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Investigators Probe Source Of Devastating Colorado Wildfire

Investigators Probe Source Of Devastating Colorado Wildfire

Authorities in Colorado were searching for more answers Monday as they investigated what caused the destructive fire that torched scores of homes and displaced residents in the suburbs of Denver last week.
January 3, 2022 Property Colorado

Homeowners Premiums Rise Faster Than Inflation; Expect This To Continue

Homeowners Premiums Rise Faster Than Inflation; Expect This To Continue

Homeowners insurance premium rates are rising faster than inflation, S&P Global Market Intelligence data shows, and Triple-I’s chief insurance officer says they’re likely to keep climbing.
January 3, 2022 Property

Did A Recent Court Ruling Doom COVID Biz Interruption MDL?

Did A Recent Court Ruling Doom COVID Biz Interruption MDL?

Nearly 60 lawsuits against Society Insurance suffered a fatal blow this month when a federal appeals court tossed pandemic-related claims for business-income interruption benefits against four other insurance companies, Society’s lawyers at Crowell & Moring and Purcell & Wardrope said in a Monday-night filing in federal court in Chicago.
December 23, 2021 Litigation Property Illinois

Tornadoes Drive Insured Losses Over $105B This Year

Tornadoes Drive Insured Losses Over $105B This Year

Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and premiums should rise on worries that climate change will drive more severe weather.
December 22, 2021 Catastrophe Property

Weather Service Confirms Seven Tornadoes Touched Down In Minnesota

Weather Service Confirms Seven Tornadoes Touched Down In Minnesota

The National Weather Service says the tornado that caused major damage in the southern Minnesota community of Hartland on Wednesday night was an EF-2, with estimated peak wind speeds of 115 mph.
December 20, 2021 Property Iowa Minnesota Wisconsin

Cattle, Horses And Homes Lost In Kansas Wildfires

Cattle, Horses And Homes Lost In Kansas Wildfires

Officials say multiple homes and structures were destroyed by wildfires that scorched part of central Kansas.
December 17, 2021 Property Kansas

2022 Flood Risk For U.S. Commercial Structures: Potential $13.5B In Damages

2022 Flood Risk For U.S. Commercial Structures: Potential $13.5B In Damages

Pittsburgh is more than 200 miles (320 kilometers) from the nearest coast, yet its office and retail buildings face $420 million in exposure to flood damage, or the third-greatest of any city in the U.S., according to a report published Monday.
December 15, 2021 Catastrophe Property Florida Louisiana Massachusetts Pennsylvania Texas

Attempt To Remove Snakes Sets Maryland Mansion Ablaze

Attempt To Remove Snakes Sets Maryland Mansion Ablaze

A Montgomery County, Md. homeowner got more than they bargained for after attempting to smoke out some unwanted pests from their home.
December 14, 2021 Property Weird Maryland

Atmospheric River Flooding In British Columbia The Costliest Weather Event In Province’s History

Atmospheric River Flooding In British Columbia The Costliest Weather Event In Province’s History

It’s official — the massive flooding in southern British Columbia is the costliest severe weather event in the province’s history.
December 14, 2021 Catastrophe Property

Devastating, Rare December Tornado Outbreak Across Six States

Devastating, Rare December Tornado Outbreak Across Six States

One of the deadly tornadoes that erupted under the cloak of darkness overnight Friday into the early hours of Saturday, leaving at least 70 dead, may have set the record for the longest continuous tornado in American history.
December 12, 2021 Catastrophe Property Arkansas Kentucky Missouri Tennessee

Advanced Analytics Still A Priority For Re/insurers

Advanced Analytics Still A Priority For Re/insurers

A new study by broker Willis Towers Watson (WTW) has found that expanding and improving the use of advanced analytics in several aspects of operations remains high on North American property & casualty (P&C) insurers’ strategies.
December 10, 2021 Liability Property

Cause And Effect Of Construction Vibrations

Cause And Effect Of Construction Vibrations

In urban environments, heavy construction is conducted in close proximity to neighboring buildings and other structures. In such environments, construction-induced vibrations are one of the most commonly claimed causes of adjacent building damage.
December 10, 2021 Property

Montana Residents Lose Homes, Vehicles To Wildfires

Montana Residents Lose Homes, Vehicles To Wildfires

A late-season wildfire pushed by strong winds ripped through a tiny central Montana farming town overnight, burning several homes and grain elevators that had stood for more than a century, authorities said.
December 6, 2021 Auto Property Montana

Systemic Risk: Quats And Premature Failure In CPVC Pipes

Systemic Risk: Quats And Premature Failure In CPVC Pipes

This paper identifies a series of events leading up to a new cause of plumbing failures in CPVC pipe. The story demonstrates how unbalanced market forces can exacerbate a problem if information is too centralized and cannot reach solution providers in time.
December 1, 2021 Property

Record-Breaking 2021 Atlantic Hurricane Season Ends

Record-Breaking 2021 Atlantic Hurricane Season Ends

The 2021 Atlantic hurricane season officially ended Tuesday, going down in history as the first time that two consecutive seasons have exhausted the list of 21 English storm names.
November 30, 2021 Catastrophe Property
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