Insurance Journal

NOVEMBER 6, 2024

Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200 people in the country’s eastern region of Valencia. Spain will earmark as much as €10.6 billion ($11.5 billion) for its …

Damage 289

Damage Risk 289

Insurance Journal

OCTOBER 14, 2024

Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the costliest since the start of …

Damage 305

Damage Insurance Claim Claim Insurance 305

Insurance Journal

DECEMBER 16, 2024

Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia’s “shadow fleet.” ” One crew …

Risk 245

Risk Damage Insured Insurance 245

Insurance Journal

SEPTEMBER 1, 2024

trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, the 2024 CoreLogic Wildfire Risk Report shows. More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 The western …

Risk 240

Risk Damage 240

Insurance Journal

JANUARY 3, 2025

Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea Estlink 2 …

Damage 278

Damage Claim Protection Liability Insurance 278

Insurance Journal

JULY 19, 2024

A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to return to its last port of call to assess the damage. Iran-aligned Houthis launched ballistic missiles and drones towards the …

Damage 264

Damage Risk Marine Insured 264

Insurance Journal

JANUARY 27, 2025

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months. The Security Service said it’s conducting a preliminary investigation into the crime …

Crime 269

Crime Damage Protection Liability Insurance 269

Insurance Journal

JUNE 10, 2025

Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon,” a new outlook asserts.

Risk 200

Risk Insurance Industry Insured Insurance 200

Insurance Journal

MAY 19, 2025

A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore online shopping as it prioritizes safety over speed, while retailers worldwide race to boost their defenses. The attack on the …

Damage 214

Damage Risk Cyber 214

Insurance Journal

JANUARY 8, 2025

Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea has been found to have serious deficiencies and will not be allowed to operate until repairs have been made. Baltic …

Damage 246

Damage Protection Liability Insurance Risk 246

Insurance Journal

FEBRUARY 28, 2025

A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed a slate of legislation aimed at mitigating the risks and damage of future blazes. Three Republicans state Sen. Kevin …

Risk 204

Risk Damage 204

Property Insurance Coverage Law

DECEMBER 31, 2024

These studies are among the first to investigate air quality within smoke and ash-damaged homes and assess the health effects on occupants. … The post The Hidden Health Risks in Fire-Surviving Structures appeared first on Property Insurance Coverage Law Blog.

Risk 189

Risk Property Insurance Damage Insured 189

Insurance Journal

JANUARY 22, 2025

Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. Among natural disasters, wildfires are the great unknown. It’s a major problem for homeowners, insurers and investors, as …

Risk 262

Risk Insured Insurance Insurer 262

Property Insurance Coverage Law

DECEMBER 17, 2024

A recent builders risk insurance dispute out of Tennessee 1 involving collapse caught my attention because of the opening facts recited by the court: How many fallen bricks does a collapse make? The Importance of Proving Damages for Partial Losses appeared first on Property Insurance Coverage Law Blog.

Damage 189

Damage Property Insurance Risk Insured 189

Insurance Journal

AUGUST 26, 2024

California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco study. “Our results suggest …

Risk 264

Risk Insured Insurance Insurer 264

Tosten Marketing

FEBRUARY 27, 2025

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. Commercial property insurance water damage coverage is a complex topic with many nuances. What Water Damage Does Commercial Property Insurance Cover?

Commercial Property 52

Commercial Property Property Insurance Commercial Damage 52

Insurance Journal

JUNE 16, 2025

Finnish authorities have accused senior officers of a Russia-linked vessel that damaged undersea cables last year between Finland and Estonia of criminal offenses related to the wreckage. They say the oil tanker, the Eagle S, dragged its anchor to damage …

Damage 165

Damage Protection Risk Marine 165

Insurance Journal

JANUARY 14, 2025

Hot, dry winds are pummeling Los Angeles and surrounding areas of Southern California, raising wildfire risks through at least Wednesday as the region reels from blazes that have killed at least 24 people and burned neighborhoods to the ground. Tropical-storm-strength …

Risk 264

Risk Damage Insured Insurance 264

Insurance Journal

JULY 11, 2024

Authorities in Western states warned of the rising risk of wildfires as hot conditions and low humidity dry out the landscape amid a protracted heat wave that is expected to bake much of the U.S. again Thursday. California’s top fire …

Risk 264

Risk Property Insurance Damage Insured 264

Insurance Journal

AUGUST 13, 2024

Ten of the top 15 metropolitan areas for wildfire risk concentration are in California, while more than 2.6 trillion are at moderate to very high risk of wildfire … million homes across 14 states with a total reconstruction cost of $1.3

Risk 264

Risk Damage Insured Insurance 264

Insurance Journal

OCTOBER 6, 2024

The ongoing threat of more frequent and damaging extreme weather is making it increasingly difficult for homeowners to secure affordable insurance, highlighting a … It is likely that you have read recent headlines sounding the alarm over a potentially uninsurable future.

