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6.5-Magnitude Quake Rattles Nevada

6.5-Magnitude Quake Rattles Nevada

An earthquake with a revised magnitude of 6.5 hit Nevada on Friday morning, about 225 miles northwest of Las Vegas near the California border, the US Geological Survey says. The quake occurred at 4:03 a.m. local time, the USGS says. It was 4.7 miles deep. At least four aftershocks were reported.
May 15, 2020 Property Nevada

This App Shows Storm Surge Damage Before Flooding Begins

This App Shows Storm Surge Damage Before Flooding Begins

Damage assessments of flood-ravaged communities used to rely on post-disaster surveys. That’s changing. Scientists at one of the nation’s leading climate research consortiums last week released an “augmented reality” smartphone application that simulates how floodwater would inundate specific houses under varying storm surge conditions.
May 15, 2020 Property Technology

Arthur Would Be Another Early Tropical Storm: Does Hurricane Season Officially Start Too Late?

Arthur Would Be Another Early Tropical Storm: Does Hurricane Season Officially Start Too Late?

Another year, another "preseason" tropical storm. Tropical (or Subtropical) Storm Arthur is likely to form over the next few days, the National Hurricane Center said Thursday, giving the system a 70% chance of development within the next five days.
May 15, 2020 Catastrophe Property

Atlantic Hurricane Season: More Trouble Ahead?

Atlantic Hurricane Season: More Trouble Ahead?

With the official start of the 2020 Atlantic hurricane season just one month away, there has likely never been a more important one for the insurance industry.
May 14, 2020 Catastrophe Property

COVID-19’s Effect On Property Losses And Subrogation Claims

COVID-19’s Effect On Property Losses And Subrogation Claims

Since March, the coronavirus pandemic has impacted virtually every aspect of life across the globe, and its effects have been unprecedented, in both their scope and speed of impact. Even after the U.S. and other countries attempt to ease lockdowns and restore some level of normalcy, the ripple effects will continue.
May 13, 2020 Property Subrogation

Micro-Censusing: Risk Rating 2.0 And The Future Of Flood Insurance

Micro-Censusing: Risk Rating 2.0 And The Future Of Flood Insurance

The ability to micro-census — that is, to gather granular data about individual homes and businesses and use it to inform underwriting — will lead to the biggest changes in flood insurance since the launch of the National Flood Insurance Program (NFIP) in 1968.
May 13, 2020 Legislation & Regulation Property Technology

Catastrophe Response — The New Norm?

Catastrophe Response — The New Norm?

Between the industry’s digital disruption and now the practicing of social distancing related to COVID-19, the processes of a catastrophe response, both field and desk adjusting, are undergoing significant changes.
May 11, 2020 Catastrophe Education & Training Property

Pennsylvania Insurance Commissioner Warns Businesses Of Increased Risks, Liability With Non-Compliance Of Closure Orders

Pennsylvania Insurance Commissioner Warns Businesses Of Increased Risks, Liability With Non-Compliance Of Closure Orders

The commissioner of the Pennsylvania Insurance Department on Monday reminded businesses statewide of the importance of complying with Governor Tom Wolf’s orders for counties in the red and yellow phases of the COVID-19 outbreak.
May 11, 2020 Liability Property Pennsylvania

Wildfire Destroys 18 Homes In Northwest Florida, Forces Evacuations

Wildfire Destroys 18 Homes In Northwest Florida, Forces Evacuations

Florida is now dealing with a second disaster unfolding amidst the pandemic: A wildfire raged out of control in Santa Rosa County late Wednesday in the Panhandle, destroying homes, forcing emergency evacuations and shutting down nine miles of Interstate 10.
May 7, 2020 Property Subrogation Florida

COVID-19 And Legal Gamesmanship

COVID-19 And Legal Gamesmanship

There is a belief that business closure orders by civil authorities trigger civil authority coverage in business income insurance policies if the orders allege property damage of some kind. This is a misconception that is typical of generalizations about insurance contracts that come from the failure to actually read the policy language.
May 4, 2020 Education & Training Property

April Was A Historic Month For Tornadoes In The US

April Was A Historic Month For Tornadoes In The US

April 2020 was one for the severe weather history books. The preliminary count of 351 tornadoes last month is the second most for any April on record, according to the National Weather Service Storm Prediction Center.
May 4, 2020 Property

More And More Insurance Companies Are Giving Back During The Coronavirus Pandemic

More And More Insurance Companies Are Giving Back During The Coronavirus Pandemic

In order to help their clients, and generally, help the society, auto insurers have begun issuing refunds to auto insurance policyholders in response to dramatic drops in driving as much of the country remains in lockdown.
May 1, 2020 Auto Property

Tennesseans File More Than $1B In Tornado Claims

Tennesseans File More Than $1B In Tornado Claims

Thousands of Tennesseans impacted by devastating March and April tornadoes have turned to insurance companies for relief. And, after the novel coronavirus pandemic shuttered businesses across the state, business owners are doing the same.
April 27, 2020 Auto Property Tennessee

EF2 Tornado Left 5.5 Mile Track In Greenville County, SC

EF2 Tornado Left 5.5 Mile Track In Greenville County, SC

A powerful tornado with winds reaching 115 mph cut a path from Montebello to East North Street on Saturday night, uprooting massive trees, tearing apart business facades and leaving thousands without power.
April 27, 2020 Auto Property South Carolina

General Contractor Overhead And Profit And AOB Insurance Scams

General Contractor Overhead And Profit And AOB Insurance Scams

A storm is rising, and it isn’t the type which causes damage to homes and vehicles. It causes damage of a much more insidious nature. Following a storm or other natural disaster, canvassers hired by the “hail cartel”—lawyers or opportunistic general contractors—can be found blanketing a neighborhood and knocking on doors.
April 27, 2020 Auto Education & Training Litigation Property Subrogation Arizona Connecticut Florida Kentucky Massachusetts
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