It remains one of the most difficult issues to deal within the world of property insurance. Homeowners’ insurance policies usually contain a provision obligating the carrier to repair or replace an insured’s damaged property with “material of like kind and quality” or with “similar material.”
Nearly 15,000 trucks manufactured by Paccar, Daimler and Autocar are being recalled for various defects, according to recent documents from the National Highway Traffic Safety Administration.
Unique uses of technology as evidence, which is a growing part of court cases, has earned a local prosecutor national recognition for convictions in two notable area cases.
Rain, freezing rain and sleet combined to create a nightmare on roads and bridges in southern Summit and Stark counties early Thursday, resulting in numerous crashes and one fatality.
Progressive Insurance Co.s Snapshot Program is the focus of a proposed class action lawsuit filed in Ohio district court. According to the 13-page complaint, the Snapshot device that drivers plug directly into their cars to collect data for the purpose of calculating insurance rates is defective to the extent that it may significantly damage the users vehicle.
The storms that came through central Ohio Wednesday morning left major damage on the east side of Columbus. The National Weather Service confirmed that an EF-1 tornado is responsible.
Insurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage.
Authorities are offering a $5,000 reward to anyone who has information about a mysterious Ohio home explosion, which killed one and critically injured another.
Twelve states will each see insured damages topping $100 million as the weather system that hit the U.S. from May 11-16 caused a total of $2.5 billion in commercial and residential claims, according to a report Tuesday from Boston-based catastrophe modeler Karen Clark & Co.
For the first time, the National Transportation Safety Board is recommending all new school buses be equipped with lap and shoulder seat belts, after the agency released findings from a special investigation report prompted by two deadly 2016 crashes.
At its core, the industry is plagued by an inherent conflict of interest. Our customers dont have an industry expert advocating solely on their behalf; the experts have financial incentives coming from the insurance industry.
The National Insurance Crime Bureau (NICB) today released a study on the number of animal-related insurance losses for the years 20142017. The data is gleaned from insurance claims for losses that occurred in all 50 states plus the District of Columbia.
Cincinnati fire crews responded to a small fire inside the Cincinnati Zoo and Botanical Garden Monday. It happened around 5:30 p.m. at the Safari Grill, according to a zoo spokesperson.
A catastrophe report has found that the US re/insurance sector is on the hook for more than half of the total economic loss in April resulting from severe convective weather such as thunderstorms and tornados.