
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
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
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
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

Best Of Both: Bundling Parametric, Indemnity
Parametric insurance is often bought as a complement to indemnity insurance, but newly announced hybrid products combining parametric and indemnity insurance in the same policy will launch in 2022. These hybrid products, which represent a big shift in how parametric insurance is being sold, will be judged on uptake and effectiveness in paying out.
February 2, 2022
Property
About 40 Vehicles Damaged By Snow Plow Activity On Ohio Turnpike
About 40 vehicles were damaged Sunday when a snow plow tossed slush onto the opposite side of the Ohio Turnpike near Sandusky, the State Highway Patrol said.
January 26, 2022
Auto
Property
Ohio

Root Layoffs Part Of A Company Revamp
Root Insurance is targeting its claims and sales departments as part of an increasingly aggressive effort to improve its struggling fortunes.
January 25, 2022
Auto
Property
Technology
Closely Built Homes Helped Marshall Firestorm Spread
Too many houses built too close together on the tinder-dry high plains between Denver and Boulder led to the record Marshall firestorm losses topping $1 billion, insurance industry researchers found this week as they sifted through ashes and charred ruins.
January 17, 2022
Catastrophe
Property
Colorado
Multiple Tornadoes Leave Damage In Southwest Florida
At least 5 tornadoes caused damage across Southwest Florida, including the strongest one in the state since 2016, as a powerful cold front blew through the area Sunday morning.
January 17, 2022
Auto
Property
Florida
Demand Surge, Inflation To Increase Colorado Wildfire Losses
AM Best has warned that demand surge and inflation will amplify losses related to the December 30th, 2021, late-season Marshall Fire in Boulder County, Colorado, which destroyed more than 1,000 structures.
January 13, 2022
Catastrophe
Property
Colorado

Flood Survivors Petition Congress To Change The Game, Revamp NFIP
With towns and cities across the US increasingly deluged by ferocious storms and rising sea levels, a group of disaster survivors has pleaded with the federal government to overhaul a flood insurance system they say is ill-equipped for an era of climate crisis.
January 12, 2022
Legislation & Regulation
Property

Florida Legislators Aim To Decrease Citizens’ Policyholders
The state-backed Citizens Property Insurance Corp. continued to add thousands of policies a week in December, while new legislative proposals would try to steer more homeowners into the private insurance market.
January 12, 2022
Legislation & Regulation
Property
Florida

APCIA Lists Priorities For Florida’s Insurance Industry
The American Property Casualty Insurance Association has unveiled its legislative priorities for the 2022 Session.
January 11, 2022
Auto
Legislation & Regulation
Litigation
Property
Florida
Malfunctioning Space Heater Blamed In Bronx Fire That Killed 19
New York City Fire Commissioner Dan Nigro said a malfunctioning electric space heater caused the Bronx apartment fire that killed 19 people, including nine children, and injured dozens of others Sunday morning.
January 10, 2022
Property
Subrogation
New York
A Charging Lithium-ion Battery Was Ignition Source Of Bronx Fire
A lithium-ion battery in an electric bike or scooter self-combusted in a Bronx apartment building, sparking a four-alarm fire early Saturday morning, according to the Fire Department of New York (FDNY).
January 10, 2022
Property
Subrogation
New York



