For the second time, a federal appellate court reversed a trial judge’s finding that a policy issued by a unit of American International Group did not limit coverage for a 2011 flood that forced the company to shut down an …
This week, the Third Circuit of the U.S. Court of Appeals upheld a ruling by a district court which found that a claim denial letter triggered a one-year statute of limitations required in every standard flood insurance policy. According to …
Between 2008 and 2010, there were roughly 194,000 highway vehicle fires each year in the United States, according to a new report examining the characteristics of highway vehicle fires. Accounting for 14 percent of fire department responses, the fires resulted …
The Verisk Catastrophe Index has been expanded beyond the hurricane peril to also cover U.S. earthquake risk, including fire following earthquake. The index provides industry-wide insured property loss estimates by county and line of business based on data from ISO’s …