property damage News

Barratry Class Action Filed Against Texas Hail Attorneys, Roofing Contractor

Thousands of Texas homeowners victimized by severe weather may also be victims of a wide-ranging conspiracy involving door-to-door solicitors, public insurance adjusters and attorneys, according to a class-action lawsuit filed in Dallas. The lawsuit claims that individuals, companies and law …

Researchers Look for Ways to Limit Hail Damage

Andrew J. Heymsfield has an affinity for thunderstorms, particularly those nasty spring-born storms that darken the plains and drop hailstones similar to millions of tiny ice bombs, leaving crushed crops, car hood dings and dimples, and billions of dollars of …

New York Comptroller Wants Railroads to Increase Oil Spill Insurance

New York state’s comptroller urged federal authorities Tuesday to strengthen safety measures against oil spills and require trains to carry sufficient insurance to cover cleanup costs from major accidents. Comptroller Thomas DiNapoli is administrator of New York’s $40 million Oil …

NICB Reports Slight Uptick in 2015 Water Damage Claims Over Prior Year

In 2015, there were 1,403,054 water damage claims filed—an increase of just one percent over 2014’s total of 1,389,277, according to a new report by the National Insurance Crime Bureau (NICB). From January 1, 2014 through December 31, 2015, a …

Scientists Predict Termite Risk in South Florida to Grow

Termites? If you’ve ever had your house treated for them, you know it can be expensive. But the potential damage they can cause should never be ignored. Now, though, University of Florida entomologists are predicting that subterranean termite activity will …

Hoverboards Deemed Unsafe by U.S. Safety Agency

As more incidents of hoverboard-related fires make the news and the Consumer Product Safety Commission continues its investigation into the cause of the fires, pressure is mounting for manufacturers who face the threat of product seizure for failing to comply …

Content Analysis: Key Factors for Determining Cigar Value

Picture this: as an insurance adjuster a new claim lands on your desk. When you travel to the affluent home of the insured, you quickly realize that there are going to be some highly valuable items that need to be …

Flooding Risk Rises for East Coast as Waters Recede in South Carolina and Georgia

According to catastrophe risk modeling firm, RMS, persistent onshore winds coupled with monthly spring tides led to higher than predicted tides and coastal flooding across parts of South Carolina and Georgia this week causing localized property damage. Commenting on the …

Oil Leak Fire Risk Not Fixed, Leads to GM Recall of 1.4M Cars

For the third time in seven years, General Motors is recalling cars that can leak oil and catch fire, in some instances damaging garages and homes. The recall, which covers 1.4 million vehicles dating to the 1997 model year, is …

New Technology Promises to Make Trucking Safer

Ask truck drivers about the most important aspect of their job and chances are you will get the same answer: safety. Last year, about 78,000 total crashes were reported to the Minnesota Department of Public Safety. Of those reported, just …