property damage News

Cyber Threats Main Concern for Insurance Decision Makers: AIG Survey

A survey of perceptions about cyber risk sponsored by the American International Group, Inc. (AIG) found that among corporate executives, more are concerned about cyber threats than about other major business risks. More than 85 percent of the 258 decision-makers …

Weather Service Confirms Second Indiana Tornado

Predawn storms that raked Indiana on Wednesday spawned two small tornadoes and destructive winds, uprooting trees, downing power lines and flattening barns and other structures. An EF1 tornado with winds of 85-95 mph damaged the roof and porch of an …

Paul Davis Selected as a Preferred Mitigation Vendor by Allstate

Paul Davis Restoration, Inc. a national franchise company and leading provider of fire, water and mold damage restoration services for residential and commercial properties has been selected to participate as a preferred vendor in Allstate’s mitigation direct repair program. As …

Missouri Cops Investigating Smash-and-Grab Crimes

Police in several St. Louis, Mo., towns are investigating a string of smash-and-grab crimes with a twist: In many cases, nothing is taken. In six instances over the past few weeks, suspects have busted through the front doors of closed …

Kentucky to Investigate Mysterious Explosions

State officials are investigating a series of mysterious explosions in southern Hopkins County – blasts that residents say is damaging homes in the area. Residents living just south of Nortonville blame a lead company, Donovan Commercial Industries, for an operation …

Northeastern Minnesota Residents Get Extra Time for Flood Loans

Homeowners whose property was damaged by flash floods in northeastern Minnesota last June have more time to apply for forgivable loans. Residents now have until Jan. 31 to apply for assistance under the Quick Start Disaster Recovery Program. The program …

Sandy Causes $100M Property Damage in Canada

Insurance Bureau of Canada (IBC) reports that the estimated insured property damage caused by the recent Superstorm Sandy that hit Ontario and part of Quebec amounts to approximately $100 million. This is a preliminary estimate reported by Property Claim Services …

Judge Takes Up Restitution Claims for Wallow Fire

A judge considered restitution claims for those who suffered property damage or other losses in Arizona’s largest wildfire. Caleb and David Malboeuf could be on the hook for up to $3.5 million. The prosecution and defense have agreed on more …

Police: Indiana Man Defaced Many Buildings

A 19-year-old Nampa, Ind., man who police say caused thousands of dollars in damage over several years by spray painting hundreds of symbols on buildings has been charged with malicious injury to property, a felony. Brewster Bisconer was taken into …

Falling Trees: Act of God or Covered Event?

Although not nearly on the scale of Hurricanes Katrina and Rita in 2005, Hurricane Isaac caused a surprising amount of damage in Louisiana despite the fact that it was only a category 1 hurricane, the weakest category by which the …