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The Record - A major automobile importer that suffered severe damage when Superstorm Sandy swept over New Jersey ports in October 2012 has accused its insurance company of refusing to pay "large portions" of its claims. A lawsuit filed by FAPS Inc., which had 4,000 cars destroyed when water surged over its facility in Port Newark, claims that The Travelers Indemnity Co. of Hartford, Conn., has "improperly denied" claims related to the storm. Company owner August LoBue said the claim is not about the loss of the cars, because the shipping contracts signed by the manufacturers make it clear that they are responsible for damage due to "acts of God," which is known as "force majeure."
Tuesday, May 05, 2015
The Atlanta Journal Constitution - DeKalb County firefighters were forced to retreat from a large apartment fire that destroyed much of the building but resulted in at least no human injuries. Firefighters confronted heavy flames and smoke when arriving at the complex off of Briarcliff Road, but in the end, they had to move into containment mode and fight the flames from the outside, Deputy Chief Norman Augustin said. “We attempted an aggressive interior attack, but we were overcome by flames and we had to back out,” Augustin said. “Unfortunately, it was basically more fire than we had resources, so the fire kind of got a way from us.”
Monday, May 04, 2015
Insurance Information Institute - The Kentucky Derby is upon us and insurers are more than just spectators at this major sporting event. Bloodstock and equestrian insurance is big business with underwriters who specialize in offering tailored protection for high value animals. Consider the staggering values at stake. A BloombergBusiness article by Mason Levinson tells the tale of American thoroughbred racehorse Tapit. Tapit began his stud career with an initial stallion fee of $15,000. That fee has soared 20-fold in the past decade and in 2015 Tapit will generate over $30 million for his owners. Why? Tapit’s offspring tend to win races.
Friday, May 01, 2015
NBC Washington - D.C. Mayor Muriel Bowser confirms that some people are missing following a three-story collapse at a Watergate complex parking garage Friday morning. "Not everyone is accounted for," she said. The "pancake collapse" at the garage has also injured at least one person and crushed at least one vehicle Friday morning. Three stories of the garage apparently collapsed, said D.C. Fire & EMS spokesman Oscar Mendez. Firefighters were called to the scene just after 10 a.m. Friday. There is one minor injury confirmed. That person has been taken to a hospital.
Friday, May 01, 2015
KXAN - The Senate has approved imposing limits on Texas homeowners filing insurance claims for roof damage following hailstorms — despite opponents’ worries it favors insurers over policyholders. Republican Sen. Larry Taylor’s proposal establishes deadlines for filing claims and strengthens penalties for inflating claims adjustments. It passed 21-10 on Thursday, a day after hours of debate and a preliminary vote. Taylor said it will stop groups trolling neighborhoods after large storms, signing up people with only minimal damage in hopes of building large and unnecessary lawsuits against insurers.
Friday, May 01, 2015
WPRI - Nancy Page first thought a pipe burst when she returned home late last week and saw water pouring from the garage ceiling. When she went upstairs and checked the bathroom, she discovered the real culprit. “I saw the red head and neck, and I knew that was a turkey,” Page said. The wild turkey had crashed through the bathroom window, and somehow turned on the sink. It also left behind its own mess. “Turkey poop. Everywhere,” according to Page. She first called 911, then called her husband. Dan Peres was teaching a class at New England Tech when he got the strange news.
Friday, May 01, 2015
KVUE - Insurance claims in Texas are expected to spike after four storms in less than two weeks moved across the state, producing damaging winds, hail and tornadoes. According to the Insurance Council of Texas, claim adjusters could see 60,000 auto insurance claims alone from the storms. The April 26 storm produced 11 tornadoes and softball-sized hail in northern Texas. Many of the month’s large hail events were outside city centers, but none moved into a city’s downtown. A storm the evening of April 18 near Austin caused damage to around 75 percent of Lake Travis ISD’s school bus fleet.
Friday, May 01, 2015
Quad-City Times - A Davenport man accused of setting two fires at a home he was fixing up was released Wednesday from the Scott County Jail after posting bond. Ky Bao Lai, 43, was arrested Tuesday night and charged with first-degree arson, punishable by up to 25 years in prison; second-degree arson, punishable by up to 10 years in prison; and insurance fraud, punishable by up to five years in prison. Lai will be back in court May 8. According to arrest and search warrant affidavits, Lai purchased a home in February in the 900 block of East 15th Street in Davenport and was fixing it up in order to sell it.
Thursday, April 30, 2015
KSAZ - Police are tracking down more than three dozen firearms and a substantial amount of ammunition stolen from a Kingman home. The Kingman Daily Miner reports that witnesses told police they saw a mid-1990s, grey Chevrolet Silverado haul away a safe Saturday night. Police say 38 firearms, jewelry and silver were taken from the home. Officers executed a search warrant at another home Tuesday afternoon. No arrests were made, but the Mohave County Sheriff’s Office Tactical Operations Unit and the Kingman Police Department’s armored vehicle were present as a precaution due the large number of weapons stolen.
Thursday, April 30, 2015
KTLA - An animal trailer overturned after a crash on the 210 Freeway in Sylmar Wednesday, prompting the rescue of several farm animals, the closure of multiple lanes of travel and miles of traffic backup. The collision occurred just before 11 a.m. on the westbound 210 Freeway at Hubbard Street, according the California Highway Patrol’s online traffic incident log. Aerial video showed a Ford F-450 pickup truck that was towing a trailer went up the side of an embankment, and the trailer turned onto its side on the right shoulder.
Thursday, April 30, 2015
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