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Most People In Sparta, North Carolina Uninsured For Earthquake Damages

Most People In Sparta, North Carolina Uninsured For Earthquake Damages

Sparta has less than 2,000 residents, but it’s been the talk of the east coast after a 5.1 magnitude earthquake shook the town and its surroundings on Sunday morning.
August 12, 2020 Property North Carolina

Fierce Derecho Tracks Across 700 Miles Of The Midwest

Fierce Derecho Tracks Across 700 Miles Of The Midwest

A derecho — a dangerous, ferocious wall of wind that’s like an inland hurricane — lashed 700 miles across the Midwest on Monday, flipping cars, downing trees, causing widespread property damage and knocking out power to hundreds of thousands.
August 12, 2020 Auto Property Illinois Indiana Iowa Michigan Nebraska

Property Damage, Looting In Chicago’s Magnificent Mile

Property Damage, Looting In Chicago’s Magnificent Mile

More than 100 people were arrested in Chicago after an overnight fit of violence that appears to have begun with police exchanging gunfire with a 20-year-old man, Police Superintendent David Brown said Monday.
August 10, 2020 Property Illinois

Gas Explosion Obliterates Three Baltimore Row Homes, Kills 1

Gas Explosion Obliterates Three Baltimore Row Homes, Kills 1

One person is dead, four people were injured and one more person is still trapped under the rubble after a gas explosion in a northwest Baltimore neighborhood Monday morning.
August 10, 2020 Property Subrogation Maryland

Busy Hurricane Season Likely To Lead To Elevated Claims Costs

Busy Hurricane Season Likely To Lead To Elevated Claims Costs

DBRS Morningstar has offered commentary on the current US hurricane season, saying that not only will the season likely see a lot of storm activity, but the resulting insurance claims made will “add to insurers’ woes.”
August 7, 2020 Catastrophe Property

More North Carolina Beach Homes Destroyed In Second Hurricane Isaias-Related Fire

More North Carolina Beach Homes Destroyed In Second Hurricane Isaias-Related Fire

Crews responded to a fire involving several homes on Concord Street in Ocean Isle Beach early Thursday morning. Mayor Debbie Smith says three homes are a total loss, and three others are damaged.
August 6, 2020 Auto Property North Carolina

Unlicensed Renovation Company Accused Of Insurance Fraud

Unlicensed Renovation Company Accused Of Insurance Fraud

A Roanoke business is being investigated for insurance fraud and stands accused of taking in a lot of money illegally.
August 5, 2020 Fraud Property Virginia

Isaias Produced Fierce Wind, Devastating Flooding Along East Coast

Isaias Produced Fierce Wind, Devastating Flooding Along East Coast

Whipping winds from Tropical Storm Isaias brought down trees and knocked out power for millions along the East Coast on Tuesday, with hurricane-strong gusts blasting atop Mount Washington in New Hampshire.
August 5, 2020 Auto Property Delaware District Of Columbia Maryland New Hampshire New York

Torrential Rain, Nine Suspected Tornadoes As Isaias Tracks Into The Northeast

Torrential Rain, Nine Suspected Tornadoes As Isaias Tracks Into The Northeast

Isaias is racing up the East Coast, dumping between 2 and 6 inches in much of the D.C. region and spawning numerous tornadoes from Central Virginia through Southern Maryland — though the worst of the storm appears to be past us.
August 4, 2020 Auto Property Maryland North Carolina South Carolina Virginia

Court Decision On “Surface Water” In The Policy Exclusion, But Not In The Flood Endorsement

Court Decision On “Surface Water” In The Policy Exclusion, But Not In The Flood Endorsement

The Co-operators has to pay a Mississauga banquet hall facility nearly $1 million – about double the amount it originally paid on a sewer backup policy – for losses arising from an historic 2013 rain storm, the Court of Appeal for Ontario has ruled.
August 3, 2020 Litigation Property

Apple Wildfire In Southern California Is Barely Contained

Apple Wildfire In Southern California Is Barely Contained

A huge wildfire in mountains east of Los Angeles that is Southern California’s biggest blaze so far this year was still raging Monday, with thousands of people forced to evacuate their homes.
August 3, 2020 Property California

Isaias Could Become Hurricane As It Pulls Away From Florida

Isaias Could Become Hurricane As It Pulls Away From Florida

Isaias was forecast to be near hurricane strength as it approached the Carolinas Monday, just a day after bands of heavy rain from the tropical storm lashed Florida’s east coast.
August 3, 2020 Property Florida North Carolina South Carolina

Flood Damage Can Erode Companies’ Long-Term Value

Flood Damage Can Erode Companies’ Long-Term Value

Flood disruptions could cause a business’s stock to drop significantly over the succeeding 12 months, reflecting investors’ shaken confidence in the company’s managerial decision-making, according to a new study commissioned by FM Global.
July 31, 2020 Property Risk Management

Tropical Storm Isaias Strengthens As It Hits Puerto Rico; Most Of Florida In Forecast Path

Tropical Storm Isaias Strengthens As It Hits Puerto Rico; Most Of Florida In Forecast Path

Tropical Storm Isaias strengthened overnight and winds could reach near hurricane strength as it approaches Florida later this week, according to the National Hurricane Center.

Isaias is currently bringing life-threatening flash flooding and gusty winds to Puerto Rico.

The projected path of the storm continues to keep most of Florida in its track. The state could start to feel the impacts from Isaias by the end of the week and into the weekend.

Winds could reach near 70 mph by Saturday, according to the Hurricane Center. A storm is classified as a hurricane when sustained winds reach 74 mph.
July 31, 2020 Property Florida

CAT Modeler Projects Hurricane Hanna Insured Losses Near $350M

CAT Modeler Projects Hurricane Hanna Insured Losses Near $350M

Karen Clark & Company (KCC) has estimated that insurance industry losses from Hurricane Hanna, the first hurricane of the 2020 North Atlantic hurricane season, will near $350 million.
July 30, 2020 Auto Catastrophe Property Texas
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