Property Insurance Claims News (Page 93)

Trio Of First-Ever November Tornadoes Leave LI Families Floundering

Not one, not two, but three tornadoes touched down on Long Island Saturday in a first for Nassau and Suffolk counties, which have no records of a tornado striking in November.

November 15, 2021 Property Connecticut New York

California’s Huge Property Insurance Market Hard For Carriers To Ignore

Two of California’s worst wildfires in 2018 cost Allstate Corp. a half-billion dollars, but the insurance conglomerate was able to give investors some reassuring news: It had already shrunk its footprint in California by half, creating a buffer of sorts against future losses.

November 9, 2021 Legislation & Regulation Property California

Top Ten CAT Claims Handlers In The U.S.

Catastrophe insurance plays a vital role in helping protect businesses and households from financial losses incurred from natural calamities, including earthquakes, floods, hurricanes, and wildfires, as well as man-made disasters such as explosions and terrorist attacks.

November 4, 2021 Catastrophe Property

Extreme Weather, COVID, Home Claims

In 2020, catastrophic weather, including severe wildfires, seven major hurricanes and a destructive derecho drove the proportion of catastrophe losses up 40% from 2019.

November 3, 2021 Catastrophe Property Underwriting

Climate Change: 4 Cities In The United States That Could Disappear

Climate change does not stop being a threat to major cities in the United States. Scientists around the world have already warned that if a series of actions are not taken into account to reduce the burning of fossil fuels by the year 2100, the planet will face a sea Ã¢â‚¬,Ã¢â‚¬,level rise between 4.3 and 9.9 meters.

November 3, 2021 Catastrophe Property Florida Massachusetts New York

FEMA Trailers Slow To Reach Hurricane Ida Victims

Thousands of Louisianans seeking federally provided travel-trailers may have to wait months longer, FEMA’s top official said Monday. The Federal Emergency Management Administration has identified about 3,000 people who will qualify to get the trailers, Administrator Deanne Criswell said.

November 2, 2021 Catastrophe Property Louisiana

Warm Pacific May Have Led To Near-Record Tornado Month

The contiguous United States has seen a near-record number of tornadoes spawn this October -- and the reason may stem from an "unusual event" that occurred in the Pacific Ocean.

November 1, 2021 Education & Training Property

Climate Change Driving Up Home Insurance Claims, Rates

As the changing climate makes extreme weather more common, more and more people are dealing with damage to their homes and property. That’s what insurance is for, right?

November 1, 2021 Property

Road Lifting, Due to Sea Rise, Prompts Lawsuits Over Flooded Miami Beach Homes

The constant complaints that Miami Beach, Florida’s plans to raise roads in the face of sea rise would flood nearby homes has finally resulted in lawsuits.

October 29, 2021 Property Florida

Catastrophic Weather Caused 39% Of All Home Insurance Claims In 2020

The sixth iteration of LexisNexis’s annual ‘Home Trends Report’ paints a troubling picture for the US homeowners’ insurance market, thanks to worsening catastrophic events.

October 27, 2021 Catastrophe Property

Home Insurance Sees Rumblings Of Big Rate Hikes

This has been a rough year for homeowners. An ice storm in the Plains states left millions with burst water pipes and without power. California is dealing with a drought that will only create more tinder for its already epic wildfires.

October 26, 2021 Catastrophe Property

Home Insurance Costs Spike After Lawsuits

Home insurance costs rise an average of 21% after a lawsuit, according to a new study by ValuePenguin. However, while home insurance rates increase on average after personal liability claims in every state, the amount premiums jump varies by location.

October 25, 2021 Liability Property