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Intense Blaze Consumes Apartment Construction Site In Downtown Phoenix

Intense Blaze Consumes Apartment Construction Site In Downtown Phoenix

Smoke continued to hang in the air Monday morning as firefighters mopped up hot spots after a huge fire destroyed a four-story apartment complex under construction in downtown Phoenix.
June 9, 2020 Excess & Surplus Lines Property Subrogation Arizona

Orlando’s EF-1 Tornado Damage Assessed At Nearly $900K

Orlando’s EF-1 Tornado Damage Assessed At Nearly $900K

A tornado was spotted in downtown Orlando Saturday evening after severe storms were reported in the area. The National Weather Service confirmed that an EF-1 tornado moved through Orlando, with winds reaching 100 mph to 105 mph.
June 9, 2020 Property Florida

Cristobal Downgraded To Tropical Depression After Weekend Of Flooding, Tornadoes

Cristobal Downgraded To Tropical Depression After Weekend Of Flooding, Tornadoes

Tropical Storm Cristobal downgraded to a tropical depression Monday morning as it continued to spiral north into Louisiana after a weekend that plagued Florida with tornado warnings including an EF1 tornado that damaged homes in Orlando.
June 8, 2020 Auto Property Florida Louisiana

Cristobal Threatens Louisiana Coast With Flooding Rains, High Winds And Surge

Cristobal Threatens Louisiana Coast With Flooding Rains, High Winds And Surge

The central coast of Louisiana remains the consensus target of Cristobal, which forecasters expect to regain tropical storm strength as it moves north over the Gulf of Mexico to make landfall late Sunday or early Monday after it completes a disruptive spin across the Mexico coast of the Bay of Campeche on Friday.
June 5, 2020 Property Louisiana

COVID-19 And Business Interruption: Some Losses Are Covered And Here’s Why

COVID-19 And Business Interruption: Some Losses Are Covered And Here’s Why

It has been two months since COVID-19 began to turn the U.S. economy upside down. Suffering massive losses due to the damage caused by coronavirus, businesses have quickly turned to their insurance companies for assistance.
June 4, 2020 Education & Training Property

Seven Homes Lost To Wildfire In Northern California City

Seven Homes Lost To Wildfire In Northern California City

A California fire department is battling a four-alarm wildfire near the Suisun City Wildlife Center in the San Francisco Bay Area.
June 4, 2020 Property California

Derecho Blows Through Philadelphia Region, Leaving Tree Damage

Derecho Blows Through Philadelphia Region, Leaving Tree Damage

The severe thunderstorms that blasted the region midday Wednesday killed at least three people and knocked out power to tens of thousands, officials said.
June 4, 2020 Auto Property Pennsylvania

Rioting Plus COVID-19 Equals Complex Business Interruption Claims

Rioting Plus COVID-19 Equals Complex Business Interruption Claims

After the darkest nights, the sun rises again. For the past three mornings, business owners woke up to shattered glass, ransacked stores, and stolen property. Some even saw their businesses destroyed by fire.
June 3, 2020 Property

Insured Losses From US Riots Could Surpass $1B

Insured Losses From US Riots Could Surpass $1B

As nation-wide rioting continues in the US following the death of unarmed George Floyd in police custody in Minneapolis, comparisons with previous civil disorders in the country suggests it could be a relatively meaningful man-made loss for the re/insurance industry.
June 3, 2020 Catastrophe Property

Key Advantage In Property Underwriting

Key Advantage In Property Underwriting

In the real estate market, it is often said that the three most important factors are location, location and location.
June 3, 2020 Property

Tropical Storm Cristobal Forms In Gulf, Setting New Atlantic Record

Tropical Storm Cristobal Forms In Gulf, Setting New Atlantic Record

Tropical Storm Cristobal, the third named storm of the 2020 Atlantic hurricane season, formed over the southwestern Gulf of Mexico Tuesday afternoon. The newly-formed Cristobal continued unleashing torrential rainfall across portions of Mexico and central America on Tuesday, threatening serious flooding and mudslides.
June 3, 2020 Property

Farmers Insurance Denied Business Interruption Claim Without Investigation,  Faces Lawsuit

Farmers Insurance Denied Business Interruption Claim Without Investigation, Faces Lawsuit

Farmers Insurance is facing a class action lawsuit filed in Los Angeles Superior Court over a business interruption claim the company denied on the same day it was filed.
June 2, 2020 Litigation Property California

Now Comes The Flood Season

Now Comes The Flood Season

We’re entering a flood season where one-third of Americans are expected to experience flood events, after which we’re forecast to see above-average hurricane activity.
June 2, 2020 Legislation & Regulation Property

Rioters Cause ’Millions’ In Damages, Theft At Scottsdale Mall

Rioters Cause ’Millions’ In Damages, Theft At Scottsdale Mall

Scottsdale police said "millions of dollars in damages and theft" occurred in a late-night spasm of violence and looting at Scottsdale Fashion Square and surrounding businesses. The department said 12 people were arrested and booked into jail.
June 1, 2020 Property Arizona

Arizona Wildfire Consumes Multiple Homes

Arizona Wildfire Consumes Multiple Homes

Fire crews are gaining control of the Ocotillo Fire that is burning in Cave Creek and grew to more than 900 acres. Some of the evacuations orders for the Ocotillo Fire have been lifted.
June 1, 2020 Property Arizona
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