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Another One Bites The Dust: United P&C To Quit Florida, Louisiana, Texas And NY Homeowners Markets

Another One Bites The Dust: United P&C To Quit Florida, Louisiana, Texas And NY Homeowners Markets

St. Petersburg-based United Property & Casualty Insurance (United P&C) has filed plans to withdraw operations in Florida, Louisiana and Texas and intends to file a plan of withdrawal in New York, its parent company United Insurance Holdings Corp. (UPC) announced Thursday.
August 26, 2022 Insurance Industry Liability Property Florida Louisiana New York Texas

Texas Governor Declares Disaster For 23 Counties After Near-Record Rain, Flooding

Texas Governor Declares Disaster For 23 Counties After Near-Record Rain, Flooding

Gov. Greg Abbott signed a disaster declaration after Monday’s severe flooding, including Dallas County, as the region recovers from a storm event that flooded roads, submerged cars, delayed flights, left at least one person dead and more than 100 homes damaged.
August 23, 2022 Auto Property Texas

Massachusetts Boatyard Fire Torches Buildings, Cars, Boats

Massachusetts Boatyard Fire Torches Buildings, Cars, Boats

A huge fire at a marina in Mattapoisett, Massachusetts, on Friday left several boats and vehicles as burned-out shells and produced a plume of black smoke so thick it was picked up by weather radar.
August 22, 2022 Auto Marine Property Massachusetts

"Disturbing" Property Claims Tactics Surging In Louisiana

"Disturbing" Property Claims Tactics Surging In Louisiana

Market watchers and participants have noticed an uptick in new legal entrants and public adjusters entering Louisiana as firms look to grab a slice of the claims pie - and some are using ‘concerning’ tactics, industry insiders have warned.
August 19, 2022 Litigation Property Louisiana

As Policy Load Rises Steeply, Louisiana’s Insurer Of Last Resort Prepares For The Worst

As Policy Load Rises Steeply, Louisiana’s Insurer Of Last Resort Prepares For The Worst

Tens of thousands of homeowners and businesses have lost their property insurance coverage in the last year, following four major hurricanes, eight company failures and a dozen pullouts from the state’s increasingly dicey market. The shakeup has triggered a mass migration away from small private insurers.
August 18, 2022 Insurance Industry Property Louisiana

Forensic Meteorologists Bring Expertise To Major Flooding Claims

Forensic Meteorologists Bring Expertise To Major Flooding Claims

Floods are the nation’s most common and costly natural disaster, producing millions of dollars of destruction every year, and this year will be no exception. In just the last two weeks, there has been major flash flood events in St. Louis, Eastern Kentucky, parts of Virginia and West Virginia, and Death Valley.
August 15, 2022 Property

Large Hail Storm Causes Damage In Eastern Oregon

Large Hail Storm Causes Damage In Eastern Oregon

A thunderstorm rolled through northeastern Oregon on Thursday, dumping intense hail on parts of Wallowa and Union counties. In some areas, the hail was large and heavy enough to cause property damage.
August 12, 2022 Auto Property Oregon

House Explosion Kills 3 And Damages 39 Homes In Evansville, Indiana

House Explosion Kills 3 And Damages 39 Homes In Evansville, Indiana

Three people were killed Wednesday when a house exploded in the southern Indiana city of Evansville, authorities said.
August 11, 2022 Property Indiana

Crypto Risks Prompt Uptick In Insurance Exclusions

Crypto Risks Prompt Uptick In Insurance Exclusions

As the crypto market crashes, some insurance companies are stepping up efforts to exclude coverage for crypto-related risks under a range of insurance policies. But because crypto is still new, insurers are having a hard time defining and pricing the risk.
August 5, 2022 Excess & Surplus Lines Liability Property

Northern California Community Razed By McKinney Fire

Northern California Community Razed By McKinney Fire

A week ago, the scenic Northern California hamlet of Klamath River was home to about 200 people and had a community center, post office and a corner grocery store. Now, after a wildfire raged through the forested region near the Oregon state line, four people are dead and the store is among the few buildings not reduced to ashes.
August 4, 2022 Auto Property California Idaho Montana

GEICO Closes California Insurance Offices; Policies Can Only Be Bought Online

GEICO Closes California Insurance Offices; Policies Can Only Be Bought Online

GEICO has closed all of its 38 California agent offices that sell auto and homeowners policies and other lines and has also ended the practice of selling insurance through telephone agents in the state.
August 2, 2022 Auto Property California

State Of Emergency As Uncontrolled Wildfire Ravages Siskiyou County, California

State Of Emergency As Uncontrolled Wildfire Ravages Siskiyou County, California

A wildfire in Northern California that exploded in size over the weekend has killed at least two people, forced thousands to evacuate and grown into the state’s largest wildfire this year, with lightning Monday threatening its further expansion.
August 1, 2022 Auto Property California

Disastrous Floodwaters Hit Eastern Kentucky, Death Toll Expected to Rise

Disastrous Floodwaters Hit Eastern Kentucky, Death Toll Expected to Rise

At least 16 people are dead following catastrophic flooding in Kentucky, Gov. Andy Beshear said Friday. That number is expected to double and includes children, he told CNN earlier, as rescuers scramble to reach areas difficult to access.
July 29, 2022 Auto Property Kentucky

Effective Claims Resolution Starts Well Before Any Loss

Effective Claims Resolution Starts Well Before Any Loss

All carriers and brokers encourage their insureds to read and understand their policies. Claims resolution relies on all the work after that. At best, when a claim occurs it is swiftly paid and insureds understand their policy language and feel protected by it.
July 27, 2022 Insurance Industry Liability Litigation Property Workers' Compensation

Estimated $6M Property Loss From Balch Springs, Texas Grass Fire

Estimated $6M Property Loss From Balch Springs, Texas Grass Fire

The Balch Springs Fire Department has released more information about the grass fire that caught several homes on fire Monday afternoon. The grass fire was first reported to officials at 3:17 p.m. Monday. When fire officials responded, there were three acres on fire and winds were gusting between 15 and 20 MPH, causing the fire to spread quickly.
July 27, 2022 Property Texas
Aspen Claims ServiceMid-America Catastrophe ServicesHancock Claims ConsultantsU.S. Forensic