property insurance News

South Carolina Firefighter Dies in Apartment Blaze

A 25-year-old firefighter from South Carolina has died after part of a burning apartment building collapsed while firefighters were inside. Authorities said James Muller of the Irmo Fire District died Friday while he was providing aid during the response to …

Disney Cancels 2,000-job Expansion as Feud with Florida Governor Heats Up

The Walt Disney Co. announced Thursday that it was scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product development. The decision follows a year …

Massive Fire Engulfs Charlotte, NC, Building, Parking Garage: One Dead, One Missing

A construction worker was killed and another was missing Friday morning after a massive fire broke out in an upscale business and residential area of Charlotte, North Carolina. News outlets reported that the five-alarm fire began early Thursday in or …

Alabama Judge Halts Bridge Project, Says DOT Director Had Vendetta

Driven by a “personal vendetta” against a toll bridge company, Alabama’s transportation director planned to build an unnecessary bridge across the Intracoastal Waterway at a cost of more than $100 million to the state, according to a judge who ordered …

Washington Commissioner Fines Airbnb for Acting as Unauthorized Insurer

Washington Insurance Commissioner Mike Kreidler fined Airbnb $20,000 for acting as an unauthorized insurer in the state. Kreidler also ordered the vacation rental company to obtain a surplus lines insurance policy to continue offering its Host Damage Protection program in …

Property Insurer SageSure Turns ‘Unicorn’ After $250M Funding Round

SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters. A unicorn is a startup that is valued at or above $1 billion. SageSure’s latest …

Want to Limit Roof Claims in Florida? Why Not a Roof Endorsement?

Editor’s note: The Florida Legislature’s 2023 regular session concluded May 5, but people in the property insurance industry continue to offer ideas for the state’s distressed market. Here’s one from independent adjuster Ben Mandell. I am an independent insurance adjuster. …

Driver Falls Asleep, 18-wheeler Hits Federal Courthouse in Georgia

A federal courthouse in Georgia was damaged when the driver of a tractor trailer fell asleep and the truck hit the building last week. The crash into the J. Roy Rowland Federal Courthouse in Dublin happened at about 12:30 a.m. …

Senate Panel OKs Rail-Safety Bill But Fate Uncertain

A Senate committee on Wednesday approved a rail-safety bill introduced after the derailment of a freight train in East Palestine, Ohio, but its fate remains uncertain due to significant Republican opposition. The bill would increase inspections of trains carrying hazardous …

Florida Could Study Use of Radioactive Gypsum on Roads if Bill Signed

Florida may study whether a radioactive waste byproduct of fertilizer production can be used to help build roads under a bill passed by the Legislature. The proposal, which awaits a signature from Republican Gov. Ron DeSantis, would task the state …