property insurance News

$40M in Hurricane Laura Repairs at Louisiana College

A southwest Louisiana community college says it has nearly completed more than $40 million in repairs and rebuilding needed because of damage from last year’s Hurricane Laura. The need for skilled workers to repair buildings around the area has boosted …

How Material, Labor Price Hikes Are Affecting Property Insurance

The COVID-19 pandemic is causing a sharp increase in the price of materials and labor and driving increases in property claim costs, experts said during a webinar hosted by ATI Restoration last week. “We’ve never seen lumber move this drastically …

200 Buildings Added to Avalanche Risk Areas for Alaskan City

Updated maps add 200 homes and other buildings to hazard zones for landslides and avalanches in Alaska’s capital city, bringing to about 550 the total number of structures that would be considered at moderate to severe risk of being damaged …

How East States Are Preparing as Tropical Storm Elsa Makes Its Way Northeast

Tropical Storm Elsa made landfall in Florida yesterday and is moving to the Northeast at 20 miles per hour, with the National Hurricane Center (NHC) calling for the storm to sweep over parts of the Northeast tomorrow. Tropical storm warnings …

Insuring Properties a Struggle for Many in California’s Risky Fire Areas

As California’s wildfire season looms, threatening once again to break records for destruction, tens of thousands of rural homeowners risk facing the flames without enough insurance to rebuild if their homes burn. Insurers have been taking a hard look at …

Man Faces Arson Charges After $1M in Damage to Oregon Storage Units

A man faces arson and criminal mischief charges after a fire at a storage facility near the Salem Municipal Airport in Oregon on Monday resulted in over $1 million in damages. Firefighters responded to a report of a large fire …

Oregon Man Charged With Arson in Law Office Fire

A Bend man currently being held at a regional jail in The Dalles has been indicted on two first-degree arson charges in a 2019 fire that heavily damaged a downtown Madras law office. An official confirmed Monday to KTVZ that …

Anchorage Building Getting $41M Upgrade After Quake

A building in Anchorage that once housed a Key Bank office is undergoing a $41 million renovation inspired by Alaska’s glaciers. The project developer said the former Key Bank Plaza will be modernized and draped in glass instead of concrete, …

Minnesota Business Owners Ruined by Protests Plead for Rebuilding Help

Owners of Minneapolis and St. Paul, Minn., businesses that were raided and burned during the violent protests over the death of George Floyd are appealing to state lawmakers for help with rebuilding. Several store owners in Minneapolis and St. Paul …

California to Establish Home And Community Hardening Standards for Insurance

California Insurance Commissioner Ricardo Lara on Monday announced a new partnership between the California Department of Insurance and Gov. Gavin Newsom’s Administration to establish statewide standards for home and community hardening aimed at reducing wildfire risk, protecting lives and property …