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PG&E Urges Judge To Approve Insurance Settlement, Faces Resistance

Pacific Gas & Electric on Wednesday urged a federal bankruptcy judge to approve a key insurance settlement as it struggles to regain its financial footing and cover at least $20 billion in losses stemming from catastrophic wildfires in California tied to its equipment.
December 5, 2019 Liability Property Subrogation California

NFIP: Congress Continues To Kick The Can, Risk Rating 2.0 Stalled

Just in time for the start of the holiday season, the US House of Representatives passed a measure extending the National Flood Insurance Program (NFIP) through December 20, 2019.
December 4, 2019 Legislation & Regulation Property

Rockport, Maine Motel Fire Likely Caused By Smoking In Bed

The man who died in the early morning fire at a Rockport motel on Monday is 53-year-old Kevin Stanley, according to reports from the State Fire Marshal’s Office. Fire investigators say smoking is the likely cause.
December 3, 2019 Property Maine

Sewer Blockage Pushes Waste Into 300 New York City Homes

A blocked sewer main flooded basements Saturday with brown filth and left residents in the neighborhood near New York City’s Kennedy Airport feeling sickened by the stench.
December 2, 2019 Property New York

Texas Chemical Plant Blast Has Injured 3 And Caused Extensive Property Damage In Port Neches

An explosion rocked a chemical plant early Wednesday in Texas, causing extensive damage across the small city of Port Neches and leaving at least three employees injured.
November 27, 2019 Excess & Surplus Lines Property Subrogation Workers' Compensation Texas

Nearly 200 Fort McMurray Wildfire Claims Still Await Settlement

If you thought issues over wildfire insurance in California were complex, spare a thought for our neighbors north of the border. Although more than three years have passed since the infamous Fort McMurray wildfires, nearly 200 residential claims related to the incident are still awaiting settlement.
November 26, 2019 Property

Insurers Pay Out Millions For Jefferson City, Missouri Tornado Damage

State insurance officials say Jefferson City residents made more than $170 million in insurance claims after a tornado hit the city on May 22.
November 25, 2019 Property Missouri

Ohio Scrap Metal Theft Ring May Have Caused $1M In Property Damage

Arrests have been made and additional suspects have been identified in a large scrap metal theft ring accused of causing hundreds of thousands of dollars worth of damage in Montgomery County, according to investigators.
November 21, 2019 Property Ohio

FEMA Report Explores Blockchain For Disaster Insurance Payouts

A recent report by the advisory board of the U.S. Federal Emergency Management Agency (FEMA) recommends using blockchain to expedite insurance payouts in the event of a disaster.
November 21, 2019 Catastrophe Property Technology

Florida Officials Fraudulently Used FEMA Funds From Hurricane Michael

Two former officials of a Florida city are charged with conspiring with two businesses to bilk the federal government out of $5 million in Hurricane Michael cleanup money, the U.S. attorney’s office announced Tuesday.
November 20, 2019 Fraud Property Florida

PG&E Is Dubious Of Fire Victim’s Claim For A 500-Pound Emerald

PG&E Corp. says it has found suspicious monetary claims by victims of California’s wildfires, including one from a man who says a 500-pound (227-kilogram) emerald worth $280 million was destroyed at his home a year ago in the most destructive and deadliest wildfire in state history.
November 19, 2019 Fraud Liability Property California

Tesla Supercharger Catches Fire At New Jersey Convenience Store

A Tesla Supercharger station located at a Wawa convenience store ignited in Parsippany, New Jersey, CNBC confirmed after images of the fire were shared on social media.
November 19, 2019 Property New Jersey

Flames Destroy Two Luxury Yachts At Fort Lauderdale Marina

Over $20 million worth of property went up in flames early Saturday in Florida, where two multimillion-dollar yachts were destroyed in a fire.
November 18, 2019 Property Florida

21 People Displaced By Massive Fire In Hornell, New York

The American Red Cross is assisting 21 people (13 adults and eight children) following a massive fire in Steuben County that impacted seven residences. The area was solemn Sunday afternoon on Preston Avenue in Hornell.
November 18, 2019 Property New York

Italy Declares State Of Emergency In Venice Amid Flooding From High Tides

Italy’s government declared a state of emergency Thursday in flood-ravaged Venice, seeking to release funds to repair the historic lagoon city after it was damaged by the highest tide in 50 years.
November 15, 2019 Property
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