Extensive damage has been reported in Texas, Oklahoma and Kansas after a line of severe thunderstorms spawned several tornadoes late Sunday night.

You never forget your first. Be it your first love, first job, or first multimillion-dollar fire. After 30 years in the restoration industry as both an independent vendor and a property damage consultant, I still remember my first fire.

Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and will soon be liquidated.

Dealing with property restoration claims is no easy feat, especially for insurance companies. By implementing strategies, insurance companies can streamline the restoration claims process and reduce claims costs while building trust with their policyholders.

As recent weather events in California demonstrate, most property owners should be doing much more to prepare for heavy rains and flooding.

Given the vast number of proposals to close ‘the protection gap’ offered by regulators, reinsurers, insurers, brokers and other industry participants in recent years, it is a wonder that it persists.

In the shadow of Lee McCall’s crumbled home sits an old RV and two tents that are now housing her family. The house, located in St. James City, is still rotting after Hurricane Ian pounded Southwest Florida in September, flooding thousands of homes, including theirs.

Florida’s Third District Court of Appeal recently affirmed a summary judgment entered in favor of a property insurer, holding that there is no conflict between the policy’s three year limitation for reporting hurricane claims and the requirement that the insured give prompt notice.

A commercial property policy extension granting coverage for an ‘influx of water derived from natural sources’ trumps a policy’s broad form flood exclusion, Alberta’s Appeal Court has found in a 2-1 split decision.

With the onset of the Covid-19 pandemic in 2020, businesses across the country were forced to shut their doors and turn to their commercial property insurance companies to seek coverage.

A bill aimed at propping up Louisiana’s flailing homeowners insurance market neared final approval Thursday after the Senate Finance Committee backed it.

Texans in more than 340,000 homes and businesses braced for near-freezing temperatures without power Wednesday and more than 2,300 flights were canceled amid an unrelenting blast of treacherous, icy conditions and brutal cold that has left at least six dead.

A Los Angeles state court on Thursday refused to grant an Allianz SE unit’s motion for summary judgment in a COVID-19-related business interruption case that was returned to a lower court after a pro-policyholder state appeals court ruling.

San Antonio Water System officials have denied a damage claim filed by a Castle Hills homeowner, despite the same water pipe bursting over and over again in the woman’s front yard.

Moody’s RMS, the catastrophe risk modelling specialist, has estimated that the recent severe flooding in California, that was triggered by a spate of storms and atmospheric river events, could amount to as much as $1.5 billion in losses for the insurance industry.