property insurance News

Two Tornadoes Confirmed in Georgia Towns

The National Weather Service confirmed two weak tornadoes touched down last week in middle Georgia. No one was reported injured in either storm. A tornado with top winds of 90 mph touched down on the southeast edge of Cordele. The …

Mississippi City Faces Tough Road Rebuilding After Tornado

The scent of the Mississippi Delta’s soil took hold of Charlie Weissinger’s psyche at an early age, and he has chased it ever since. Weissinger, 37, works at a bank to support his farming addiction in Rolling Fork, where his …

Federal Law Preempts Stolen Cargo Claim by Insurer Against Florida Transport Broker

Landstar Ranger, a transportation broker based in Jacksonville, sent a truck driver who called himself “James” to pick up cargo in Colorado for delivery to Maryland. A dispatcher authorized the pickup even though the driver’s telephone number and email address …

Goodyear’s 2nd-Largest Plant Still Recovering After Mississippi Tornado

Production at a large north Mississippi tire plant has ground to a halt in the wake of a damaging tornado, pausing operations at one of Goodyear’s largest production facilities in North America. Storms that dropped possibly dozens of tornadoes tore …

Miami Homeowner Charged with Defrauding Citizens by Claiming Old Damage

Florida authorities have charged a Miami man – who has a long record of criminal and civil cases under his name – with insurance fraud after investigators found that some $300,000 in claims were linked to pre-exiting damage to his …

Kin Spins Into Tornado-Prone Mississippi, Relying on Data for Risk Pricing

Kin Insurance and its reciprocal exchange program have expanded into Mississippi, just as tornado damage may be worsening in the state. Mississippi saw 184 tornadoes in 2022, ranking it first in the nation for tornado activity and up sharply from …

Studies Show ‘Unprecedented,’ Rapidly Rising Seas in Southeastern States

Southeastern states’ coastlines have seen a dramatic rise in sea levels since 2010, according to two academic studies, raising new concerns for major population areas and for property insurers. “The acceleration is most notable on the Southeast and Gulf Coasts, …

Tornadoes Damage Homes, Kills One Person in Louisville, Kentucky

The National Weather Service said Thursday it was surveying damage from three EF-1 tornadoes that touched down in Kentucky. According to preliminary information, tornadoes hit the Pleasure Ridge Park and Newburg sections of Louisville on Wednesday evening, meteorologist Brian Neudorff …

Four Dead in Plane Crash off Florida’s Gulf Coast

The bodies of two men and two women have been recovered following a small plane crash just off Florida’s Gulf Coast, police said Thursday. The plane had just taken off from Venice Airport when it crashed into the Gulf of …

NHC Report Ranks Ian as Costliest Florida Hurricane, Shows Forecasting, Storm Surge

The National Hurricane Center’s report on Hurricane Ian, posted Monday, six months after the storm hit southwest Florida, pegs Ian as the most expensive to hit the Sunshine State, causing twice as much damage as Hurricane Andrew did 30 years …