property insurance News

Fatal Fire in Maine Under Investigation

FORT FAIRFIELD, Maine (AP) — A house fire in northern Maine that killed a father, mother and daughter is under investigation, police said Thursday. The fire took place in Fort Fairfield late last week. Police said the fire killed three …

Georgia Condo Association Leaders Charged with Taking Insurance Proceeds After Fire

Police in South Fulton, Georgia, have charged the president and treasurer of a large condominium association with stealing more than $1.5 million in insurance payouts after two fires in 2020 destroyed a building. Multiple Georgia news outlets reported that Camelot …

Toyota Doubles Investment at North Carolina EV Battery Plant

RALEIGH, N.C. (AP) — Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it`s constructing in North Carolina, more than doubling its prior investments and expected number of new jobs, the company announced Tuesday. …

NC Commissioner Fires Top Fire Marshal Officials as Feud with Lawmakers Continues

North Carolina Insurance Commissioner Mike Causey appears to have escalated a feud with lawmakers, firing three officials at the state fire marshal’s office after legislation stripped Causey of the marshal’s job. Causey, insurance commissioner since 2017, recently sent a top …

Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers

A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town. In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off the map. Ian killed 21 …

Florida Appeals Court Ruling Puts New Scrutiny on Wind Experts’ Credibility

Expert testimony is subject to a well-established standard set forth by the US Supreme Court 30 years ago in Daubert v. Merrel Dow Pharms., Inc. Under the Daubert standard, trial judges are gatekeepers of expert testimony, tasked with determining whether …

Duke Energy Plans Green Hydrogen Project in Florida

Electric utility Duke Energy plans to build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida. The new system, a collaboration between Duke, construction management and consulting firm Sargent …

Atlanta Temporarily Closes 3 Fire Stations Amid Firefighter, Truck Shortage

ATLANTA (AP) — The city of Atlanta has temporarily closed three of its more than 30 fire stations because of truck breakdowns and a shortage of firefighters. Atlanta Fire Rescue Chief Roderick Smith told a City Council committee of the …

Hurricanes Now Twice as Likely to Spin Up From Minor to Whopper, Study Says

With warmer oceans serving as fuel, Atlantic hurricanes are now more than twice as likely as before to rapidly intensify from wimpy minor hurricanes to powerful and catastrophic, a study said Thursday. Last month Hurricane Lee went from barely a …

Horse Racing, Boat Manufacturer Announce Major Expansions in TN, KY

A manufacturer and a famous horse-racing operation are expanding in Tennessee and Kentucky, bringing millions of dollars in investment, hundreds of new jobs and the potential need for more workers’ compensation, property and liability coverage. In Lexington, Kentucky, Keeneland, the …