U.S. Overhauls Flood Insurance To Meet Rising Climate Change Risks
Frank Romero hasn’t faced a major flood in years but he nearly lost his home all the same - a victim of substantial insurance premiums for living in a designated risk area.
October 18, 2021
Property
Alisal Fire 41% Contained, 3 Homes Destroyed
Santa Barbara County Fire officials are continuing to fight the Alisal Fire in Santa Barbara County. The Alisal Fire is now 41% contained, fire officials reported Friday morning.<br /><br /><br /><br />Officials attribute the jump in containment to cooperative winds and the hard work of fire crews.<br /><br />Three homes and two outbuildings have been destroyed by the fire. In total, 439 buildings have been threatened by the Alisal Fire.<br /><br />1,731 personnel continue to fight the fire’s spread.
October 15, 2021
Property
California
Best Insurance Companies In America For 2022
Forbes has released its list of the Best Insurance Companies in America for 2022, which examined over 4,200 insurers but named only 90 on its list.
October 14, 2021
Auto
Liability
Property
Tenth Circuit Rules Against Insurer, Decides Appraisers Can Determine Causation
In the continuing saga of what can and cannot be appraised in a property insurance appraisal, the Tenth Circuit, in contrast to many other courts, has ruled appraisers can determine coverage issues.
October 13, 2021
Litigation
Property
Colorado
30 Structures Destroyed In Wind-Driven Fire At California Mobile Home Park
A fire burning in a mobile home park in the Delta town of Isleton destroyed 30 structures and threatens 20 more but is expected to be contained by Tuesday’s end, according to the River Delta Fire Protection District.
October 12, 2021
Property
California
Plane Crash In San Diego County Kills Two, Burns Homes
A twin-engine plane that killed at least two people and left a swath of destruction in a San Diego suburb nose-dived into the ground after repeated warnings that it was flying dangerously low, according to a recording.
October 12, 2021
Excess & Surplus Lines
Property
Subrogation
California
One Quarter Of Critical US Infrastructure At Risk Of Failure Due To Flooding
As a massive investment to repair roads and adapt to climate change faces an uncertain fate in Congress, a new report finds much of the country’s infrastructure is already at risk of being shut down by flooding.
October 11, 2021
Catastrophe
Property
Allstate To Sell Chicago Headquarters As Employees Work Remotely
With 95% of its employees working remotely during the pandemic, insurance giant Allstate is selling its longtime Northbrook, Ill. headquarters.
October 11, 2021
Auto
Liability
Property
Illinois
Why Insurers Will Turn To Sonic Branding
What makes a consumer choose a particular insurance product? The scope of the policy will certainly be important; the price, the recognizability of the brand and its perceived reputation will be factors, too.
October 8, 2021
Auto
Life & Health
Property
4 Die In Alabama Flooding As Rain Drenches Southeast
Days of torrential rainfall triggered widespread flooding across the Southeast, leaving at least four dead in Alabama, officials said, which has been hit particularly hard by the stormy pattern.
October 8, 2021
Auto
Property
Alabama
How Forensic Meteorologists And Structural Engineers Are Helping Insurers
Hurricane Ida made landfall on Sunday, Aug. 29, 2021, near Port Fourchon, Louisiana as a powerful Category 4 hurricane with maximum sustained winds of near 150 miles per hour. High winds, wind damage, storm-surge flooding, and flash floods occurred in many areas.
October 7, 2021
Catastrophe
Property
Shannen Doherty Prevails In $6.3M Lawsuit Against State Farm
A federal jury in Los Angeles awarded $6.3 million to actor Shannen Doherty on Monday in a lawsuit alleging that State Farm failed to pay sufficiently for damage to her house in a 2018 California wildfire.
October 5, 2021
Litigation
Property
California
Houston Businessman Ordered To Pay Almost $2M For Insurance Fraud
A Houston businessman has been sentenced to two years in federal prison and ordered to pay more than $1.8 million in restitution – nearly five times the money he collected in an insurance fraud scheme.
October 1, 2021
Fraud
Property
Texas
When Better Late Than Never Isn’t Good Enough
On September 27, 2021, Judge Jose Martinez of the U.S. District Court for the Southern District of Florida granted summary judgment in favor of Scottsdale Insurance Company in LMP Holdings Inc. v. Scottsdale Ins. Co., case no. 20-24099. The case arose out of a Hurricane Irma claim reported more than two years after the storm.
October 1, 2021
Litigation
Property
Florida
Over 110K Louisiana-Licensed Adjusters, But Many Policyholders Still Awaiting Initial Contact
Insurance adjusters in many cases are nearing the half-way point of the 60-day period when they must make initial contact with policy holders who have filed claims in the aftermath of Hurricane Ida.
September 30, 2021
Catastrophe
Property
Louisiana
