Many small business owners in New York and the Northeast are still trying to recover from floods caused by as much as eight inches of rain earlier this month. Those who had flood insurance can recoup some of their losses, …
U.S. property and casualty insurers are expected to pay some $1.22 billion for catastrophic events during the first quarter, including severe tornadoes in several southern states, according to a company that tracks insurance data. The ISO Property Claim Services unit …
Insured losses from the storm that spawned tornadoes and large hail over portions of the Dallas Fort Worth area on April 13, have been set at approximately $100 million, the Insurance Council of Texas reported. Twenty thousand homes and nearly …
Texas Gov. Rick Perry has toured areas along the Texas/Mexico border that recently were hit with violent storms and tornadoes. He issued state disaster proclamations for Maverick County as a result of the damage and loss of life sustained in …
Severe tornadoes in several southern states helped push catastrophe losses to more than $1.2 billion during the first quarter of 2007, according to the industry’s Property Claim Services (PCS), a unit of Insurance Services Office. U.S. property/casualty insurers are expected …
Most people associate tornado activity with the “Tornado Alley” of the Great Plains states. While this is true in terms of the sheer numbers of tornadoes and losses, surprisingly, catastrophe modeling shows that New Jersey tops the list of the …
A fast moving storm that slammed into the Dallas/Fort Worth area on the night of April 13 spawned tornadoes and large hail and caused an estimated $25 million in insured losses. Two people, including an Irving police officer, lost their …
A man who sued Allstate Insurance Co. after losing his home to Hurricane Katrina lashed out April 11 at the insurance industry’s position that damage from a hurricane’s storm surge is excluded from homeowner policies. “It’s a hurricane. It’s not …
New Mexico automobile body repair shops have been busy repairing vehicles battered by a massive March 23 storm that walloped Clovis and Logan with tornadoes. Richard Dindinger, manager of Bender Body Shop, said his crews have been replacing vehicle roofs …
After Hurricane Katrina demolished Robert and Merryl Weiss’ New Orleans-area home, they were paid hundred of thousands of dollars by their insurance company. But they say it isn’t enough. Jury selection began April 9 in the Weisses’ lawsuit against Northbrook, …