Although the claims adjusting profession has undergone a lot of change over the last decade, last year was unlike any other, CRU Group executive vice president Skip McHardy said during a recent web conference.

Consider the multi-million-dollar settlements for stucco claims in recent memory from homebuilders such as DR Horton, Pulte Group, and KB Home. Claim value, claim frequency, and settlement demands around stucco continue to rise.

From shortages of personal protective equipment to checking employees’ temperatures, to sending staff to work at home for an unspecified time frame, the COVID-19 pandemic has presented challenges for businesses that once seemed unimaginable.

A decade after a devastating magnitude-9.0 earthquake struck Japan, the U.S. remains largely uninsured against this natural disaster, according to the Insurance Information Institute (Triple-I).

A crystal ball didn’t predict a fire in Wisconsin — but it did start one.

A record-breaking natural disaster, Winter Storm Uri, is slated to result in the largest amount of insurance claims in Texas history from a single event. The winter storm swept through the state causing widespread power outages, water shortages, frozen pipes that burst and flooded buildings, snow or ice damage to buildings, fires, car accidents and deaths.

The mayor of Maui has asked some residents to evacuate and others to shelter in place due to flooding that threatened to cause a dam failure earlier Monday and has already damaged or destroyed at least half a dozen homes.

In a recent statement from the company, GEICO shared data showing that its collision claim frequency fell by ‘twenty-three to twenty-four percent’ and property damage dropped by even more.

The US averages over 1,150 tornadoes every year. That’s more than any other country. In fact, it’s more than Canada, Australia and all European countries combined.

The first estimates of losses for the Texas deep freeze event, which resulted in burst pipes, widespread blackouts, and water shortages, have arrived – and they’re not pretty.

Nearly two-and-a-half years after recreational marijuana was legalized in Canada, the country’s P&C insurance industry is starting to get a sense of the type of claims arising from the October 2018 legalization.

Officials in Kentucky said flooding that inundated homes and businesses has reached historic levels in some areas.

Last month’s winter storm that left dozens of Texans dead, millions without power, and nearly 15 million with water issues could wind up being the costliest disaster in state history.

As Texas begins to thaw out from single-digit temperatures, the state is facing the specter of water damage caused by frozen and burst pipes.

Coverage litigation arising from Winter Storm Uri’s impact on Texas is likely to be significant, due to the vast number of businesses hit both within the state and beyond, legal experts say.