Residents of U.S. towns damaged by wildfires may need to prepare for another repercussion: insurers that decide to cancel policies because of increased risks from more frequent fires.
Property owners and insurers have filed a lawsuit against Nevada officials over a “prescribed burn” event that led to an uncontrollable fire that caused over $80 million in property damage.
Placer County Sheriff’s deputies arrested a Placerville man earlier this year for stalking and threatening three employees of Liberty Mutual Insurance Company. Last week, a judge sentenced 37-year-old Lloyd Dylan Jones to 10 years in state prison.
The prospect of a hurricane tearing up the East Coast through Long Island and Connecticut, hitting Cape Cod and heading up to Maine “is an event that keeps insurance people awake at night,” according to Robert DeSaulniers, a flood insurance specialist for the Federal Emergency Management Agency’s northeast region.
The CEO of a San Francisco real estate company and four others died when a private plane he was piloting crashed into a a Southern California parking lot, according to the Orange County coroner.
A federal judge on Thursday rejected a lawsuit by the developer of New York’s World Trade Center seeking to take a $14 million cut of a settlement between its insurer and airlines over the Sept. 11, 2001, attacks.
Hurricane Hector regained strength in the eastern Pacific late on Sunday and swelled into a Category 4 storm again with sustained 140 mph winds as it stayed on target to possibly hit Hawaii by midweek, officials said.
Montana’s high court ruled that a Liberty Mutual Insurance Co. unit that covered an injured employee’s carpal tunnel syndrome when it was first diagnosed is also liable for coverage when the injury later worsened, even though it was no longer the company’s insurer.
If you’re driving a 2015-2017 Ram 1500, 2500 or 3500 pickup truck, make sure any precious cargo is carefully secured in the bed. That’s because Ram is recalling 1.1 million of those trucks over concerns the tailgate could unexpectedly open.
Blockchain and smart contracts have enabled the development of new approaches in the insurance industry, as they begin to replace outdated business models (with excessive paperwork, communication problems, multiple data operating systems and duplication of processes and the inability of syndicates to mine their data).
Before the dust even settles from a storm the night before, roofers are out canvassing neighborhoods looking to detect damage—or should we say looking to make damage?
Insurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage.
The Jefferson County Sheriff’s Office is warning people about leaving their cars unlocked after several incidents, including one caught on video, in which bears have gotten into vehicles.
