Global Insurance Agency

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy
https://www.insurancejournal.com/news/east/2024/08/16/788623.htm

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible.

Tornado Havoc Has Ohio Residents Facing Week-Long Power Cuts
https://www.insurancejournal.com/news/midwest/2024/08/14/788419.htm

Tropical Storm Ernesto Drenches Puerto Rico on Path Northward
https://www.insurancejournal.com/news/national/2024/08/14/788343.htm

Debby’s Florida Claims Already Near 12,000 as Yaworsky Says Market is Strengthening
https://www.insurancejournal.com/news/southeast/2024/08/12/787900.htm

Debby's Florida Claims Already Near 12,000 as Yaworsky Says Market is Strengthening The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the the number of claims filed in

Four Suspected Houthi Attacks Target Ship Off Yemen, Authorities Say
https://www.insurancejournal.com/news/international/2024/08/12/787969.htm

Four Suspected Houthi Attacks Target Ship Off Yemen, Authorities Say Four suspected attacks by Yemen's Houthi rebels targeted a Liberian-flagged oil tanker in the strategic Bab el-Mandeb Strait linking the Gulf of Aden to

Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses

https://www.insurancejournal.com/news/international/2024/08/08/787406.htm

Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year average, according to

Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses
https://www.insurancejournal.com/news/national/2024/08/02/786766.htm

Hurricane Debby Brings Six Deaths, Widespread Flood Losses in Florida, Georgia, SC
https://www.insurancejournal.com/news/southeast/2024/08/06/787224.htm

Hurricane Debby Brings Six Deaths, Widespread Flood Losses in Florida, Georgia, SC Hurricane Debby left at least six people dead Monday along with widespread flooding in the same parts of Florida and Georgia that were swamped by

Push for Flood Mitigation Draws Concerns Over Impact in Mississippi and Louisiana
https://www.insurancejournal.com/news/southeast/2024/08/05/787069.htm

Push for Flood Mitigation Draws Concerns Over Impact in Mississippi and Louisiana JACKSON, Miss. (AP) — Flooding left squishy, stinky messes in hundreds of homes in Mississippi's capital city in 2020 — a recurring problem when heavy

Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida
https://www.insurancejournal.com/news/southeast/2024/08/02/786813.htm

Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov.

CrowdStrike Is Sued by Shareholders Over Huge Software Outage
https://www.insurancejournal.com/news/national/2024/08/01/786457.htm

Verisk’s PCS Classifies CrowdStrike Incident as a Cyber Catastrophe
https://www.insurancejournal.com/news/national/2024/07/31/786319.htm

Verisk's PCS Classifies CrowdStrike Incident as a Cyber Catastrophe Verisk's Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event.

Damaging West Texas Earthquakes Likely Caused by Oil and Gas Activity: USGS
https://www.insurancejournal.com/news/southcentral/2024/07/31/786261.htm #

Damaging West Texas Earthquakes Likely Caused by Oil and Gas Activity: USGS Damaging earthquakes that rocked West Texas in recent days were likely caused by oil and gas activity in an area that has weathered tremors for decades,

AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023
https://www.insurancejournal.com/news/national/2024/07/29/785965.htm #

Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos
https://insurancejournal.com/news/southeast/2024/07/29/785899.htm #

Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos Allstate's Florida subsidiaries are nonrenewing some 33,000 condominium unit policies over the next several months, delivering another blow for

ZestyAI Receives Texas Approval to Use Severe Convective Storm Products
https://www.insurancejournal.com/news/southcentral/2024/07/26/785571.htm #

ZestyAI Receives Texas Approval to Use Severe Convective Storm Products ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence (AI), announced it has received approval for use

Houston City Council Approves Plan to Increase Federal Flood Insurance Discounts

https://www.insurancejournal.com/news/southcentral/2024/07/25/785401.htm #

Houston City Council Approves Plan to Increase Federal Flood Insurance Discounts Houston residents could see a greater discount on their federal flood insurance premiums as soon as next spring after the Houston City Council on Tuesday

Hurricane Beryl Caused $2.5-$4.5B in Estimated Insured Losses, Says Moody’s
https://www.insurancejournal.com/news/southcentral/2024/07/16/784137.htm

With American Mobile Cancellations, Florida Mobile Home Market Has ‘Fallen Apart’
https://www.insurancejournal.com/news/southeast/2024/07/22/784822.htm

Insurers Face Business Interruption Claims After Global Tech Outage
https://www.insurancejournal.com/news/national/2024/07/22/784813.htm #