News
Insurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference
What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found the ...
Cruise Operator Carnival Discloses Personal Data Breach
Cruise operator Carnival Corp said on Wednesday it had detected a cybersecurity incident involving a compromised account of an employee in April, leading to the leak of certain personal information ...
Roof Costs Soar Even as Claims Decline: Verisk
Hail volatility and aging roofs are driving higher residential replacement severity, a new study by data analytics and technology provider Verisk finds. Roof losses didn't slow despite a 20 percent ...
Warmer Global Temps to Create Bigger, More Damaging Hailstones: Study
A warmer world will likely make bigger and more damaging hail, a new study said. Because climate change from the burning of fossil fuels should make more high-energy unstable air, which is conducive ...
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget
After bypassing the April 1 deadline and engaging in weeks of debate and compromise, New York lawmakers have agreed on a $268.5 billion budget that includes auto insurance reforms championed by Gov. ...
Florida P/C Market Now Totals 20 Insurers
Three new property and casualty insurers have entered Florida's market, according to an announcement last week by Insurance Commissioner Mike Yaworsky. Builder Reciprocal Insurance Exchange, ...
Moody’s: U.S. Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event
The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a ...
Work Zone Crash Analysis: Distracted Driving Cited As Main Cause
A new survey indicates that most work zone crashes in the Carolinas are the result of distracted driving, according to the Associated General Contractors of America (AGC). The nationwide survey ...