commercial property damage News

Cracked Airport Columns Aren’t Insured Property Damage, Just Bad Product: Court

Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other insurers off …

Austin Halloween Insured Flood Losses Top $30M

Insured losses to residential and commercial property from flood waters which swamped Central Texas on the night of Halloween totaled $30,183,611, according to figures released by the Federal Emergency Management Agency (FEMA). The insured losses represent 584 homes and businesses …