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Hurricane Forecasting Improves, But Preparedness Still Paramount

Hurricane Forecasting Improves, But Preparedness Still Paramount

Hurricane forecasting and warning systems have greatly improved in recent years, providing residents with valuable time to plan, but preparedness remains paramount in south Louisiana as another tropical storm season approaches, federal and state officials said at the start of a national conference in New Orleans on Monday.
April 6, 2023 Catastrophe Property Louisiana

California Carrier To Refund Homeowners For Overpriced Wildfire Insurance

California Carrier To Refund Homeowners For Overpriced Wildfire Insurance

California Commissioner Ricardo Lara has announced that Kemper Independent Insurance Company overcharged its policyholders for their wildfire insurance coverage. As a result, that insurer has issued $1.5 million in refunds to thousands of homeowners.
April 5, 2023 Legislation & Regulation Property California

Donelon Backs Insurance Reform Legislation, Critics Say Policyholders Will Suffer

Donelon Backs Insurance Reform Legislation, Critics Say Policyholders Will Suffer

Louisiana Insurance Commissioner Jim Donelon on Tuesday (April 4) unveiled a package of proposed new laws he wants the legislature to approve during the upcoming legislative session.
April 4, 2023 Legislation & Regulation Litigation Property Louisiana

Drones Tapped To Improve Risk Management

Drones Tapped To Improve Risk Management

Drones have been deployed by insurers and risk managers for several years to better assess risks, respond to catastrophes and improve claims efficiency.
April 4, 2023 Property Risk Management Technology

Intense Storms Last Day Of March: 50 Tornadoes And 32 People Dead

Intense Storms Last Day Of March: 50 Tornadoes And 32 People Dead

Parts of the Midwest and South devastated by catastrophic tornadoes will have almost no time to recover before another round of dangerous storms takes aim at hard-hit areas.
April 3, 2023 Auto Property Alabama Arkansas Delaware Illinois Indiana

Construction’s Cloudy Outlook

Construction’s Cloudy Outlook

This year expects to see challenges in the housing market, construction industry, and claims. The headwinds are plenty: higher interest rates for construction loans, rising labor and material costs, slowing demand from homebuyers squeezed by more expensive mortgages, and fears of a looming recession as cities continue to recover from the pandemic.
March 31, 2023 Excess & Surplus Lines Property

Insurer Saw Hail Insurance Claims Surge By $1B In 2022

Insurer Saw Hail Insurance Claims Surge By $1B In 2022

State Farm recently released its hail insurance claims data, revealing that there was a $1 billion increase in filings for damage from that cause in 2022 when compared to the figure for 2021.
March 29, 2023 Property

Louisiana’s Lawmakers Aim To Ease Regulations For Wary Insurers

Louisiana’s Lawmakers Aim To Ease Regulations For Wary Insurers

State Sen. Kirk Talbot on Monday outlined several solutions the Legislature will consider this session to mend Louisiana's battered property insurance market, including changes to some restrictions that he said have soured insurers on the state.
March 28, 2023 Legislation & Regulation Property Louisiana

EF4 Tornado In Mississippi Obliterated Property On Its Nearly Sixty-Mile Track

EF4 Tornado In Mississippi Obliterated Property On Its Nearly Sixty-Mile Track

An EF4 tornado tore through the western Mississippi town of Rolling Fork on Friday night, causing total destruction as it ripped through the small, tight-knit community. The outbreak of storms left at least 26 dead across the Southeast, and communities face a lengthy road to recovery.
March 27, 2023 Auto Property Mississippi

Pennsylvania Chocolate Factory Explosion Kills Seven

Pennsylvania Chocolate Factory Explosion Kills Seven

Four more people have been found dead following a chocolate factory explosion in West Reading, Pennsylvania, last week, raising the death toll to seven, officials said Sunday night. All previously missing persons had been accounted for as of Sunday night.
March 27, 2023 Property Workers' Compensation Pennsylvania

California Faces Billions In Storm Damage To Crops, Homes And Roads

California Faces Billions In Storm Damage To Crops, Homes And Roads

The costs of California's relentless winter storms keep rising. And outside of the human toll -- with at least 28 people killed since January -- the price will be measured in billions.
March 24, 2023 Property California

Florida Insurance Regulators Investigating Claims Of Altered Adjuster Reports

Florida Insurance Regulators Investigating Claims Of Altered Adjuster Reports

Gov. Ron DeSantis says two state investigations have been launched following reports that insurance companies have been slashing Hurricane Ian payouts, leaving homeowners to foot the repair bill.
March 22, 2023 Property Florida

Summary Judgement Vacated In Policyholder’s Hurricane Harvey Damage Case

Summary Judgement Vacated In Policyholder’s Hurricane Harvey Damage Case

A federal appeals court on Friday reversed a lower court ruling in Lloyd's favor in a property damage case stemming from Hurricane Harvey, ruling that the lower court judge had improperly excluded evidence in the case without the required analysis.
March 21, 2023 Litigation Property Louisiana

Risky Business: Weak Insurers Absorbing Louisiana Citizens’ Policyholders

Risky Business: Weak Insurers Absorbing Louisiana Citizens’ Policyholders

Members of the board that oversees the Louisiana Citizens Property Insurance Corp. were primed for a discussion that nobody wanted to have.
March 21, 2023 Legislation & Regulation Property Louisiana

Documents Reveal Insurers Cut Down Independent Adjuster Estimates For Hurricane Ian Damages

Documents Reveal Insurers Cut Down Independent Adjuster Estimates For Hurricane Ian Damages

When insurance adjuster Jordan Lee entered the cream-colored house battered by Hurricane Ian, the smell from the rain-soaked carpet made it hard to breathe. Piles of pink insulation covered the worn, white couches, he recalled, and poured from the collapsed ceiling, left gaping from the storm's 150 mph winds
March 17, 2023 Property Florida
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