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Davenport Apartment Building Partially Collapses, Eight Rescued Safely

Davenport Apartment Building Partially Collapses, Eight Rescued Safely

In a remarkable rescue operation, eight individuals were successfully saved after a six-story apartment building experienced a partial collapse in Davenport, Iowa. Fortunately, no casualties were reported, providing a glimmer of hope amidst the chaos that ensued.
May 30, 2023 Property Iowa

Bad Faith: Seven Insurers to Pay Total Damages of $112M

Bad Faith: Seven Insurers to Pay Total Damages of $112M

A jury seated in South Bend sent a $112 million message to the insurance industry. That's how much seven sued companies will have to pay in damages for refusing to pay claims.
May 30, 2023 Litigation Property Indiana

Lawsuit Claims Texas Firm And Estimators Likely Conspired to Inflate Louisiana Damages

Lawsuit Claims Texas Firm And Estimators Likely Conspired to Inflate Louisiana Damages

Houston law firm McClenny Moseley and Associates has been accused of a litany of questionable, and potentially illegal, practices in recent months. Now, a group of former employees of an estimating company say their former employers likely conspired with the firm to hike up the value of Hurricane Ida claims by exaggerating damages.
May 30, 2023 Fraud Litigation Property Louisiana Texas

7 Habits of Highly Effective Field Claims Adjusters

7 Habits of Highly Effective Field Claims Adjusters

At Mid-America Catastrophe Services, we are privileged to work with some of America's best field and desk claims adjusters. Our top performers work as much as they want and earn six figures annually. More importantly, they are good people. They are empathetic, energetic, and efficient.
May 26, 2023 Education & Training Property

Federal Agencies Will Collaborate to Provide Climate Change Data to the Insurance Industry

Federal Agencies Will Collaborate to Provide Climate Change Data to the Insurance Industry

Climate-driven floods, hurricanes, wildfires and heat waves cause billions of dollars of damage every year in the United States. Federal scientists hope that better access to climate data will help one industry adapt: property insurers.
May 24, 2023 Insurance Industry Property

Hurricane Ian Victims Sue Insurer for Underpaying Damage Claim

Hurricane Ian Victims Sue Insurer for Underpaying Damage Claim

Nearly eight months after Hurricane Ian ravaged Southwest Florida, some homeowners say their insurance company won't pay for the full cost of repairs and they are left with no option but to sue.
May 23, 2023 Litigation Property Florida

What’s Behind Seismic Inflation?

What’s Behind Seismic Inflation?

The expected annual cost from earthquake damage for California is climbing sharply amid an increase in property values and better understanding of how soft soils could result in greater damage during shaking.
May 22, 2023 Catastrophe Property California

Bad Faith Claim by Arkansas Tornado Victim: Insurer Ignored Valued Policy Law

Bad Faith Claim by Arkansas Tornado Victim: Insurer Ignored Valued Policy Law

A complaint filed this week in federal court by a Wynne woman whose home was destroyed March 31 by an EF-3 tornado that decimated much of the Cross County city claims that her insurance company undervalued the coverage on her home by more than $200,000.
May 22, 2023 Litigation Property Arkansas

Florida and Louisiana Take on Huge Debts for Hurricane Insurance Claims

Florida and Louisiana Take on Huge Debts for Hurricane Insurance Claims

In an emergency financial maneuver, the state-chartered insurance associations of Florida and Louisiana have been forced to borrow a combined $1.3 billion to cover insurance claims caused by worsening hurricanes.
May 22, 2023 Catastrophe Insurance Industry Property Florida Louisiana

A New Approach to Property Resilience

A New Approach to Property Resilience

The history of the standards we use for how we build structures -- homes, apartments and commercial and manufacturing buildings -- has largely to do with regional authorities determining what criteria they need to meet to keep the occupants of the building safe.
May 19, 2023 Property Risk Management

Ice Jam Flooding Ravages Two Alaska Communities; Homes Lost, State of Emergency Declared

Ice Jam Flooding Ravages Two Alaska Communities; Homes Lost, State of Emergency Declared

Severe flooding caused by historic ice jams along the Yukon and Kuskokwim rivers has resulted in significant destruction of homes and infrastructure in two communities in Alaska.
May 19, 2023 Property Alaska

Colorado Governor Signs Bill Enacting Statewide Wildfire-Resistant Building Code

Colorado Governor Signs Bill Enacting Statewide Wildfire-Resistant Building Code

Colorado Gov. Jared Polis signed into law Friday a bill that mandates a statewide wildfire-resistant building code, a step that scientists say will help protect residents and first responders as climate change intensifies blazes.
May 17, 2023 Legislation & Regulation Property Colorado

Transparency and Consumer Safeguards:  Public Adjuster Reform Gains Momentum in Indiana, Illinois

Transparency and Consumer Safeguards: Public Adjuster Reform Gains Momentum in Indiana, Illinois

Indiana and Illinois have recently joined the growing number of states enacting legislation aimed at reforming public adjuster practices. These measures are designed to enhance consumer protection, increase transparency, and regulate the activities of public adjusters within the insurance industry.
May 16, 2023 Insurance Industry Legislation & Regulation Property Illinois Indiana

Insurance Companies Would Set Their Own Rates Under Bill Approved by Louisiana House

Insurance Companies Would Set Their Own Rates Under Bill Approved by Louisiana House

The Louisiana House approved a bill Thursday that would let insurance firms set their own rates without approval from the state's insurance commissioner -- one of several controversial insurance proposals on deck as lawmakers try to mend the state's fractured marketplace.
May 15, 2023 Legislation & Regulation Property Louisiana

Texas Community Shattered by Deadly Tornado

Texas Community Shattered by Deadly Tornado

A powerful tornado ripped through the unincorporated community of Laguna Heights near the southern tip of Texas, claiming the life of one person and causing significant damage to residences in its path. The tornado struck before dawn on Saturday, catching residents off guard and leaving a trail of destruction in its wake.
May 15, 2023 Property Texas
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