Protection 233

Protection Risk Damage Insurance 233

Insurance Journal

SEPTEMBER 19, 2024

Mosaic Insurance, the Bermuda-based specialty insurer, has launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk. The new product offers coverage for physical loss or damage …

Damage 290

Damage Risk Insurance Insured 290

Insurance Journal

SEPTEMBER 24, 2024

The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Rising damages from extreme weather don’t seem to be a regulatory problem, but rather a cost problem, …

Damage 278

Damage Insurance Insured Insurer 278

Insurance Journal

OCTOBER 25, 2024

Alcohol-fueled company events could become a thing of the past, as UK employers consider new rules that place an onus on firms to protect workers from sexual harassment or risk hefty damages claims. Under a new law, companies will have …

Damage 264

Damage Claim Protection Risk 264

Insurance Journal

NOVEMBER 13, 2024

As with computer models that help predict risk from hurricane winds, insurers now have more than one model to use when gauging flood damage in storm-soaked Florida. The Florida Commission on Hurricane Loss Projection Methodology this month accepted three flood …

Damage 264

Damage Risk Insured Insurance 264

Insurance Marine News

JUNE 15, 2025

Join Us The post Eagle S master and officers could face prosecution over sea bed cable damage appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Damage 82

Damage Marine Insured Insurance 82

Insurance Journal

MARCH 18, 2025

As Oklahomans assessed the devastation from wildfires that whipped across the state, damaging or destroying hundreds of homes, officials in both Oklahoma and Texas warned of an increased risk of fire danger in the coming week. “We’re going to be …

Damage 238

Damage Risk 238

Property Insurance Coverage Law

APRIL 16, 2025

When businesses think about protecting themselves from risk, they often focus on property damage, natural disasters, or customer lawsuits. However, one of the most damaging and often overlooked threats comes from within: employee theft.

Property Damage 100

Property Damage Theft Claim Damage 100

The Property Insurance Law Observer

SEPTEMBER 23, 2024

American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]

Damage 130

Damage Business Interruption Property Damage Policy 130

Property Insurance Coverage Law

JUNE 3, 2025

When vandals triggered a sprinkler system in a vacant building, flooding it with over one million gallons of water, the result was not just property damage. Instead, it was a lawsuit that put the scope of all-risk commercial property insurance under scrutiny. The case ofEpperson v.

Commercial Property 100

Commercial Property Property Damage Property Insurance Commercial 100

Insurance Journal

JANUARY 27, 2025

Southern California will clock a few more tense hours as showers continue to soak the burn-scarred landscape around Los Angeles. While the rains are helping fight wildfires that have killed at least 28 and destroyed more than 16,000 structures, they’re …

Risk 264

Risk Damage Insured Insurance 264

Insurance Journal

FEBRUARY 10, 2025

A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday, citing the telecommunications provider PJSC Rostelecom. Restoration work is underway and the incident has had no impact on subscribers so …

Damage 147

Damage Protection Liability Insurance Risk 147

Prof. Allan Manning

JANUARY 29, 2025

This is where the wording has a Defined Events cover and sometimes an Option for Accidental Damage. I think this is something that we should all be aware of and assess each risk on its merits. The focus of course should not just be on this one, hopefully very low risk.

Policy 208

Policy Business Interruption Risk Commercial 208

Insurance Journal

AUGUST 29, 2024

The European Union’s mission in the Red Sea said on Wednesday there was no oil spill in the waters near the Greek-flagged tanker hit by a fiery Houthi militant attack off Yemen’s coast. The mission, called Aspides, added that the …

Damage 278

Damage Protection Liability Insurance Risk 278

AMAXX

MAY 6, 2025

In fact, bad hires aren’t just a performance issuethey are a financial and legal liability , particularly in industries where physical labor increases the risk of injury. Here’s why employers must start treating hiring as a risk management function , and what they can do to mitigate the hidden costs.

Workers Comp 85

Workers Comp Risk Injury Workers Compensation 85

Triple-I: Homeowners Insurance

JUNE 3, 2025

Worters, Vice President, Media Relations, Triple-I Vacant homes often carry more risk than meets the eye. Without anyone home to detect the issue, water had leaked for days possibly weeks causing severe damage to ceilings, walls, flooring, heating and electrical systems. By Loretta L. The estimated cost of repairs exceeded $60,000.

Theft 71

Theft Damage Liability Insurance 71

Insurance Journal

APRIL 2, 2025

Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region. There’s a rare high risk for damaging winds and long-lasting powerful …

Damage 211

Damage Risk 211