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Dozens Of California Homes Razed By Oak Fire

Dozens Of California Homes Razed By Oak Fire

As damage assessment teams continue their work in the Oak Fire burn scare, the number of houses destroyed is going up.
July 27, 2022 Property California

Climate And Wildfire Risk: A Conversation With Dr. Craig Clements

Climate And Wildfire Risk: A Conversation With Dr. Craig Clements

‘Climate change has its fingerprints all over’ the increasingly costly wildfire activity we’ve seen in recent years, says Triple-I non-resident scholar Dr. Craig Clements, even though most fires are ignited by people.
July 26, 2022 Catastrophe Property California Oregon Texas Washington

Homes, Vehicles Flooded By Record Rainfall In St. Louis Area

Homes, Vehicles Flooded By Record Rainfall In St. Louis Area

Torrential and record-breaking rainfall caused widespread flash flooding in the St. Louis area Tuesday morning, trapping vehicles on streets, forcing rescues from homes and cars and spurring numerous road closures, including part of Interstate 70, officials said.
July 26, 2022 Auto Property Missouri

Colorado Sees Third-Highest Homeowners Premium Increase In America

Colorado Sees Third-Highest Homeowners Premium Increase In America

Craig Plazure and his wife, Morgan, describe themselves as two of the ‘lucky ones’ who were able to buy a home in Colorado in August 2021. But after settling down and having two children, the family is wondering how long they’ll be able to stay in Colorado because of their rising homeowners insurance premiums.
July 26, 2022 Property Colorado

New Mexico Property Insurance Rates Impacted By Wildfire Risk

New Mexico Property Insurance Rates Impacted By Wildfire Risk

All the smoke and fire year in and year out adds up to New Mexico having the nation’s 13th-highest home insurance rates, a new QuoteWizard study shows. The other 12 are all in Tornado Alley or prime hurricane territory.
July 25, 2022 Property New Mexico

In Wake Of Marshall Fire, Colorado Commissioner Considers State Insurance Fund

In Wake Of Marshall Fire, Colorado Commissioner Considers State Insurance Fund

As home insurers abandon California due to devastating wildfires, some worry Colorado could be next. "It’s something we need to be prepared for what the future could look like if we don’t help the market stabilize and keep insurance companies here," said Colorado Insurance Commissioner Mike Conway.
July 25, 2022 Insurance Industry Property Colorado

Missouri Takes A Stand On Depreciation

Missouri Takes A Stand On Depreciation

On June 28, the Missouri Court of Appeals upheld a lower court’s decision finding Lexington Insurance Company (‘Lexington’) breached its policy with homeowner Cynthia Franklin. Franklin’s home has sustained damage in a May 2016 storm for which she submitted a claim with Lexington.
July 22, 2022 Litigation Property Missouri

FEMA Report: Flood Insurance Hikes Will Drive 1M From Market

FEMA Report: Flood Insurance Hikes Will Drive 1M From Market

When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.
July 22, 2022 Property

Newly Litigated Florida Claims & AOB Percentage Of Them Rises

Newly Litigated Florida Claims & AOB Percentage Of Them Rises

The latest monthly data from CaseGlide shows a resurgence in newly litigated property insurance claims at Florida’s largest P&C insurers, while the percentage of litigated claims related to the assignment of benefits (AOB) rose further.
July 21, 2022 Litigation Property Florida

Trouble With California’s FAIR Plan

Trouble With California’s FAIR Plan

After the CZU Lightning Complex Fires ripped through the Santa Cruz Mountains in 2020, Sarah Mapel’s home was one of the few in her Boulder Creek neighborhood left standing.
July 20, 2022 Legislation & Regulation Property California

Mercury Unearths Fraudulent Smoke And Ash Damage Claims

Mercury Unearths Fraudulent Smoke And Ash Damage Claims

Mercury Insurance’s special investigations unit has discovered fraudulent claims reported for smoke and ash damage all filed by the same public adjuster.
July 19, 2022 Fraud Property

California’s ‘Insurer Of last Resort’ Accused Of Wrongly Denying Wildfire Claims

California’s ‘Insurer Of last Resort’ Accused Of Wrongly Denying Wildfire Claims

After the CZU Lightning Complex Fires ripped through the Santa Cruz Mountains in 2020, Sarah Mapel’s home was one of the few in her Boulder Creek neighborhood left standing. But after returning to the three-bedroom house built out of old-growth redwood, Mapel found wildfire smoke had inundated the interior and ruined most of her belongings.
July 15, 2022 Property

More Than 100,000 Without Power After Storm Sweeps Through Baltimore-Area Counties

More Than 100,000 Without Power After Storm Sweeps Through Baltimore-Area Counties

A severe thunderstorm knocked out power to more than 100,000 homes in Baltimore, Carroll and Harford counties Tuesday, according to Baltimore Gas and Electric.
July 13, 2022 Catastrophe Property Maryland

Ready To Take The Plunge?

Ready To Take The Plunge?

Are you a lifelong learner looking for a claims professional designation? Do you need professional development engagement? Are you ready to take the next step in your claims career?
July 7, 2022 Education & Training Excess & Surplus Lines Liability Property Workers' Compensation

At Least 150 Buildings Damaged By EF2 Tornado In Goshen, Ohio

At Least 150 Buildings Damaged By EF2 Tornado In Goshen, Ohio

A confirmed tornado, given a preliminary rating of EF2 on the Enhanced Fujita Scale, ripped through southwestern Ohio on Wednesday as severe thunderstorms rumbled through the region.
July 7, 2022 Property Ohio
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