sinkhole claims News

Ohio City Won’t Pay for Sinkhole-Damaged Truck

A truck owner says the city of Dayton, Ohio, should compensate him for sinkhole damage that left his truck inoperable. The Dayton Daily News reports that 52-year-old Mike McDonald is infuriated that the city rejected his $10,000 claim. He says …

Another Sinkhole Forms in Florida Neighborhood

A second hole has formed in a Tampa Bay, Fla., neighborhood where a hole developed in a driveway and swallowed a car. Pasco County spokesman Doug Tobin says the new hole opened Tuesday in a roadway and grew about 10 …

Sinkhole ‘Structural Damage’ Definition Sliding in Insurers’ Favor

An ongoing debate in sinkhole claims and litigation is whether the legislature intended for Florida insurers to provide coverage for sinkhole activity that causes aesthetic damage only. In 2005, the legislature enacted Section 627.706, requiring that insurers provide coverage for …

Verisk Announces New Florida Sinkhole Location Product

Verisk Insurance Solutions – Underwriting, a unit of Verisk, announced LOCATION Sinkhole Service, which is based on more than 86,000 records with settlement indicators, including more than 55,000 confirmed sinkholes. Sinkhole Service helps insurers minimize risk from subsidence and other …