Catastrophe & Restoration

Unscrupulous contractors, lawyers and their legal tool, Assignment of Benefits, has inflicted countless painful injuries to not only the insurance industry but also to homeowners as well.

Allianz SE is sticking with its full-year profit target as improving returns offset a jump in losses from natural catastrophes.

Bedrock Leasing Corp. filed its complaint to collect on part of the $10 million policy it held with Lexington Insurance Co. after a contractual two-year window for doing so had expired.

Tornadoes accounted for 40.2 percent of insured catastrophe losses from 1996 to 2015, according to Verisks Property Claim Services.

More than 230 people sought refuge from the storms Sunday night in 25 shelters across six states.

When negotiating an insurance claim, the parties often exchange emails. But when do those emails become a settlement and not just continued negotiations?