More than half of landlords unable to recoup pet damage costs: Propertymark

Pet damage poses more of a risk than the damage inflicted by adult tenants, with 85.3% of landlords and agents saying they have experienced pet-related damage, according to the latest data from Propertymark. The survey was undertaken by Propertymark and the National Residential Landlords Association (NRLA) along with LandlordZone and pets charity AdvoCATS and had … Read more

Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively, even to prevent ‘amazing damage.’ Here are 3 spots he likes for your money

‘They’ll chicken out’: Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively, even to prevent ‘amazing damage.’ Here are 3 spots he likes for your money The Fed is raising interest rates aggressively in an attempt to tame raging inflation. But according to legendary investor Rick Rule, former president and CEO of … Read more

North Dakota Governor Wants Federal Aid to Deal with Spring Storm Damage

Gov. Doug Burgum is asking for some federal help in dealing with $57 million in public infrastructure damage caused by severe spring storms and flooding in North Dakota. Burgum has requested a presidential disaster declaration that would provide federal aid to help repair roads, bridges and railways. The request involves 40 of the state’s 53 … Read more

Motorist claim accepted after pre-existing damage denial ruled out – Daily – Insurance News

Motorist claim accepted after pre-existing damage denial ruled out 23 June 2022 A motorist who did not disclose a pre-existing dent on her vehicle will have her third-party fire and theft policy claim covered after an Australian Financial Complaints Authority hearing ruled in her favour. Pacific International Insurance denied the woman’s claim, saying she breached … Read more

Homeowner awarded cover for earthquake damage – Daily – Insurance News

A homeowner has won his dispute claim against Youi after an Australian Financial Complaints Authority (AFCA) ruling determined that last year’s Victorian earthquake caused his garage ceiling to collapse. The insurer is required to pay the homeowner $4356 plus interest after he successfully challenged the claim denial. The complainant said last September’s earthquake created significant … Read more

Tornado, Storms Cause Structural Damage, Power Outages

MAUSTON, Wis. (AP) — Powerful storms that included at least one tornado took down power lines and trees, damaged structures, toppled semis on the interstate and left tens of thousands without electricity in parts of Wisconsin. In western Wisconsin, a tornado damaged barns and homes in Monroe County late Wednesday afternoon, according to sheriff’s officials. … Read more

Derecho in Canada causes $675M in insured damage

A derecho that swept through southern Ontario and parts of Quebec, Canada, in May caused over CAD $875 million ($675.9 million) in insured damage, according to initial estimates by Catastrophe Indices and Quantification Inc.  The storm ranks as the sixth-largest in Canadian history in terms of insured losses, the Insurance Bureau of Canada said in … Read more

Motorist loses dispute over undisclosed pre-existing damage – Daily – Insurance News

Motorist loses dispute over undisclosed pre-existing damage 16 June 2022 A driver who wanted his insurer to repair his car and restore it to its pre-accident condition after a collision has lost a claim dispute because he failed to disclose pre-existing damage when purchasing a comprehensive motor policy six months earlier. The claim was made … Read more

72% of Gulf Coast Homes Have Roofs Susceptible to Hurricane Damage

Arturo released its inaugural report “Hurricane Exposure: The State of Gulf Homes” that analyzes more than 17 million homes across the South Central and Southeast United States ahead of a forecasted above-average hurricane season. The report finds 71.9 percent of rooftops in the U.S. are asphalt shingle, which can only withstand wind speeds up to … Read more

Officials Assess Damage After Historic Yellowstone Floods

A torrent of rain combined with a rapidly melting snowpack caused a deluge of flooding that forced the evacuation of some parts of Yellowstone National Park, cutting off electricity and forcing park officials to close all entrances indefinitely, just as the summer tourist season was ramping up. While numerous homes and other structures were destroyed, … Read more