Catastrophe & Restoration

A federal district court in New Jersey, in a Superstorm Sandy coverage case, has ruled that a homeowners insurance companys letter to its insureds amounted to an unequivocal denial of benefits.

The fires destroyed as many as 1,000 homes in Santa Olga, 260 kilometers to the south of Santiago. The blazes have now cost the lives of seven firefighters, police and local citizens.

While state and local officials have little tolerance for scams and attempt to crack down on the criminals, it can be difficult to stop those who abuse and misuse the insurance and legal system with excessive claims and litigation.

Dont let commercial clients wait until its too late. Here are four ways to prevent business interruption from a natural disaster.

The National Flood Insurance Program is different from commercial insurance because all claims are paid from the treasury of the U.S. For that reason the NFIP is strictly construed by the federal courts.

A more aggressive insurance market, technology and changing workforce dynamics are expected to affect the casualty insurance market in 2017.

There were more than 200 reports of severe weather and more than two dozen reports of tornadoes in an ongoing multi-day tornado and severe weather outbreak.

Even after one major carrier's exit and high-risk, headline-making exposures, insurer appetite remains strong in the environmental market.