The 2017 wildfires in California highlight the need for homeowners to make sure they check with their insurers annually to make sure sufficient coverage is in place for rebuilding costs, including whether building-code upgrade coverage is necessary. PCI's Mark Sektnan says homeowners need to keep an updated video library of their belongings, including any items stored in places such as drawers or the garage.
Two confirmed tornadoes hit Alabama's Baldwin County on Sunday, resulting in property damage and four people injured when one of the tornadoes hit an RV park. Tornadoes also caused damage in Louisiana and Florida on Sunday, and the East Coast is bracing for a severe storm that is prompting flood watches in the Southeast.
A wildfire that has burned more than 288,000 acres in western Oklahoma was 49% contained as of Sunday, while the state's second-biggest wildfire was 85% contained, Oklahoma forestry officials said. Burn bans are in place in 36 counties, while the chance of rain will increase Tuesday and Wednesday.
Forecasters at North Carolina State University say the 2018 Atlantic hurricane season could bring 14 to 18 tropical storms and hurricanes, compared with the long-term average of 11 named storms. Between seven and 11 of the storms could become hurricanes, with three to five of those growing to Category 3 or stronger.
A study published in Geophysical Research Letters details the geochemically diverse architecture of the two magma chambers, one layered atop the other, in an active volcano at Yellowstone National Park. Scientists say the volcano is showing no signs of making a fourth major eruption, and its most recent big eruption occurred 630,000 years ago.
While 70% of respondents to a Fox Rothschild survey said their organizations had cyberinsurance policies, only a fifth had filed a claim in the past five years. The study indicates that brokers need a better understanding of the cyberinsurance claims process and that executives to have brokers or lawyers with strong knowledge of what is covered under a cyberinsurance policy, said Mark McCreary of Fox Rothschild.
Experts are warning that more attacks may be on the horizon for pipeline companies after Latitude Technologies' electronic data interchange system was cyberattacked. Attacks could spoof transactions, which could delay shipments and lead to natural gas shortages, or could be used to physically control equipment, security experts warn.
NAIFA's governance committee has nominated Tom Michel for the post of secretary for the 2018-19 term. The nomination puts Michel, who is managing director of Los Angeles-based Michel Financial Group, on track to one day become NAIFA's president.
The Trump administration reportedly plans to roll back a rule meant to protect patients from discrimination based on age, color, disability, national origin, race and sex under federal-backed health programs after a federal judge ruled that certain parts of the rule were unlawful.
Senate Minority Leader Chuck Schumer, D-N.Y., intends to file a bill today that would decriminalize marijuana, removing it from the federally scheduled substances list that includes heroin. The legislation also would provide funding for research into the drug's health effects as well as for marijuana businesses owned by women and minorities.