property damage News

Indiana Businesses Work to Recover from Tornadoes

Dan May has already found a location to temporarily set up his law office and his daughter’s art gallery that were destroyed by a tornado that swept through Kokomo, Ind., but he’s concerned about what other tenants will do in …

Count of Storm-Damaged Homes in Illinois Expected to Grow

State officials now say that at least 900 homes in Illinois were either destroyed or badly damaged by the tornado outbreak on Nov. 17. And that figure is likely to grow. Patti Thompson is a spokeswoman for the Illinois Emergency …

Storms Sweep Across Illinois, Kill at Least 5, Delay Flights

Tornadoes and thunderstorms swept through a 300-mile stretch of Illinois and other Midwestern states, killing at least five people, damaging hundreds of homes and disrupting air travel at O’Hare International Airport. A county coroner in Washington County, about 50 miles …

PG&E to Settle Remaining Pipeline Explosion Claims in Northern California

PG&E Corp., owner of California’s largest utility, said it will settle “substantially all” remaining personal injury and property damage claims from a 2010 natural gas pipeline explosion that killed eight people. The utility announced the agreement today in a regulatory …

Central New Zealand Shaken by M6.5 Earthquake: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, homes and roads in central New Zealand were damaged by a M6.5 earthquake on Friday, August 16, at 2:31 p.m. local time (2:31 a.m., UTC), but no serious injuries have been reported. AIR …

Ruling Allows Hawaii Dam Break Lawsuits Against Insurers To Advance

A state appeals court ruling has cleared the way for stalled lawsuits involving a deadly 2006 Kauai dam breach to move forward. The state Intermediate Court of Appeals sent the case back to circuit court, vacating the lower court’s ruling …

Catlin Introduces ‘UK Asymmetric’ Terrorism Insurance and Crisis Response Product

London-based underwriting subsidiaries of the Bermuda-based Catlin Group Limited have introduced a new terrorism insurance product that includes unique crisis response services as well as coverage for chemical, biological, radiological and nuclear (CBRN) losses. The announcement explained that the “UK …

Ohio Joins States Tracking Arsonists on Registries

Ohio is joining the few states that require convicted arsonists to register with authorities, hoping it will help solve more cases, deter repeat offenses and prevent deaths and property damage. The new law will require people convicted of arson-related offenses …

Missouri Cops Investigating Smash-and-Grab Crimes

Police in several St. Louis, Mo.- area 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 …

IBC Estimates Alberta Wind, Thunderstorm Insured Losses over $100 Million*

The Insurance Bureau of Canada (IBC) reports that the estimated insured damage caused by the recent severe thunderstorm event that hit the Edmonton area in July amounts to more than $100 million. The IBC noted that the estimate, “reported by …