Property Insurance Claims News (Page 95)

New Orleans Launches Program To Pay Insurance Deductibles For Some Residents With Ida Damage

New Orleans residents who are facing daunting homeowners insurance deductibles that could keep them from repairing damage Hurricane Ida caused to their homes can apply for assistance through an unprecedented program the city is launching to keep people from being displaced by the storm.

September 30, 2021 Catastrophe Property Louisiana

Crawford Executive Named Woman Of The Year At Global Business Awards

Crawford & Company, the world’s largest publicly listed independent provider of claims management and outsourcing services to carriers, brokers and corporations, has announced that Marie Velez, vice president of finance at Crawford & Company in Latin America, has been named Woman of the Year at the Stevie International Business Awards.

September 24, 2021 Auto Catastrophe Excess & Surplus Lines Liability Property

Ida Flooding In Northeast Plagues Residents With Insurance Woes

After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are now swamped with financial losses because they didn’t have flood insurance.<br /><br />Most of those caught off guard by the intense downpours from the remnants of Hurricane Ida and Tropical Storm Henri lived in areas outside of coastal floodplains, making flood insurance an afterthought for most of the working-class families whose neighborhoods were among the hardest hit.<br /><br />"When we called the insurance company, the first thing they told us is that they don’t provide any assistance for anything that’s caused by a storm. And they left it at that," Amit Shivprasad said, his rising voice echoing frustrations shared among his neighbors in the Jamaica section of Queens.

September 24, 2021 Catastrophe Property New Jersey New York

No Bad Faith When Insurer Relied On Opinion Of Independent Consultant

The Court of Appeals of Georgia recently held that an insurer’s reliance on the report of an independent consultant creates a presumption that it did not act in bad faith in denying coverage.

September 21, 2021 Litigation Property

State Farm To Deploy Quadruped Robot For Claims, Inspections

A robotic insurance adjuster? Woodland Hills-based Farmers Insurance announced on Monday, Sept. 20, that the company will soon deploy ‘Spot,’ a robot, to assist with catastrophe claims and property inspections.

September 21, 2021 Catastrophe Property

Hurricane Nicholas Insured Loss Around $950M: KCC

The insurance and reinsurance market loss from recent hurricane Nicholas is estimated to be around US $950 million, according to modelling analysis undertaken by catastrophe risk specialist Karen Clark & Company.

September 20, 2021 Auto Catastrophe Property Louisiana Texas

Flying High With Drones, From Pre-Loss Risk Assessment To CAT Response

By 2022, 2.85 million small drones will be flying the friendly skies, according to projections by the Federal Aviation Administration.

September 20, 2021 Catastrophe Property Technology Underwriting

Ski Resorts Operator Sues Insurer Over $200M In Denied COVID Losses Claims

When viruses shut down ski operations at Canadian Mountain Holidays and Ontario’s Blue Mountain Resort in 2015 and 2018, Lexington Insurance Co. paid the resort owners $200,000 in business interruption claims.

September 20, 2021 Litigation Property Colorado

Prepare To Fight For Storm Compensation Claims, Louisiana Insurance Commissioner Says

Louisiana Insurance Commissioner Jim Donelon said Wednesday that policyholders who were affected by Hurricane Ida and Tropical Storm Nicholas - and who might have to weather more storms before this year’s hurricane season ends - should file claims early and be prepared to fight for them.

September 17, 2021 Property Louisiana