It remains one of the most difficult issues to deal within the world of property insurance. Homeowners’ insurance policies usually contain a provision obligating the carrier to repair or replace an insured’s damaged property with “material of like kind and quality” or with “similar material.”

Ford has issued three recalls covering more than 1.4 million vehicles in North America.

The image of tough guys hijacking truckloads of goods is a familiar one to fans of gangster movies. While trucks are the victims of most cargo thefts globally—75% of them, according to one report—these incidents increasingly do not involve the theft of the entire tractor-trailer.

Nearly 15,000 trucks manufactured by Paccar, Daimler and Autocar are being recalled for various defects, according to recent documents from the National Highway Traffic Safety Administration.

In unanimous fashion, a Cobb County jury awarded the Jenkins family millions of dollars on Tuesday during a civil trial in state court.

The number of uninsured children in the United States has increased for the first time in nearly a decade, placing it at 3.9 million in 2017, according to a report Thursday from Georgetown University’s Center for Children and Families.

Atrium Health, previously Carolinas HealthCare System, said on Tuesday data of about 2.65 million patients including addresses, dates of birth and social security numbers may have been compromised in a breach at its third-party provider AccuDoc Solutions.

Tuesday’s midterm Election Day is filled with fascinating races coast to coast — from the Florida gubernatorial contest to the Texas Senate race, with control of Congress hanging in the balance. Not as many people are paying attention to the expected turnover among state insurance commissioners.

Georgia Insurance Commissioner Ralph Hudgens announced Wednesday afternoon that reported insured losses tied to Hurricane Michael have hit $696 million.

Claims activity from Hurricane Michael, which came ashore Oct. 10 as a Category 4 storm, is in full swing almost two weeks later, industry sources said.

U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.

Lucrative crops that account for about $2 billion of the Georgia economy were completely destroyed as a result of Hurricane Michael, Southern Living reports.
According to the Georgia Department of Agriculture, 5 percent of pecan crops, 15 percent of cotton crops, 30 percent of vegetables, and 50 percent of peanuts had already been harvested.

Mexico Beach, Florida, is not just destroyed. For the most part, it’s not there anymore.
From a helicopter, you can see many of the homes and hotels that populated this beachside town of about 1,200 are gone. A few houses and other structures remain standing, but they’re the exceptions.

Much of the damage to homes from Hurricane Michael will be paid by an array of small, little-known insurers, backed up by larger reinsurance companies around the globe.
Florida is an oddball insurance market for homeowners, where household-name companies like State Farm and Allstate Corp. don’t have the outsize roles they do in other states.

Hurricane Michael’s torrential rain, storm surge, and hurricane-force maximum sustained winds that reached 140 miles per hour Wednesday could result in a historically devastating event for the northeastern Gulf Coast, according to A.M. Best.