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NWS Confirms EF-4 Tornado Struck Central Iowa, Six Fatalities

NWS Confirms EF-4 Tornado Struck Central Iowa, Six Fatalities

An EF-4 tornado hit Winterset before continuing on to Norwalk, Pleasant Hill and Newton among other central Iowa communities on Saturday afternoon, the National Weather Service confirmed.
March 7, 2022 Property Iowa

Florida Panhandle Wildfires Burn Thousands Of Acres

Florida Panhandle Wildfires Burn Thousands Of Acres

With nearly 1,100 homes evacuated, firefighting crews continue to battle several dangerous wildfires across three counties in the Florida Panhandle, officials said.
March 7, 2022 Property Florida

FEMA Maps Hugely Underestimate US Flood Damage Risk

FEMA Maps Hugely Underestimate US Flood Damage Risk

Researchers have used artificial intelligence to predict where flood damage is likely to happen in the continental United States. The findings suggest that recent flood maps from the Federal Emergency Management Agency do not capture the full extent of flood risk.
March 3, 2022 Catastrophe Property District Of Columbia Florida Louisiana Missouri North Carolina

Tampa Insurance Startup Takes Over $400M In Premiums From Downgraded Insurer

Tampa Insurance Startup Takes Over $400M In Premiums From Downgraded Insurer

The Tampa insurance startup Slide is acquiring $400 million in premiums from St. Johns Insurance Co., adding coverage to an estimated 150,000 policyholders, the company announced Tuesday.
March 3, 2022 Property Florida

Insurers Pay When Gamers Play

Insurers Pay When Gamers Play

The virtual reality gaming trend is getting real when it comes to homeowner’s insurance claims, with insurers saying popular virtual reality headsets are the cause of a 31% surge in claims.
March 2, 2022 Property

California Insurance Commissioner Demands Insurers Cut Rates For Wildfire Retrofits

California Insurance Commissioner Demands Insurers Cut Rates For Wildfire Retrofits

As an insurance crisis persists in California wildfire country, state regulators are preparing to order companies to offer discounts to homeowners who install double-pane windows, fire-safe roofs or take other steps to reduce the danger to properties.
March 1, 2022 Legislation & Regulation Property California

14.5M+ Homes Impacted by 2021’s Nat Cat Events

14.5M+ Homes Impacted by 2021’s Nat Cat Events

Analysts at CoreLogic, a global provider of property information, analytics, and data-enabled solutions, have released a new report which reveals that over 14.5 million single and multifamily homes were impacted by the largest natural catastrophe events of 2021, with an estimated $56.92 billion in property damage.
February 22, 2022 Catastrophe Property

Order Out of Chaos

Order Out of Chaos

Insurance claims resulting from catastrophic weather are at an all-time high. Events such as wildfires, hurricanes, and floods caused 39% of home insurance claims in 2020. In 2021, the trend continued.
February 21, 2022 Litigation Property

Unusual Winter Fires In Southern California Burn Several Homes, Spur Evacuations

Unusual Winter Fires In Southern California Burn Several Homes, Spur Evacuations

A pair of unusual winter wildfires in Southern California on Thursday burned several homes, spurred evacuations and closed a portion of the iconic Pacific Coast Highway. The two fires, one near Los Angeles and the other farther south near Laguna Beach, spread amid fierce winds, along with a continued drought and weather conditions that felt more like summer than winter, furthering fears that fire has become a year-round threat in the state.
February 11, 2022 Property California

Progressive Dropping Coverage For 56,000 Florida Homes

Progressive Dropping Coverage For 56,000 Florida Homes

Progressive Insurance has announced that it is dropping some 56,000 homeowners’ insurance policies in Florida, in response to the surge in litigated claims and costs in the state. Specifically, the insurer is not renewing coverage for homes with roofs older than 15 years.
February 10, 2022 Property Florida

Fire Rages Through Luxury Apartments Under Construction In Oklahoma City

Fire Rages Through Luxury Apartments Under Construction In Oklahoma City

Oklahoma City firefighters battled a large commercial fire at NW 63 and Western Tuesday night and into Wednesday. OKCFD Chief Benny Fulkerson said the structure was a large under-construction apartment complex.
February 9, 2022 Excess & Surplus Lines Property Oklahoma

Fifth Circuit Applies Narrow Interpretation Of Policy To Limit Coverage For Hurricane Harvey Loss

Fifth Circuit Applies Narrow Interpretation Of Policy To Limit Coverage For Hurricane Harvey Loss

Landmark American Insurance Co. v. SCD Memorial Place II, L.L. C., No. 20-20389 (5th Cir. Feb. 3, 2022), involves whether an insurance policy covered flood-related damage sustained by a building during Hurricane Harvey. The district court determined that the policy provided coverage and granted summary judgment in favor of the insured.
February 9, 2022 Litigation Property

Concert Promoter’s COVID BI Suit Allowed To Proceed

Concert Promoter’s COVID BI Suit Allowed To Proceed

A federal district court in California has refused to dismiss COVID-19 business interruption coverage filed by a concert promoter against Factory Mutual Insurance Co.
February 7, 2022 Litigation Property California

Colorado Lawmakers Propose Raising Initial Payouts For Disaster Victims

Colorado Lawmakers Propose Raising Initial Payouts For Disaster Victims

When wildfire struck Grand County, Marjorie Cranston and her husband lost their home of 15 years. The loss was hard enough, Cranston said, without spending months scouring her brain to remember every single item lost in the flames.
February 7, 2022 Legislation & Regulation Property Colorado

Love At First Loss

Love At First Loss

If you ever find yourself in a room of claims and litigation professionals and need a good icebreaker, be sure to ask the person closest to you this question: Did you find the industry, or did the industry find you?
February 3, 2022 Auto Liability Property Workers' Compensation
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