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San Clemente Apartments May Collapse Following Landslide

San Clemente Apartments May Collapse Following Landslide

Apartment buildings were evacuated Wednesday after a landslide in San Clemente that left the rear of the buildings on the verge of collapsing down a steep hillside.
March 16, 2023 Property California

Insurer Faces Class Action Over Depreciation Of Labor

Insurer Faces Class Action Over Depreciation Of Labor

An insurance company is being sued by customers who claim they were unpaid on claims because the carrier deducted labor depreciation from their payouts. Illinois residents Betty and Daniel Grawe filed a class action complaint against Trumbull Insurance Co. last month, claiming it shortchanged them on a property damage claim from May 2021.
March 15, 2023 Litigation Property

How Digital Twins Help On Climate

How Digital Twins Help On Climate

Digital twins help insurers leverage high-quality data to counter unpredictable weather conditions caused by climate change.
March 14, 2023 Property Risk Management Underwriting

Court Advances COVID Business Interruption Case For Sports Teams Owner

Court Advances COVID Business Interruption Case For Sports Teams Owner

A federal district court has refused to entirely dismiss COVID-19 business interruption litigation filed by the owner of several Washington, D.C., professional sports teams, based on its coverage's communicable disease provisions.
March 9, 2023 Litigation Property District Of Columbia

IoT Device Saves Homes, May Help Prevent Wildfires

IoT Device Saves Homes, May Help Prevent Wildfires

Internet of Things (IoT) technology offers homeowners the ability to predict and prevent costly damage to their dwellings and other property -- and it also may help head off devastating natural catastrophes.
March 9, 2023 Property Risk Management Technology

Homeowners Insurance Crisis: Will California Follow Florida And Louisiana?

Homeowners Insurance Crisis: Will California Follow Florida And Louisiana?

Louisiana and Florida area already scrambling to keep their industries alive, but is California next? As premiums have been rapidly climbing in various parts of the industry in California, experts are starting to wonder if it will be the next state facing a homeowners insurance crisis.
March 8, 2023 Property California

Insurer Loses Bid To Dismiss COVID Business Interruption Case

Insurer Loses Bid To Dismiss COVID Business Interruption Case

A federal district court has refused to dismiss COVID-19-related business interruption coverage litigation filed by a shopping mall owner against an American International Group Inc. unit, concluding that its policy's pollution and contamination exclusion is ambiguous.
March 8, 2023 Litigation Property California

E-Scooter Battery Explosion Sparks Fire In Bronx Market

E-Scooter Battery Explosion Sparks Fire In Bronx Market

Seven people were injured after an e-scooter battery exploded in the back of a Bronx supermarket Sunday morning, officials said.
March 6, 2023 Property New York

CAS Research Clarifies Role Of ‘Spatial Dependence’ In Flood Risk

CAS Research Clarifies Role Of ‘Spatial Dependence’ In Flood Risk

It may seem like a no-brainer to say geographies that are near each other share certain risks -- particularly when talking about flood risk, which doesn't respect artificial boundaries like ZIP Codes.
March 3, 2023 Property

Tornadoes, Gusty Winds Leave Damage Across Central US

Tornadoes, Gusty Winds Leave Damage Across Central US

Extensive damage has been reported in Texas, Oklahoma and Kansas after a line of severe thunderstorms spawned several tornadoes late Sunday night.
February 27, 2023 Auto Property Kansas Texas

The Three Personality Types Of Property Owners

The Three Personality Types Of Property Owners

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.
February 24, 2023 Insurance Industry Property

Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation

Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation

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.
February 21, 2023 Insurance Industry Property Florida

Improving Property Restoration Claims for Insurance Companies

Improving Property Restoration Claims for Insurance Companies

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.
February 20, 2023 Insurance Industry Property

California’s Recent Floods Prove We’re Not Prepared for What’s Coming

California’s Recent Floods Prove We’re Not Prepared for What’s Coming

As recent weather events in California demonstrate, most property owners should be doing much more to prepare for heavy rains and flooding.
February 20, 2023 Insurance Industry Property Risk Management California

Insurance Protection Gaps: Where Shall We Start?

Insurance Protection Gaps: Where Shall We Start?

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.
February 14, 2023 Catastrophe Insurance Industry Legislation & Regulation Property
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