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Majority of Insurance Complaints from East Troublesome Fire Victims Against One Insurer

Majority of Insurance Complaints from East Troublesome Fire Victims Against One Insurer

It’s been more than two years since the smoke cleared from one of Colorado’s biggest and costliest wildfires -- the East Troublesome Fire. But many victims are still fighting for the insurance money they say they’re owed, with one company at the center of several of those alleged disputes -- State Farm Fire and Casualty Insurance.
November 11, 2022 Litigation Property California

Rare Win: Baylor College Awarded $12M for COVID BI Losses

Rare Win: Baylor College Awarded $12M for COVID BI Losses

They’ve been cropping up since 2020: COVID business interruption claims. Forced shutdowns due to a rising pandemic gave way to organizations looking for compensation for monies lost. But, as we all know, business interruption coverage will only trigger if a physical loss has occurred.
November 10, 2022 Litigation Property Texas

Wilbur-by-the-Sea Homes Collapse Into Ocean After Nicole Strikes Florida

Wilbur-by-the-Sea Homes Collapse Into Ocean After Nicole Strikes Florida

Seven beachside homes in Wilbur-by-the-Sea collapsed into the Atlantic Ocean on Thursday after Nicole struck Florida as a hurricane and ripped across the state, devouring a large chunk of the coastline along Central Florida beaches.
November 10, 2022 Property Florida

$100M Cyberattack Claim Finally Settled by Mondelez, Zurich

$100M Cyberattack Claim Finally Settled by Mondelez, Zurich

Mondelez International has settled its lawsuit against Zurich American Insurance Company, which it brought because the insurer refused to cover the snack giant’s $100-million-plus cleanup bill following the 2017 NotPetya outbreak.
November 9, 2022 Litigation Property

Fraud Wave Expected in Southwest Florida as Hurricane Money Arrives

Fraud Wave Expected in Southwest Florida as Hurricane Money Arrives

Kathryn Schweitzer worked recently in the yard in front of her small, yellow house in a North Port neighborhood where mildewing furniture, drywall and other personal belongings line the streets, the remains of destruction left behind by Hurricane Ian.
Schweitzer tries to shrug off the $8,000 she’s paid so far "just to get the walls back" in her flood-damaged home, because "if you can’t cry, you get to laugh."
November 8, 2022 Catastrophe Fraud Property Florida

Judge Suspects Texas Law Firm’s Quantity of Louisiana Hurricane Cases

Judge Suspects Texas Law Firm’s Quantity of Louisiana Hurricane Cases

In the weeks before the deadline to file insurance lawsuits related to Hurricane Laura, a Houston-based law firm filed over 1,400 cases at the Lake Charles federal courthouse.
November 8, 2022 Litigation Property Louisiana

Devastation After Deadly Tornado Outbreak In Texas, Oklahoma

Devastation After Deadly Tornado Outbreak In Texas, Oklahoma

New videos show scenes of devastation in the aftermath of powerful tornadoes that touched down in Texas, Oklahoma and Arkansas on Friday. At least eight tornadoes were confirmed by survey teams from the National Weather Service, and two of those have been rated an EF-3 with winds near 160 mph.
November 7, 2022 Auto Property Arkansas Oklahoma Texas

An Improbable Risk: Meteorite Destroys California Home

An Improbable Risk: Meteorite Destroys California Home

Northern California officials are looking into if the bright ball of light seen in the sky Friday night is a meteorite that landed on and destroyed a Nevada County home.
Witnesses came from all over the region following the path of the bright ball in the sky to see where it landed and that path might have led to Dustin Procita’s home.
November 7, 2022 Property California

Sacramento Kings’ COVID Lawsuit Gets Go-Ahead From Court

Sacramento Kings’ COVID Lawsuit Gets Go-Ahead From Court

In a rare policyholder win, a federal district court has refused to dismiss COVID-19-related business litigation filed by the Sacramento Kings basketball team and its venue against FM Global.
November 3, 2022 Litigation Property California

Mondelez, Zurich Reach Settlement in $100M Cyberattack Lawsuit

Mondelez, Zurich Reach Settlement in $100M Cyberattack Lawsuit

Mondelez International and Zurich American Insurance reached a settlement late last week in their multi-year legal battle over the food company’s $100 million claim regarding damage from the NotPetya cyberattack in 2017.
November 1, 2022 Excess & Surplus Lines Litigation Property

Damage Appraisal Method Leaves a Toilet Back-up Case Running

Damage Appraisal Method Leaves a Toilet Back-up Case Running

Did a toilet backup cause $35,700 worth of damage to the cell phone stock of a retail business, as argued by Gore Mutual, or $105,000, as the business owner claimed? Neither side agreed with the appraised value of the losses, which featured a controversial (but cost-efficient) sampling method to determine damage to the cell phone stock.
October 31, 2022 Litigation Property

2021 Colorado Wildfire Claims Exceed $2B

2021 Colorado Wildfire Claims Exceed $2B

A wildfire that destroyed nearly 1,100 homes and businesses in suburban Denver last winter caused more than $2 billion in losses, making it by far the costliest in Colorado history, the state insurance commissioner said.
October 28, 2022 Catastrophe Property Colorado

For Some New Jersey Homeowners, The Disaster of Hurricane Sandy Isn’t Over Yet

For Some New Jersey Homeowners, The Disaster of Hurricane Sandy Isn’t Over Yet

A decade after Sandy made landfall in New Jersey, Toms River resident Matt Rusinski has crossed more rebuilding thresholds than others displaced by the storm. He’s back in his home, the repairs complete after he meticulously tracked evaluations from adjusters, estimates from architects and receipts from local and federal financial aid.
October 28, 2022 Property New Jersey

Implications of Covid on Insurance Coverage as it Relates to BI Claims and Force Majeure Clauses

Implications of Covid on Insurance Coverage as it Relates to BI Claims and Force Majeure Clauses

Perhaps since the very first executive order came out ordering businesses to close amid the early stages of the Covid-19 pandemic, attorneys have been holding their breath, waiting to see how Covid-19 would play out in terms of insurance coverage, especially as it relates to various policy provisions, including but certainly not limited to business interruption coverage claims.
October 27, 2022 Litigation Property

Number of Claims Filed For Hurricane Ian Near 475K

Number of Claims Filed For Hurricane Ian Near 475K

The National Insurance Crime Bureau (NICB) has issued an advisory that policyholders should be on the lookout for scammers, as the number of insurance claims filed related to Hurricane Ian hits nearly half a million.
October 26, 2022 Catastrophe Fraud Property Florida
Omega Forensic Engineering, IncMid-America Catastrophe ServicesWeller SalvageKelmar Global