property damage News

Alaska City Faces Another Suit Related to 2015 Landslide

The city of Sitka, Alaska, has been added as a defendant in a lawsuit brought by a woman whose home was destroyed in a deadly landslide. Christine McGraw filed the lawsuit against Sound Development LLC, the company she purchased her …

Damage, Deaths Amid Winter Tornadoes and Storms in South

Bridgit Simmons and her family had heard storm warnings all day Sunday, but that afternoon it all happened so fast as storms that killed at least 18 over the weekend moved across the Deep South. She along with her parents, …

One Utah City’s Home Values Fall Due to Sinking Foundations

Retirees Karen and Richard Bennett were supposed to pay off their Woods Cross, Utah, home by 2013. Instead, they had to take out a $133,000 home equity loan that year to help pay for repairs caused by their home sinking …

Recovery Slow but Steady After Illinois Town Blast Last Month

Shirley Franzoni started a candle business 40 years ago in a residential basement. Not long after a natural gas explosion last month devastated downtown Canton, including her complex of retail and wholesale establishments, Franzoni appeared ready to return to the …

No CGL Coverage for Building Contractor’s Shoddy Workmanship Causing Damage to the Work Itself

In a decision filed November 18, 2016, Arkansas U. S. district judge Susan Webber Wright, the same jurist who in 1998 handed a defeat to Paula Jones in her sexual harassment lawsuit against then President Bill Clinton, dealt this time …

I.I.I.: 2016 Atlantic Hurricane Season Most Active in 4 Years

The 2016 Atlantic hurricane season concluded yesterday with 15 named storms generating seven hurricanes, three of which were considered major ones, according to the Insurance Information Institute (I.I.I.). The National Oceanic and Atmospheric Administration (NOAA) said it was the busiest …

Detroit Agrees to Pay $11 M in Water Damage Claims to 800 Residents

Months after two severe storms flooded basements on Detroit’s east side, the Michigan city’s water department has decided to pay the claims of all residents who aren’t suing it. Hundreds of homes were damaged during the July 8 storm, which …

Recalled Midea Dehumidifiers Caused Reported $4.8M in Property Damage

Humidifiers made by GD Midea and sold between January 2003 and December 2013 are being recalled due to the potential to overheat, smoke and catch fire, posing serious fire and burn hazards. According to an alert issued by the Consumer …

CoreLogic: 2M Homes in 4 States at Risk for Storm Surge Damage, Insurers Brace for Matthew’s Impact

As insurers brace for the aftermath of Hurricane Matthew, CoreLogic has issued new analysis projecting almost 2 million homes in four states could sustain damage from hurricane-driven storm surge flooding. GEICO announced it was assigning catastrophe teams and would take …

Damage to Property Without Market Value

The amount and dollar value of insurance claims relating to property loss alone dwarf all other lines of insurance. Water losses in the U.S. result in more than $9 billion in property damage annually. Fire losses result in more than …