German Floods Show Climate Change Challenge for Homeowners Insurers
Analysts at Moody’s have labelled the recent catastrophic flooding in Germany as a ‘consequence of climate change,’ and warned that German insurers could find it challenging to protect homeowners against climate risk in future without significant price increases.
July 22, 2021
Catastrophe
Property
Judge Rules California Can Expand Insurance for Wildfire Areas
A judge ruled California’s insurance commissioner can order the ‘insurer of last resort’ to offer more options for homeowners who live in wildfire-prone areas and can’t buy traditional coverage.
July 21, 2021
Legislation & Regulation
Property
California
Insurer Settles Claim More Than a Year After the Homeowner Files
A long driveway takes you up to the red brick house with an expansive front porch and giant white pillars. Once inside, a grand foyer and stairs lead you up or down.
July 21, 2021
Property
North Carolina
Gas Explosion Levels Texas Home, Damages Others
An explosion that left six people injured and destroyed a house in Plano, Texas, on Monday was likely caused by a gas leak, officials said.<br /><br />The leak was isolated to the home on Cleveland Drive, which was leveled, according to Plano Fire-Rescue. The explosion also damaged other houses, but no other homes were in danger after the blast.<br /><br />Helicopter news video showed debris scattered over the neighborhood after the explosion at 4:40 p.m. Monday.<br /><br />Six people were taken to hospitals — one who was inside the house that exploded and five from a home next door — the fire department said.<br /><br />Three of the injured were transported to a children’s hospital, officials said. The ages of those hurt were not immediately available.
July 20, 2021
Property
Subrogation
Texas
Erratic Oregon Wildfire Destroys Dozens of Homes, Expands
Firefighters scrambled Friday to control a raging inferno in southeastern Oregon that’s spreading miles a day in windy conditions, one of numerous wildfires across the U.S. West that are straining resources.
July 16, 2021
Property
Oregon
Judge Blocks Key Portion of Florida Property Insurance Law
A federal judge has blocked the state from enforcing a key part of a new property-insurance law designed to combat fraud that prohibits roofing contractors advertising to potential customers.
July 14, 2021
Legislation & Regulation
Property
Florida
More Than 60 Wildfires in the U.S., Bootleg Fire in Oregon the Largest
The Bootleg Fire, a fast-moving wildfire in southern Oregon, has burned more than 200,000 acres, making it the largest of dozens of blazes across the United States, officials said Tuesday.
July 14, 2021
Auto
Property
Arizona
California
Idaho
Montana
Oregon
US Insured Losses From Hurricane Elsa Estimated at $240M
The insured loss to onshore properties from Hurricane Elsa will be around $290 million -- $240 million in the US and $50 million in the Caribbean, according to catastrophe modeling firm Karen Clark & Company (KCC).
July 13, 2021
Auto
Property
Florida
Georgia
New York
More Homes Destroyed as California Hit by Record-Breaking Wildfires
California is off to another record-breaking year of wildfires as the state enters its most dangerous months, with extreme heat and dry terrain creating the conditions for rapid spread.
July 12, 2021
Property
California
Progressive Hiring Nearly 3000 for Claims Positions Nationwide
Progressive Insurance announced it plans to hire over 6,000 new employees across the nation and some of the openings are in the Cleveland area.
July 8, 2021
Auto
Catastrophe
Education & Training
Liability
Property
Tropical Storm Elsa is Making Landfall on North Florida’s Gulf Coast
Tropical Storm Elsa is making landfall along northern Florida’s Gulf Coast, in Taylor County, the National Hurricane Center said.
July 7, 2021
Property
Florida
Georgia
South Carolina
Gas Explosion in Detroit Metro Area Causes Major Damage to Condo Complex
Officials are investigating whether a natural or man-made gas leak led to a massive explosion that heavily damaged a Warren condominium complex, displaced a dozen families and claimed the life of one resident on July 4.
July 6, 2021
Property
Subrogation
Michigan
Elsa Becomes First Hurricane of the Season
Hurricane Elsa strengthened significantly Friday morning, becoming the first hurricane of the 2021 season.
July 2, 2021
Property
Florida
Tropical Storm Elsa on Track to Florida
Tropical Storm Elsa has formed above South America and is tracking quickly toward the eastern Caribbean, and is slated to move up toward the Florida Peninsula by early next week.
July 1, 2021
Property
Florida
Entire British Columbia Village on Fire After Record 121-degree Temperature
Following almost a full week of record-breaking, deadly heat, a community at the epicenter of the worst conditions now has a new tragedy to overcome.
July 1, 2021
Property
