property insurance News

‘Falling Through the Cracks’: Vulnerable Homeowners Overlooked after Disasters

WASHINGTON — It was the middle of the night when Yvonne Rawhouser’s neighbor woke her up to warn her that a nearby hillside was aflame. The wildfire that had been raging through northern California’s wine country in October 2017 was …

Conn. Lawmakers Continue Push to Address Crumbling Foundations

HARTFORD, Conn. — Connecticut lawmakers were urged Friday to pass additional legislation to address the state’s crumbling foundations problem and also find additional funds to help impacted homeowners. Michael Marglaras, superintendent of the Connecticut Foundation Solutions Indemnity Co., said it …

New York, Mumbai Basements Seen as Uninsurable by Next Decade

Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe’s largest insurers said. “If you go much further to 2020, 2030, we can …

Trump Claimed $17M in Hurricane Damage for Private Florida Club

Donald Trump said he received a $17 million insurance payment in 2005 for hurricane damage to Mar-a-Lago, his private club in Palm Beach, but The Associated Press found little evidence of such large-scale damage. Two years after a series of …

Hawaii Homes at High Risk for Lava Flows Can Now Get Insurance

The state’s Insurance Division issued a statement this week advising Big Island residents that the Hawaii Property Insurance Association (HPIA) is now accepting all new business applications and coverage increase requests. “This is an opportunity to safeguard against unexpected property …

Commentary: It’s Not Just Health Insurance Causing Headaches This Winter

As we move further into the New Year, when most people typically begin to let their resolutions slide, the federal government is still working on promises made at the end of 2013—to fix, or at least improve, issues with the …

e|djuster Expands Into North America

e|djuster ​Inc. welcomed Paul Burger as its new director of Business Development for its USA division. Burger brings with him over 21 years of property/casualty sales experience, which he will use to lead the U.S. market sales effort and business …

New Jersey Eyes Controlled Burns to Fight Forest Fires

New Jersey is on the verge of approving more controlled burns of underbrush on forest floors. The goal is to prevent major forest fires and help ecosystems that depend on fire as part of the natural cycle. Lawmakers passed a …

New York Court Clarifies Vandalism Insurance

The top New York court says property insurance against vandalism includes coverage for malicious damage that isn’t specifically aimed at the insured property. The ruling comes from a claim by Georgitsi Realty, owner of a four-story apartment building in Brooklyn, …

P/C Insurance Buyers Facing Improved Market Conditions

Commercial insurance buyers face improved market conditions in 2014, due in part to declining rates in the property insurance line and an easing of recent upward pressure on rates in many other lines of insurance coverage, according to Willis, a …