March 24, 2021
Springtime storms caused significant damage to buildings in a central Texas city, and forecasters say more stormy weather is expected later in the week for parts of the southern U.S. There were no immediate reports of injuries from Monday night’s …
March 1, 2021
It’s likely that insured losses in Texas from Winter Storm Uri, which overwhelmed the state in mid-February, will climb into the $10 billion to $20 billion range, according to catastrophe modelers and insurance industry market analysts. Losses from Uri may …
February 18, 2021
The massive winter storm that barreled through the mid-section of the United States and across the South in mid-February, hitting Texas particularly hard, will generate billions in insured losses, according to commentary by Moody’s Investors Services. The storm, which has …
November 3, 2020
Temporary extra fencing has been erected around the White House, plywood affixed to storefronts in Manhattan and the National Guard put on notice in Portland, Oregon, as U.S. cities braced for possible unrest on election day. “We don’t see specific …
October 21, 2020
This time last year, shoppers on Chicago’s Magnificent Mile were waiting for Louis Vuitton to debut its whimsical holiday window decorations. Now those same windows are hidden behind a wall of wood panels painted bright orange. While still open for …
December 24, 2019
Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting, even the best in class properties are feeling the heat. …
June 20, 2019
The Texas Department of Insurance (TDI) has issued special data call to companies that wrote direct commercial property or businessowners insurance in Texas and to certain farm mutual insurance companies that wrote property insurance in Texas during calendar year 2018. …
April 3, 2019
We had an interesting question come in this week so I thought I would address it publicly. I’ve edited the question for space and to avoid disclosing any identifiable details. “I live in a condo building. A sewage pipe burst, …
July 7, 2017
A major blaze damaged several buildings in a central Iowa town on Independence Day, but fire officials don’t suspect fireworks as the cause. The Des Moines Register reports that the fire started late on July 4 in downtown Melcher-Dallas and …
March 27, 2017
Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under construction and spread to about two dozen homes estimate the blaze caused between $23 million and $25 million in damage. The Kansas City Star reports …