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News
The uninsurable coastline: Australia’s growing coverage gap
3+ day, 16+ hour ago (765+ words) Read together, the two reports describe a protection gap that is already widening and will accelerate as sea levels rise. Read next: Insurers must brace for US$171 billion in annual cat losses, study finds Residential property insurance in Australia explicitly…...
Accidental cause finding clears path for major Tasmanian power station fire claim
3+ day, 20+ hour ago (313+ words) The Tasmania Fire Service has determined that the fire which gutted the Tungatinah Power Station in Tasmania's Central Highlands last week was accidental. The finding removes the most significant obstacle to what is shaping up as one of the largest…...
LA County Probing Farmers Insurance Over Wildfire Survivor Claims
4+ day, 3+ hour ago (470+ words) LOS ANGELES (CNS) - Los Angeles County is investigating Farmers Insurance Company's handling of insurance claims filed by policy holders affected by the January 2025 Eaton and Palisades Fires, officials announced Unfair Competition Law and ``follows growing complaints from residents about delays,…...
Cape Breton Flooding: Insurance Bureau of Canada provides insurance guidance
1+ week, 5+ hour ago (11+ words) Tolerance.ca...
Do I need insurance for exterior electric, water lines in Florida?
1+ week, 4+ day ago (25+ words) Daytona Beach News-Journal Do I need insurance for exterior electric, water lines in Florida?...
Insurance claims begin to be filed following storm
2+ week, 6+ day ago (58+ words) Inbox.lv Insurance claims begin to be filed following storm Insurers could obtain more accurate loss estimates in the next two to three days. "It's too early to talk about the total amounts, but the amounts will be large. They…...
When your home becomes a rental: The insurance most owners forget to update
2+ week, 6+ day ago (976+ words) In today’s shifting housing market, homeowners who are unable to secure their desired sale price are increasingly turning their properties into rental homes rather than selling. According to Kara Ng, senior economist at Zillow, 2.3% of the homes currently listed for…...
Parametric insurance just paid out for a coral reef for the first time in the US
2+ week, 5+ day ago (202+ words) Hurricane Lala triggered a $200,000 payment on a policy built to protect a natural asset rather than a building. For an industry still selling the promise of parametric coverage, it's a rare real-world proof point. When Hurricane Lala hit the Big…...
California coalition urges lawmakers to reject Newsom wildfire plan over insurance costs
3+ week, 1+ day ago (400+ words) The dispute is unfolding as California's wildfire liability fund is close to running out. A California alliance that includes fire survivors and consumer advocates is pushing back on Gov. Gavin Newsom's wildfire recovery reform proposal, which it says puts survivors…...
What Bars and Restaurants Should Do After a Major Storm Hits
3+ week, 5+ day ago (534+ words) Extreme weather is becoming a fact of life for restaurant operators in nearly every corner of the country. Severe hail storms increased by 21% between 2022 and 2024, while hurricanes, flash flooding and extended power outages continue to disrupt hospitality businesses well beyond…...