auto insurance premiums after abandoning the failed no-fault experiment, Michigan has historically doubled down on their system and made it even more difficult for seriously injured accident victims to receive necessary catastrophic injury coverage.
We’re entering a flood season where one-third of Americans are expected to experience flood events, after which we’re forecast to see above-average hurricane activity.
Michigan drivers are getting a break on auto insurance due to “extreme reductions in driving” during the coronavirus pandemic, state officials announced Monday, June 1.
Scottsdale police said "millions of dollars in damages and theft" occurred in a late-night spasm of violence and looting at Scottsdale Fashion Square and surrounding businesses. The department said 12 people were arrested and booked into jail.
Fire crews are gaining control of the Ocotillo Fire that is burning in Cave Creek and grew to more than 900 acres. Some of the evacuations orders for the Ocotillo Fire have been lifted.
Residents and business owners in cities across the United States swept up broken glass, took stock of looted goods and surveyed the damage on Monday after a sixth straight night of violent protests over racial inequities and excessive police force.
Insurance companies would go broke paying all the business-interruption and workers’ compensation claims they could face because of coronavirus and the resulting shutdowns, according to A.M. Best, the insurance ratings agency.
Insurance companies have issued some of the loudest calls for climate action, and they rely on hard data to make their assessments. But a new report from Media Matters for America finds that major insurers are top sponsors of Fox News’ coverage of highly misleading pandemic coverage, using tactics it honed through years of climate denial.
Missouri homeowners insurance rates have been climbing at a faster rate than most other US states over the last ten years due to the severe weather affecting the region. A new analysis has measured the growth in rates Missourians are paying as 7th fastest in the country.
