property damage News

Claims Confirm Hundreds of Israeli Buildings Marred by Iran’s Attack

Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the most costly since the start …

The Problem(s) With Hail Claims – Part 3

Read the first part in this series, The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and Insurers, and the second part in this series, The Problem(s) With Hail Claims – Part 2. My previous two columns …

Vermont Seeks Federal Damage Assessment for Floods Caused by Hurricane Beryl’s Remnants

Vermont is seeking an assessment to determine whether last week’s flooding, which damaged homes, knocked down bridges and washed out roads, qualifies for a federal disaster declaration and aid. The flooding from the remnants of Hurricane Beryl happened a year …

The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and Insurers

Last year while I was out of town, a roofing company showed up at my home and told my wife there had been a hailstorm recently, so they were visiting impacted neighborhoods and providing free inspection services. She let them …

Climate Destruction Fuels Growing Sector of the US Economy

The cost of the climate crisis keeps going up. In terms of damage to the atmosphere and life on Earth, this may seem obvious. But the overall price tag of global warming has long been the subject of debate. Now, …

Viewpoint: Insurer Not Prejudiced Despite 4 Requests for Examination Under Oath

A claimant’s refusal to respond to four requests by her insurer to sit for an examination under oath was not enough to persuade a federal judge in Louisiana that she had forfeited coverage. After two hurricanes, plaintiff Diana Stevens-Reynolds sought …

More than 1.5 Million Dehumidifiers Under Recall After Fire Reports

NEW YORK (AP) — More than 1.5 million dehumidifiers are under recall following reports of nearly two dozen fires, according to the U.S. Consumer Product Safety Commission. The recall impacts 42 models of dehumidifiers sold under five brand names: Kenmore, …

Tornado in Alberta Wrecks Homes but Causes no Serious Injuries

DIDSBURY, Alberta (AP) – A tornado that struck near a town in the Canadian province of Alberta wrecked homes and killed livestock, but caused no serious injuries, authorities said Sunday. Environment and Climate Change Canada issued a warning at 1:50 …

Car Crashes into New Hampshire Restaurant, Injures Dozens, Pins Man in Bathroom

LACONIA, N.H. (AP) — A car crashed into a busy New Hampshire restaurant and injured more than a dozen patrons inside, authorities said. The vehicle struck the Looney Bin Bar & Grill a little after 12:40 p.m. Sunday and came …

Lightning to Blame for $952M in Homeowners Claims in 2022

Claims involving lightning in 2022 resulted in homeowners insurance payouts approaching $1 billion, according to the Insurance Information Institute. The total value of claims in 2022 attributable to lightning was $952 million, down from $1.3 billion in 2021, said Triple-I. …