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.”
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.
Freezing rain and snow from Winter Storm Fisher has caused hundreds of accidents in the Southwest and Southern Plains, including a 21-vehicle pileup in Oklahoma and crashes that killed two in New Mexico.
Oklahoma Insurance Commissioner John Doak ends his eight-year term in approximately a month, and it was a period he hoped would be quiet. "Ive got 39 days left in office, and I was hoping to make it out without one more catastrophe," Doak said to a small group of officials gathered in a Cookson Fire Department briefing room.
Central Illinois residents on Monday continued assessing damage from rare December tornadoes, including a half-mile-wide one that injured at least 20 people.
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.
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.
Shiny new pickups are sitting on concrete blocks at the Patriot GMC Hyundai dealership while Bartlesville police investigate the theft of 76 wheels and tires taken from the vehicles at the business over the weekend.
Aon has launched the latest edition of its monthly Global Catastrophe Report for the month of May, which found that the US suffered considerable disaster-related losses despite a “quieter” start to the tornado season.
Heavy, quick rains have caused dangerous flooding across Oklahoma early Thursday. More than four inches of rain hit Oklahoma City in a hour to 90 minutes span, forcing multiple road closures and water rescues.
For the first time, the National Transportation Safety Board is recommending all new school buses be equipped with lap and shoulder seat belts, after the agency released findings from a special investigation report prompted by two deadly 2016 crashes.