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Fraud Wave Expected in Southwest Florida as Hurricane Money Arrives

Fraud Wave Expected in Southwest Florida as Hurricane Money Arrives

Kathryn Schweitzer worked recently in the yard in front of her small, yellow house in a North Port neighborhood where mildewing furniture, drywall and other personal belongings line the streets, the remains of destruction left behind by Hurricane Ian.
Schweitzer tries to shrug off the $8,000 she's paid so far "just to get the walls back" in her flood-damaged home, because "if you can't cry, you get to laugh."
November 8, 2022 Catastrophe Fraud Property Florida

Judge Suspects Texas Law Firm’s Quantity of Louisiana Hurricane Cases

Judge Suspects Texas Law Firm’s Quantity of Louisiana Hurricane Cases

In the weeks before the deadline to file insurance lawsuits related to Hurricane Laura, a Houston-based law firm filed over 1,400 cases at the Lake Charles federal courthouse.
November 8, 2022 Litigation Property Louisiana

Devastation After Deadly Tornado Outbreak In Texas, Oklahoma

Devastation After Deadly Tornado Outbreak In Texas, Oklahoma

New videos show scenes of devastation in the aftermath of powerful tornadoes that touched down in Texas, Oklahoma and Arkansas on Friday. At least eight tornadoes were confirmed by survey teams from the National Weather Service, and two of those have been rated an EF-3 with winds near 160 mph.
November 7, 2022 Auto Property Arkansas Oklahoma Texas

An Improbable Risk: Meteorite Destroys California Home

An Improbable Risk: Meteorite Destroys California Home

Northern California officials are looking into if the bright ball of light seen in the sky Friday night is a meteorite that landed on and destroyed a Nevada County home.
Witnesses came from all over the region following the path of the bright ball in the sky to see where it landed and that path might have led to Dustin Procita's home.
November 7, 2022 Property California

Sacramento Kings’ COVID Lawsuit Gets Go-Ahead From Court

Sacramento Kings’ COVID Lawsuit Gets Go-Ahead From Court

In a rare policyholder win, a federal district court has refused to dismiss COVID-19-related business litigation filed by the Sacramento Kings basketball team and its venue against FM Global.
November 3, 2022 Litigation Property California

Mondelez, Zurich Reach Settlement in $100M Cyberattack Lawsuit

Mondelez, Zurich Reach Settlement in $100M Cyberattack Lawsuit

Mondelez International and Zurich American Insurance reached a settlement late last week in their multi-year legal battle over the food company's $100 million claim regarding damage from the NotPetya cyberattack in 2017.
November 1, 2022 Excess & Surplus Lines Litigation Property

Damage Appraisal Method Leaves a Toilet Back-up Case Running

Damage Appraisal Method Leaves a Toilet Back-up Case Running

Did a toilet backup cause $35,700 worth of damage to the cell phone stock of a retail business, as argued by Gore Mutual, or $105,000, as the business owner claimed? Neither side agreed with the appraised value of the losses, which featured a controversial (but cost-efficient) sampling method to determine damage to the cell phone stock.
October 31, 2022 Litigation Property

2021 Colorado Wildfire Claims Exceed $2B

2021 Colorado Wildfire Claims Exceed $2B

A wildfire that destroyed nearly 1,100 homes and businesses in suburban Denver last winter caused more than $2 billion in losses, making it by far the costliest in Colorado history, the state insurance commissioner said.
October 28, 2022 Catastrophe Property Colorado

For Some New Jersey Homeowners, The Disaster of Hurricane Sandy Isn’t Over Yet

For Some New Jersey Homeowners, The Disaster of Hurricane Sandy Isn’t Over Yet

A decade after Sandy made landfall in New Jersey, Toms River resident Matt Rusinski has crossed more rebuilding thresholds than others displaced by the storm. He's back in his home, the repairs complete after he meticulously tracked evaluations from adjusters, estimates from architects and receipts from local and federal financial aid.
October 28, 2022 Property New Jersey

Implications of Covid on Insurance Coverage as it Relates to BI Claims and Force Majeure Clauses

Implications of Covid on Insurance Coverage as it Relates to BI Claims and Force Majeure Clauses

Perhaps since the very first executive order came out ordering businesses to close amid the early stages of the Covid-19 pandemic, attorneys have been holding their breath, waiting to see how Covid-19 would play out in terms of insurance coverage, especially as it relates to various policy provisions, including but certainly not limited to business interruption coverage claims.
October 27, 2022 Litigation Property

Number of Claims Filed For Hurricane Ian Near 475K

Number of Claims Filed For Hurricane Ian Near 475K

The National Insurance Crime Bureau (NICB) has issued an advisory that policyholders should be on the lookout for scammers, as the number of insurance claims filed related to Hurricane Ian hits nearly half a million.
October 26, 2022 Catastrophe Fraud Property Florida

Western Wildfires are Making Far Away Storms More Dangerous

Western Wildfires are Making Far Away Storms More Dangerous

In late July of 2018, massive wildfires blazed across Northern California. At the same time in Colorado, weather alerts went out warning of heavy thunderstorms and baseball-sized hail. The two disasters were separated by a thousand miles, but scientists are now finding they're connected.
October 24, 2022 Auto Catastrophe Property

California Tells Insurers to Reward Wildfire-Resilient Homes

California Tells Insurers to Reward Wildfire-Resilient Homes

Wildfire-savvy homeowners in California soon will pay lower insurance rates for taking steps to protect their properties from infernos made worse by climate change.
October 18, 2022 Legislation & Regulation Property

Hurricane Ian’s Storm Surge Reached 15 Feet at Fort Myers Beach

Hurricane Ian’s Storm Surge Reached 15 Feet at Fort Myers Beach

Preliminary analysis of Hurricane Ian's deadly storm surge suggests the Gulf of Mexico pushed as high as 15 feet above normally dry ground on Fort Myers Beach as it made landfall, the National Hurricane Center said Thursday.
October 14, 2022 Auto Catastrophe Property Florida

New Program Aims to Save Money -- And The Environment -- Through Claims

New Program Aims to Save Money -- And The Environment -- Through Claims

A new claims solution may help carriers save costs during the claims process while also saving the environment.
October 14, 2022 Insurance Industry Property
Aspen Claims ServiceOmega Forensic Engineering, IncSeekNowWeller Salvage