Parametric flood insurer FloodFlash has announced that it has entered into the US insurance market.

Louisiana State Police arrested an insurance adjuster Thursday on charges of pocketing more than $592,000 that he obtained on behalf of seven Hurricane Ida victims in Orleans, St. Charles, St. John the Baptist and Tangipahoa parishes.

Allstate alleged that the property damage was not covered as a "collapse" and was excluded from coverage because it resulted from faulty construction and maintenance. The trial court granted summary judgment dismissing Windcrest's claims. Windcrest appealed.

At least seven people, including a child, were killed Thursday as severe storms swept across the South, where ferocious winds sent residents running for cover, blew roofs off homes and knocked out power to thousands.

Florida's insurer of last resort, Citizens Property Insurance Corps., predicts to hit a record with nearly 2 million policyholders by the end of 2023, citing 'continued instability' in the state's insurance market.

Chuck Hawley stared out at the waves swirling through Monterey Bay as he prepared to destroy the small beachfront home his parents built by hand in 1957. He had no choice: Storm-fueled waves in the region, just east of Santa Cruz, had torn the 1,100-square-foot house off its foundations and floated it 30 feet into the street.

Insured damages from Hurricane Fiona are now estimated at over $800 million, according to Catastrophe Indices and Quantification Inc. (CatIQ), as it remains the most costly extreme weather event ever recorded in Atlantic Canada.

The US state of California is already facing flooding after torrential rains triggered by a first atmospheric river event that has driven storms and rainfall in from the Pacific, but forecasters are saying another 'brutal' period of wind and rain is expected to begin from Wednesday that could exacerbate the potential insurance market loss situation.

A possible tornado struck neighborhoods in east Montgomery before dawn Wednesday, damaging homes, ripping down trees, and tossing vehicles.

Sate lawmakers are preparing to introduce a bill in the legislature that would create a quasi-governmental program offering basic home insurance to the growing number of Colorado homeowners who say they can't get coverage from private companies because the risk of wildfire is growing.

Every federal appellate court to consider the question so far has ruled that commercial all-risk property insurance policies do not cover income lost due to the Covid-19 pandemic, but policyholders' lawyers say the fight is just getting started on the battlegrounds that matter the most: the state supreme courts.

Global insurers and reinsurers look set to incur costs stretching into the multi-billion-dollar range from the ongoing winter storm and severe cold weather impacting the United States and Canada.

If it weren't for a healthy savings account, Rosanna 'Roshi' Mason might still be living in a cramped disaster relief trailer in her front yard with her husband and two kids. Maison Insurance Co. was supposed to pay for the damage to their home in LaPlace, but the insurer went belly-up and was taken over by the state.

Supply chain problems aren't going away any time soon for insurance adjusters. Home improvement retailers and warehouses have been plagued by empty shelves since the first year of the COVID-19 pandemic. And goods scarcities for everything from lumber to La-Z-Boys have driven cost increases that make home insurance claims settlements more expensive.

'It's going to take a while, in terms of the supply chain getting back to what the demand is,' said Janak Lally, assistant vice president at ClaimsPro â€" BC Lower Mainland & Interior. 'You're waiting on products for a long time.'

Lately, that's been particularly true for home appliances â€" which makes adjusters' jobs harder if they're trying to control costs while getting clients' lives back to normal following NatCats or other events where homeowners experience contents losses.

It's the first victory of its kind against an insurance company that refused to pay a COVID claim in California. John's Grill, one of San Francisco's oldest restaurants, has settled its lawsuit against the Hartford group. The payout is said to be in the millions.