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Fla. Insurers Imposing New Limits on Amounts Spent to Match Appearance
The Florida Office of Insurance Regulation has approved policy forms filed by at least eight property insurers that limit the amount the carriers will pay to replace undamaged materials to create a matching, uniform appearance after repairs, state records show. … Source: Claims Journal
Read MoreAon Report Says Insured Losses from Severe Convective Storms Tops $50B for First Time
Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50 billion mark for the first time on record and accounting for roughly 60% of all global insured losses, according to … Source: Claims Journal
Read MoreHurricanes Are Now Twice as Likely to Zip from Minor to Whopper than Decades Ago, Study Says
With warmer oceans serving as fuel, Atlantic hurricanes are now more than twice as likely as before to rapidly intensify from wimpy minor hurricanes to powerful and catastrophic, a study said Thursday. Last month Hurricane Lee went from barely a … Source: Claims Journal
Read MoreHurricane Norma to Slam Mexico This Weekend
Heavy rain and high winds will sweep the southern part of Mexico’s Baja California Sur, including Cabo San Lucas, for the next few days as Hurricane Norma approaches possible making a brief landfall sometime Saturday or early Sunday. Norma has … Source: Claims Journal
Read MoreNorthern Europe Braces for Gale-Force Winds and Extensive Floods
COPENHAGEN, Denmark (AP) — Much of northern Europe braced for stormy weather and gale-force winds from the east on Thursday, with authorities warning that floods could cause major problems in inland Danish waters, in the Baltic Sea and in the … Source: Claims Journal
Read MoreFugees Rapper Says Lawyer’s Use of AI Helped Tank his Case, Pushes for New Trial
WASHINGTON (AP) — A multimillion-dollar conspiracy trial that stretched across the worlds of politics and entertainment is now touching on the tech world with arguments that a defense attorney for a Fugees rapper bungled closing arguments by using an artificial … Source: Claims Journal
Read MoreNebraska Sheriff Charged with Filing Fraudulent Auto Insurance Claim for Repairs
ORD, Neb. (AP) — A small-town Nebraska sheriff has been charged with filing a fraudulent auto insurance claim to get the repairs to his yellow 2004 Chevrolet Monte Carlo paid for. The complaint filed against Valley County Sheriff Casey Hurlburt … Source: Claims Journal
Read MoreThe Trees Arrived with Polynesian Voyagers. After Maui Wildfire, There’s a Chance to Restore Them
LAHAINA, Hawaii (AP) — For people around the world, the green leaves that sprouted from a scorched, 150-year-old banyan tree in the heart of devastated Lahaina symbolized hope following Maui’s deadly wildfire this summer. Teams rushed to flood its roots … Source: Claims Journal
Read MoreOhio Supreme Ct. Upholds Escape Clause in Progressive Auto Liability Policy
Acuity and Progressive Specialty Insurance Co. disputed who should pay after a 16-year-old boy borrowed a friend’s car and crashed it into a utility pole in Streetsboro, Ohio. The driver was insured by Acuity through a policy issued to his … Source: Claims Journal
Read MoreAviation War Insurers Cancel Some Cover for Israel, Lebanon
LONDON –– Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the … Source: Claims Journal
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