property insurance News

Warmer Winters Could Mean More Tornadoes in December, Like Those in NC, TN

Residents of Garner, North Carolina, have spent the week cleaning up after an F1 tornado damaged more than 20 homes and left four of them uninhabitable. The Raleigh News & Observer reported that warmer winters already have resulted more storms …

Six Killed, Businesses Destroyed as Severe Storms Hit Central Tennessee

NASHVILLE, Tenn. (AP) — Severe storms that tore through central Tennessee killed six people Saturday and sent about two dozen to the hospital as homes and businesses were damaged in multiple cities. Three people, including a child, were killed after …

North Carolina Hog Farms Were Properly Permitted, State Appeals Court Says

RALEIGH, N.C. (AP) — Several hog farms in North Carolina were properly allowed to collect energy from the animals` waste, a state appeals court said Tuesday, ruling that their permit applications were scrutinized appropriately before their approval. A three-judge panel …

Report: Kentucky Fund Made $239,000 in Erroneous Tornado Relief Payments

FRANKFORT, Ky. (AP) — A report released Tuesday by state officials on the disbursement of Kentucky`s tornado relief fund found that it sent out about $239, 000 in mistaken payments. The review of the fund by State Auditor Mike Harmon`s …

Rising War Risks Prompt Insurers to Reassess Property Cover in Geopolitical Hot Spots

Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots. Political violence cover, which businesses can take out to …

Florida Appeals Court Says Pre-Suit Notice Requirement Not Retroactive

When Florida lawmakers approved Senate Bill 76 in 2021, requiring a 10-day notice before suits are filed against insurers, it was seen as a big step in stemming what had become a flood of claims litigation. Since then, questions have …

Historic Theater Fighting Plans for New Courthouse in Georgia’s 2nd-Largest City

COLUMBUS, Ga. (AP) — A historic theater is fighting a plan for Georgia`s second- largest city to build a new courthouse, saying the new tower could harm the theater`s building and programming. The Springer Opera House is collecting signatures on …

Skanska Ordered to Pay $1.7M to Florida Oyster Farm for Barges Loosed in Storm

Skanska USA, part of one of the world’s largest construction firms, was ordered to pay almost $1.7 million to a Florida oyster farmer, three years after the firm’s barges broke loose in Hurricane Sally. The state-court jury verdict last week …

Georgia Fires Kill 3, Destroy Historic Home in Stone Mountain Park

A house fire in northeast Georgia that killed three people last week was found to be accidental in nature, linked to a clothes dryer that was running overnight. And a blaze that burned a 180-year-old, historic home in Stone Mountain …

Colorado Legislature Convening to Address Skyrocketing Property Costs

Colorado Gov. Jared Polis hoisted a red baseball bat and smashed emergency glass in a silly demonstration for a very real crisis, Colorado homeowners are looking down the barrel of a potential 40% jump in property tax bills. After a …