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Texas Supreme Court Hears Arguments on Attorney Fee Awards When Appraisal Awards Are Paid

Texas Supreme Court Hears Arguments on Attorney Fee Awards When Appraisal Awards Are Paid

Insurance defense attorneys on Wednesday urged the Texas Supreme Court to uphold the ‘plain language’ of a law passed in 2017 that they say precludes recovery of attorney fees in cases where the insurer pays the full amount of an appraisal.
October 5, 2023 Litigation Property Texas

Property Insurers’ Exodus Presents Challenges and Opportunities

Property Insurers’ Exodus Presents Challenges and Opportunities

The exodus of some insurers from states badly affected by catastrophic climate-related events represents an opportunity for the carriers that remain, but comes with a need to understand the potential effect it has on customer perceptions, according to the J.D. Power 2023 U.S. Home Insurance Study.
October 4, 2023 Catastrophe Property Risk Management California Florida Louisiana

Safety Lesson: Cigarette Sparks Car and Home Fire

Safety Lesson: Cigarette Sparks Car and Home Fire

A woman hopping inside a Dodge Charger for a cigarette sparked an explosion that destroyed the car, burned down a significant portion of her home and left her with third-degree burns.
September 28, 2023 Auto Property Weird North Carolina

California’s New Firefighting Ally is Artificial Intelligence

California’s New Firefighting Ally is Artificial Intelligence

Firefighters want every leg up they can get to knock out a blaze before it becomes an inferno. The California Department of Forestry and Fire Protection says it has a new tool to battle wildfires before they explode -- artificial intelligence.
September 28, 2023 Property Technology California

Dispute Over Cigarette Ends in Anchorage Apartment Fire

Dispute Over Cigarette Ends in Anchorage Apartment Fire

A federal grand jury in Alaska has returned an indictment against 24-year-old Paul Bates of Anchorage, charging him with intentionally starting a fire in an apartment building on October 30, 2022.
September 27, 2023 Property Weird Alaska

Florida Insurance Adjusters and Contractor Arrested in $57K Fraud Scheme Targeting Elderly Victim

Florida Insurance Adjusters and Contractor Arrested in $57K Fraud Scheme Targeting Elderly Victim

Four individuals, including two licensed public insurance adjusters, one unlicensed insurance adjuster, and a mold contractor, have been arrested on multiple felony charges for their alleged involvement in a scheme to defraud a 94-year-old woman and Citizens Insurance.
September 26, 2023 Fraud Property Florida

Shutdown Threat Looms Over U.S. Flood Insurance

Shutdown Threat Looms Over U.S. Flood Insurance

Even as the 2023 Atlantic hurricane season proves to be more intense than originally predicted, federal funding for the National Flood Insurance Program (NFIP) is threatened by a potential government shutdown.
September 22, 2023 Legislation & Regulation Property

It’s Not an "Insurance Crisis" -- It’s a Risk Crisis

It’s Not an "Insurance Crisis" -- It’s a Risk Crisis

Ten states -- Louisiana, Florida, Idaho, Kentucky, Mississippi, Montana, North Dakota, South Carolina, Texas, and Virginia -- as well as additional plaintiffs, are suing the Federal Emergency Management Agency (FEMA) over its new methodology for pricing flood insurance, Risk Rating 2.0.
September 21, 2023 Legislation & Regulation Property Florida Idaho Kentucky Louisiana Mississippi

Hawaiian Electric’s Liability Insurance Coverage Is Key Question

Hawaiian Electric’s Liability Insurance Coverage Is Key Question

The Hawaii Public Utilities Commission initiated a sweeping inquiry of Hawaiian Electric Co. this week, and, among other things, ordered the utility to reveal by Monday any liability insurance the company has available to cover legal claims related to the Aug. 8 fires on Maui.
September 21, 2023 Liability Litigation Property Hawaii

Climate Change’s Toll on Homeowners and Insurance

Climate Change’s Toll on Homeowners and Insurance

Millions of American homeowners are confronting a growing financial dilemma as climate change-driven wildfires and floods push their home insurance rates to unprecedented levels. The situation is compounded when insurers decide to withdraw coverage.
September 21, 2023 Insurance Industry Property California Florida Kentucky Louisiana South Dakota

Lawsuit Challenges FEMA’s Role in Endangering Oregon’s Natural Habitats

Lawsuit Challenges FEMA’s Role in Endangering Oregon’s Natural Habitats

Conservation groups in Oregon are suing the Federal Emergency Management Agency over its flood-insurance program, which they say puts fish, orcas and people at risk.
September 20, 2023 Legislation & Regulation Litigation Property Oregon

More Layoffs Coming in Insurance Industry Without Reform

More Layoffs Coming in Insurance Industry Without Reform

San Francisco might not be the only California colossus in a so-called ‘doom loop.’ The property and casualty insurance market is experiencing a crisis of its own, and the consequences are dire for the entire state economy.
September 20, 2023 Legislation & Regulation Property California

Insured Damages From Summer Storms in Alberta Estimated at $300M

Insured Damages From Summer Storms in Alberta Estimated at $300M

Severe storms in Alberta and the Prairies this summer resulted in more than $300 million in insured losses, according to initial estimates from the Insurance Bureau of Canada.
September 19, 2023 Auto Property

Rising Florida Home Insurance Costs Drive Residents Toward Self-Insurance

Rising Florida Home Insurance Costs Drive Residents Toward Self-Insurance

A recent survey conducted by the Insurance Information Institute has shed light on a growing trend among Florida homeowners. As insurance premiums continue to soar in the state, more and more residents are choosing to self-insure their homes.
September 18, 2023 Property Florida

Where Wildfire Prevention Impacts People and Climate Most

Where Wildfire Prevention Impacts People and Climate Most

The U.S. government is investing over $7 billion in the coming years to try to manage the nation’s escalating wildfire crisis.
September 18, 2023 Property
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