Global insurers and reinsurers look set to incur costs stretching into the multi-billion-dollar range from the ongoing winter storm and severe cold weather impacting the United States and Canada.

If it weren’t for a healthy savings account, Rosanna ‘Roshi’ Mason might still be living in a cramped disaster relief trailer in her front yard with her husband and two kids. Maison Insurance Co. was supposed to pay for the damage to their home in LaPlace, but the insurer went belly-up and was taken over by the state.

Supply chain problems aren’t going away any time soon for insurance adjusters. Home improvement retailers and warehouses have been plagued by empty shelves since the first year of the COVID-19 pandemic. And goods scarcities for everything from lumber to La-Z-Boys have driven cost increases that make home insurance claims settlements more expensive.

‘It’s going to take a while, in terms of the supply chain getting back to what the demand is,’ said Janak Lally, assistant vice president at ClaimsPro – BC Lower Mainland & Interior. ‘You’re waiting on products for a long time.’

Lately, that’s been particularly true for home appliances – which makes adjusters’ jobs harder if they’re trying to control costs while getting clients’ lives back to normal following NatCats or other events where homeowners experience contents losses.

It’s the first victory of its kind against an insurance company that refused to pay a COVID claim in California. John’s Grill, one of San Francisco’s oldest restaurants, has settled its lawsuit against the Hartford group. The payout is said to be in the millions.

A magnitude 6.4 earthquake shook parts of Northern California early Tuesday, jolting people awake, the U.S. Geological Survey said, causing widespread damage and leaving thousands without power.

The Maryland Supreme Court joined several other state supreme courts Thursday in ruling unanimously that COVID-19 business interruption claims are not entitled to coverage.

Florida Gov. Ron DeSantis on Friday signed legislation providing hurricane relief assistance and moving to shore up the state’s property insurance market in the wake of Hurricanes Ian and Nicole this year.

A California state appeals court has overturned a lower court and reinstated a COVID-19-related business interruption case for the second time.

While the ‘25% rule’ has been in the Florida Building Code (FBC) for many years, recent legislative changes, specifically within Senate Bill 4-D (2022), have clarified and/or changed the way this specific code section on existing roofing is to be applied.

Jacqueline Huskey, a Black woman living in suburban Illinois, tried more than a dozen times to get help from State Farm after a hailstorm punched holes in her roof. Now, thanks to a broad study of how the insurer handles claims like hers, she has evidence indicating that her struggle is a common one for Black customers.

Florida’s property insurance reform bill has now been passed by the state Senate in a 27 to 13 vote that was along mostly party lines.

A marathon of severe weather rampaged through the southern Plains Tuesday, spawning multiple tornadoes, injuring at least five people and claiming the lives of at least two people.

In late September, 2022, Hurricane Ian made landfall in Southwest Florida and traveled across the state. The storm brought with it significant storm surge that caused substantial flooding. The storm also was accompanied by high winds that caused damage.

Yet another major insurer is pulling out of Louisiana. United Property & Casualty Insurance Co., based in Florida, will cease renewing its roughly 36,000 Louisiana home insurance policies in 2023.

Florida legislators have a crisis to tackle this week as they convene for a special session in an attempt to fix the state’s homeowners insurance problems.