It remains one of the most difficult issues to deal within the world of property insurance. Homeowners’ insurance policies usually contain a provision obligating the carrier to repair or replace an insured’s damaged property with “material of like kind and quality” or with “similar material.”
Nearly 15,000 trucks manufactured by Paccar, Daimler and Autocar are being recalled for various defects, according to recent documents from the National Highway Traffic Safety Administration.
Natural disasters, fueled at least in part by climate change, cost the United States $91 billion in 2018, according to the National Oceanic and Atmospheric Administration.
Atrium Health, previously Carolinas HealthCare System, said on Tuesday data of about 2.65 million patients including addresses, dates of birth and social security numbers may have been compromised in a breach at its third-party provider AccuDoc Solutions.
As a crowded group of Clemson University students and local residents danced and jumped around at an apartment clubhouse late Saturday night, Jeremy Tester felt something strange beneath his feet.
U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.
Mexico Beach, Florida, is not just destroyed. For the most part, it’s not there anymore.<br />From a helicopter, you can see many of the homes and hotels that populated this beachside town of about 1,200 are gone. A few houses and other structures remain standing, but they’re the exceptions.
Much of the damage to homes from Hurricane Michael will be paid by an array of small, little-known insurers, backed up by larger reinsurance companies around the globe.<br />Florida is an oddball insurance market for homeowners, where household-name companies like State Farm and Allstate Corp. don’t have the outsize roles they do in other states.
Hurricane Michael’s torrential rain, storm surge, and hurricane-force maximum sustained winds that reached 140 miles per hour Wednesday could result in a historically devastating event for the northeastern Gulf Coast, according to A.M. Best.
At the headquarters for the Federal Emergency Management Agency (FEMA), a few hundred people are already coordinating the response to Hurricane Michael.<br />"It’s doing exactly what the forecasters were pushing forward — storm surges, you’re seeing the ocean rise," said FEMA Administrator Brock Long.
The remnants of Hurricane Michael — the most powerful storm on record to strike Florida’s Panhandle — swept through Georgia on Thursday on a path toward the Carolinas after leaving widespread destruction and at least two deaths in its wake.
In little more than a day, a Category 1 storm became a “worst-case scenario” Category 4. The already bad 2018 hurricane season has gotten even worse.<br />On Wednesday afternoon, Hurricane Michael became the second major storm to make landfall this year. Michael is an incredibly dangerous, history-making storm, bringing catastrophic high winds and deadly storm surge to Florida’s Panhandle.
Hurricane Michael made landfall Wednesday on the Florida Panhandle with winds of 155 miles per hour. A hurricane reaches Category 5 status when winds reach 157 miles per hour.
