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Dual tornadoes destroy more than half the structures in Nebraska town
On June 16, two tornadoes ripped through rural Stanton County, causing several deaths and extensive damage to residential, commercial and farm & ranch properties.
Wildfire risk to remain elevated in California throughout the summer
Insurance carriers need to adapt to the increased risk from wildfires.
More states release warnings about hurricane season
Officials in Massachusetts and Virginia are raising awareness about widespread weather risks that escalate in the spring and summer.
Hail season is underway and the claims are piling up already
More than $100 million in insurance claims have been filed in connection with a hail storm that hit southern Colorado in late May
Can high demand for housing affect replacement costs?
For properties of all kinds, it is important to distinguish between the sales price—what a consumer pays to buy the property—and the replacement cost valuation—what it would cost to replace the structure.
Property damage from extreme weather events expected to increase
Last year, researchers at Stanford University released a study that examines the outlook for extreme weather affecting the United States.
Web-based services provide value to companies in multiple industries
A recent survey of more than 500 U.S. companies administered by Microsoft revealed that firms increasingly see value in using cloud-based services in their daily operations.
Hurricanes may not be the most prominent risk this summer
Forecasts for summer 2014 are taking shape as we move toward the start of the season, which should serve as a reminder to property owners, insurance carriers and financial institutions that severe weather may be on the way and up-to-date valuations for residential structures are important for Insurance-to-Value (ITV) and collateral value monitoring.
Columbus police still dealing with effects of burst pipes in headquarters
Months after burst pipes flooded the police headquarters in Columbus, Ohio, the city is still waiting to hear how much of the damage will be covered by insurance.
National Home Improvement Month may necessitate new valuations for residential properties
May is National Home Improvement Month, which means that many homeowners may be gearing up to start ambitious remodeling projects in the near future.
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