Property Insurance News

03/16/2018 11:30 AM
Online Receipt Generator Used In Fraudulent Theft Claim
Processing a property theft claim? Check your claimant’s receipts carefully. Saskatchewan Government Insurance (SGI) announced Thursday that it busted a $25¸000 insurance scam last year for stolen jewelry by uncovering a handy-dandy – if illegal — online fake receipt generator. A would-be thief made a claim on an SGI Canada property policy for expensive clothes¸ computer equipment and jewelry¸ providing the insurer with receipts for the items. The receipt for an expensive diamond ring drew the attention of the insurer’s special investigation unit (SIU)¸ which uncovered $7 million in fraudulent insurance claims last year.

03/16/2018 10:30 AM
Fire¸ Explosions Demolish Texas Chemical Plant
A blaze has erupted at a Texas chemical plant along with a series of powerful blasts. One person is missing following the incident and believed to be buried under the wreckage. The fire at the Tri-Chem Industries Plant¸ which manufactures products like soap and acid¸ erupted at the building along with a series of violent explosions. According to NBC Dallas-Fort Worth¸ a large fire was observed at the plant near Cresson at around 9:45 am local time. Cresson authorities have also reportedly told anyone who came into contact with the smoke that emanated from the fire to go to a hospital and get “checked out.”

03/15/2018 08:45 AM
$364K In Fire Damage To Memphis Apartment Complex
One person is dead after a fire broke out at a Memphis apartment complex. The fire broke out at Whispering Pines Apartments on Dwight Road just after 1 a.m. By the time Memphis Fire Department was able to get to the fire¸ it had badly damaged the second floor of the apartment complex. Firefighters tried to get inside but couldn’t. "It was just blazing¸ people were running and trying to get their kids situated. It was just chaotic¸" Ronnie Ware said. Fire crews took nearly an hour to get the fire under control before they could get inside and search the apartments.

03/14/2018 10:15 AM
Six Months Later: A Look At Hurricane Irma By The Numbers
She was fast¸ she was furious¸ and she wreaked havoc across the Atlantic basin. Hurricane Irma struck the Caribbean and southern Florida six months ago¸ but her impact is still being felt to this day. Here is a look back at Irma by the numbers¸ courtesy of the National Hurricane Center¸ National Oceanic and Atmospheric Administration¸ and National Weather Service. Irma made seven landfalls between September 6 and September 10¸ 2017. Landfalls occurred in Barbuda¸ St. Martin¸ the British Virgin Islands¸ Bahamas¸ Cuba¸ Florida Keys¸ and SWFL respectively. Estimated surface wind speeds during landfall at Barbuda¸ St. Martin¸ and the British Virgin Islands were reported to have been around 178 mph.

03/13/2018 11:15 AM
Police Warn Of Insurance Scam That Could Lead To Burglaries
Police are sending out a warning to homeowners about a new scam that could lead to a burglary. The Sharpsville Town Marshal’s Office is investigating after a man was caught taking pictures of a home for a fake insurance company. The homeowner told Marshal Ray Sheppard that the man told him he was from Mutual Reliable Insurance. Sheppard said he doesn’t believe that insurance company exists. The homeowner then asked the man for credentials¸ which he couldn’t provide. Sheppard said the suspect even knew the homeowner’s name.

03/13/2018 10:15 AM
Huge Hailstones Damages Homes¸ Cars In White Hall¸ Arkansas
"Then next thing you know¸ you hear this shattering¸" Greg Yeghoian says while pointing to his car in his driveway. Sounds from Saturday leave behind damage that screams for repairs on Monday. "My car is only four months old¸" Yeghoian says. Violent hail in White Hall pelted Yeghoian’s property¸ punching divots in his yard¸ breaking into his car and scraping his house. "Just a little under baseball size hail¸" Yeghoian says while pulling up photos on his phone. Mother nature’s curve ball has roofers swinging for the shingles.

03/13/2018 09:15 AM
5-Alarm Fire At NE Portland Car Yard Consumes Nearby Homes
A car lot fire at Northeast 75th Avenue and Northeast Killingsworth Street grew to five alarms Monday and sent thick dark smoke billowing through the metro area. Firefighters said the water supply is difficult in the area of the fire. Portland Fire & Rescue issued a one mile “shelter in place” zone around the fire. People inside homes in the immediate area of the fire were told to evacuate. “I could see the smoke billowing up from our house over there¸ and just saw that get bigger and bigger as we walked over¸" James Nielson told FOX 12. A nearby apartment building and duplex were destroyed by the fire.

03/12/2018 12:00 PM
Insured Losses From Southern Ontario Flooding Estimated To Exceed $25M
Aon Benfield’s catastrophe model development team¸ Impact Forecasting¸ is estimating total economic and insured losses in the tens of millions (U.S. dollars) for the recent flooding in southern Ontario. Catastrophe Indices and Quantification Inc. (CatIQ) told Canadian Underwriter in late February that it does expect insured losses to exceed $25 million¸ but did not anticipate insured loss figures until mid to late March. The flooding in southern Ontario was prompted by heavy rainfall associated with a storm system in the United States¸ Impact Forecasting wrote in its Global Catastrophe Recap report for February¸ released Thursday.

03/12/2018 10:15 AM
Straight-Line Winds¸ Large Hail Cause Damage In Eastern Texas
Two people have been confirmed dead following severe storms that produced golfball-sized hail across East Texas on Saturday night. The National Weather Service sent a team from its Shreveport office to Marion County to survey the damage following the severe weather¸ and they arrived at the scene at approximately noon Sunday. The team’s preliminary findings show that there was no tornado in the Lake o’ the Pines area. They say that straight-line winds from 80-90 mph caused the trees in wet¸ saturated ground to topple during the storms.

03/12/2018 09:15 AM
Faulty Fire Sprinkler Ruins Roseville¸ Californina Home
A Roseville homeowner is sounding the alarm after a malfunctioning fire sprinkler destroyed her house. Durlye Warren’s home is now gutted¸ the carpets ripped up¸ and the frame of her house exposed. “It’s not fair; it’s not fair; this is my home¸” Warren said. “And now I have to worry¸ ‘do I have mold in my house?’ My daughter is allergic.” Her neighbors are now fired up too¸ concerned over the danger faulty fire sprinklers could pose to them. A hundred people packed a Roseville library meeting room demanding answers from the company that built their homes. A Lennar Homes spokesperson promised inspections soon.