Endless insurance claims pour in as people try to repair hail-damaged houses and cars in Cleveland, Tennessee. Ice violently dropped from the sky Tuesday night.
It’s official: For insurers, “digital technology destroys value.” At least, that’s the assertion in a new McKinsey report, “Time for insurance companies to face digital reality.”
Congress appears to be taking steps to block health insurers from pooling loss data - and the industry fears this could open a Pandora’s Box that would lead to a broader removal of the privilege for all insurers in the future.
Insurance-industry officials remained adamant Tuesday that a proposal to eliminate a decades-old tax credit will cost jobs and hike premiums as the measure moved forward in the Senate with a significant change.
More than 50 victims and survivors of the June 2016 massacre at a Florida nightclub sued the gunman’s employer and widow on Wednesday, blaming them for failing to prevent the deadliest mass shooting in modern U.S. history.
A New Windsor man pleaded guilty Tuesday to attempted arson and insurance fraud in a 2016 fire at a Town of Newburgh eatery he leased. Khaled Baroud, 61, admitted in Orange County Court to attempted arson in the March 13, 2016 fire that damaged USA Waffle, a waffle and bagel store at 440 South Plank Road.
At least 15 homes have been damaged or destroyed in a fire that started Wednesday with a burning of paperback books and rapidly grew into a nearly 400-acre wildfire in the Bryceville area of Nassau County, according to officials.
The state is considering dropping out of the nationwide program in favor of establishing its own. California flood insurance found itself in the spotlight last month when the Oroville Dam threatened to fail.
Cleanup efforts are underway, thousands are without power and some schools are pushing back start times after deadly storms ripped through North Georgia overnight. About 33,250 of the 174,000 Georgia Power customers affected by Tuesday’s damaging winds, lightning, hail and heavy downpours are without power.
The family of a Freehold woman who was killed in 2014 when her car was struck by a tractor trailer being driven by a man under the influence of methadone and Xanax has received a $5 million settlement.
A contractor in Salem was killed Tuesday afternoon when he came in contact with a live wire and was electrocuted. Around 3 p.m. the 59-year-old man was painting window sills on the side of a firehouse in a metal lift when the accident happened.
No one was hurt after part of an apartment building collapsed in South Boston overnight. People in about ten different units on O Street were evacuated around 2 a.m. when part of a load bearing wall suddenly collapsed into the basement.
A proposal by the Trump administration to cut $190 million in funding for updating U.S. maps of flood-prone areas would trigger higher insurance rates or more homebuilding in risky locations, a consumer group said on Monday.
Maine’s state fire marshal says a man burned down his parents’ house and killed three pets while trying to exterminate ants in his basement with matches.
