A ship that caught fire in the Pacific Ocean earlier this month has sunk. The vessel was abandoned in the middle of the pacific — about 360 miles from land — after a blaze. It was carrying about 3,000 vehicles …
Insurers in the U.S. paid out about $1 billion in claims for lightning-related damage in 2024, down 16.5% from the amount paid in 2023, according to the Insurance Information Institute (Triple-I). The tally was $1.04 billion in 2025 compared to …
Verisk CargoNet issued an advisory to the logistics industry warning of significantly increased cargo theft risk during the upcoming July 4th holiday week. The firm typically issues such warnings ahead of holidays. Extended business closures can create favorable operating conditions …
When a hurricane or a wildfire strikes, the economic damage is usually very visible — roofs are ripped off or charred homes line roads. Heat waves cause financial damage, too, but it’s more diffuse: Farm crops might wither, construction workers …
Hancock Claims Consultants, a 22-year-old claims adjusting firm with offices in Georgia and Kentucky, has acquired Knight’s Solutions, an inspection firm that works claims in the Midwest and Southeast. Neither company is a public adjuster firm but work for property …
The body of the last person missing from a boat that capsized on Lake Tahoe in California during a sudden and powerful weekend thunderstorm was found Monday, bringing the death toll to eight. Ten people were on board the 27-foot …
A group is ending a 20-year search for a plane that crashed into Lake Michigan in 1950, killing all 58 people on board, after sweeping the vast body of water using sonar technology and even getting support from an acclaimed …
Increasing abuses in the claims process have caused insurance companies to rethink the traditional model of sending out cash to pay claims. Far too often, that cash is used for purposes other than fixing damage, with a significant portion of …
A 20-year-old man’s life appeared to have begun to unravel in the months before authorities say he fatally shot two firefighters and severely wounded a third as they responded to a wildfire near Coeur d’Alene, Idaho. Wess Roley was living …
Washington Insurance Commissioner Patty Kuderer’s office issued more than $839,750 in fines for insurance law violations in the second half of May and the first half of June, including a $275,000 fine for an illegal healthcare sharing ministry, a $300,000 …