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Aon Confirms Huge Number Of Nat Cat Losses Not Insured

Aon has published its latest catastrophe report, which points to a gaping insurance hole for 2019. According to the broking giant’s Weather, Climate & Catastrophe Insight: 2019 Annual Report released today, last year’s 409 natural catastrophe events equated to $232 billion in economic losses.
January 22, 2020 Catastrophe Property

Seven Waikiki Beach Homes Destroyed By Fire Intentionally Set

Two police officers were fatally shot Sunday near a home in Honolulu that appears to have been set on fire, and two women remained missing in the aftermath, authorities said. The fire quickly spread to other homes in the upscale Diamond Head neighborhood, destroying seven houses and damaging several others, Honolulu Fire Chief Manuel Neves said.
January 21, 2020 Property Subrogation Hawaii

How Global Companies Drive The Home Insurance Crisis In California Wildfire Zones

California enjoyed a comparatively mild wildfire season in 2019, but it wasn’t enough to save Bobbi Pimentel’s homeowners’ insurance policy. Pimentel and her husband, who live in a rural area 30 miles east of Redding, got the dreaded notice in late November: Horace Mann Educators Corp., which has insured their property for 13 years, wouldn’t renew their policy.
January 21, 2020 Catastrophe Legislation & Regulation Property California

Building Under Renovation Collapses In Washington, D.C.

One person was injured in Washington, D.C. on Wednesday after a building collapsed without warning just seconds after two passerby cleared the immediate area.
January 16, 2020 Excess & Surplus Lines Property District Of Columbia

CEO’s Historic Maryland Home Razed By Fire

A historic Kingsville home owned by a local CEO was brought to the ground Wednesday evening after a fire quickly spread throughout the house, according to the Baltimore County Fire Department.
January 16, 2020 Property Maryland

Insurance Crisis In California: Wildfire Risk Underestimated

While the world watches the Australian bushfires ravage the country, it’s not the only region that’s felt the brute force of the fiery catastrophe.
January 15, 2020 Legislation & Regulation Property California

Water Main Break Floods New York City Parking Garage, Building Basements

The Upper West Side turned into the Under Water Side after a busted water main Monday flooded streets around Lincoln Center, inundating nearby subway tracks and building basements. The flooding began when a city water main erupted between W. 62nd and 63rd Streets along Broadway just before 5 a.m., officials said.
January 15, 2020 Auto Property New York

U.S. Flood Risk Model To Be Accessible To Public

A climate research organization will offer access to a risk model that predicts the probability of flooding for homes across the United States, giving the public a look at the data institutional investors use to gauge risk.
January 14, 2020 Catastrophe Property Technology

Severe Weather Causes Millions In Damage To Port Milwaukee; 11 Killed In Midwest, South

Icy roads, deadly tornadoes, punishing waves — severe weekend weather has been blamed for 11 deaths and major damage in parts of the Midwest, South and Northeast. In Wisconsin, high winds, towering waves and flooding caused millions of dollars in damage to Port Milwaukee on Lake Michigan.
January 13, 2020 Property Alabama Arkansas Mississippi Oklahoma Texas

High Winds Spread Construction Site Fire In New Jersey To Multiple Properties

A massive fire ripped through several buildings, including a pair of apartment complexes under construction in downtown Bound Brook Sunday night, according to fire officials. Firefighters, who continued to battle the blaze past 11 p.m., said there were no serious injuries.
January 13, 2020 Excess & Surplus Lines Property Subrogation New Jersey

Trapped Squirrel Wreaks Havoc Inside Atlanta Home, But Insurance Doesn’t Cover Damages

A week after a family purchased their first home, they left for a week to visit family for the holidays. While gone, a squirrel fell down the chimney! The flue was left open by the previous owners and the Drees family hadn’t yet noticed. The squirrel ran throughout the house for a week, causing extensive damage.
January 7, 2020 Property Weird Georgia

Coca-Cola Semi Tractor Totaled After Crashing Into House

A Coca-Cola tractor-trailer crashed into a Pennsylvania house on Saturday, destroying the front of the home and causing road closures. The accident happened around 6:30 a.m. Saturday in foggy conditions in Quakertown, Pennsylvania.
January 6, 2020 Auto Excess & Surplus Lines Property Subrogation Pennsylvania

Puerto Rico Rocked By A Magnitude 5.8 Earthquake

A damaging earthquake struck Puerto Rico early Monday, with plenty of aftershocks expected.

The magnitude 5.8 tremor happened at 5:32 a.m. ET, the US Geological Survey said.
It was centered about 8 miles south-southeast of Indios, Puerto Rico, at a depth of about 3.7 miles below ground.
January 6, 2020 Property

Australia’s Extreme Wildfires Predicted To Worsen

Thousands of tourists and residents evacuated parts of Australia on Friday as hot temperatures and strong winds were expected to worsen wildfire conditions over the weekend.
January 3, 2020 Catastrophe Property

Manufacturing Facility Fire Causes Millions In Damage To Equipment

A fire is now out but not before causing $4 million in damage. While there is extensive fire, smoke and water damage to the machines, conveyors, and exhaust systems of the building, there is no major structural damage to the building.
December 30, 2019 Excess & Surplus Lines Property Virginia
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