The rate of earthquakes in Oklahoma has increased by about 50 percent since October 2013, significantly increasing the chance for a damaging quake in the central part of the state, federal and state agencies said. The U.S. Geological Survey and …
Smith County Sees the Most Lightning Strikes Texas storms clobbered more Allstate insured homes in Midland than any other part of the state over the past five years, while Smith county saw the highest frequency of lightning. Allstate tallied the …
The Florida House has rejected a proposal that would have shifted some homeowners away from the state-backed Citizens Property Insurance and into private surplus lines insurers. The Florida Senate narrowly voted for the measure but the House stripped out that …
Forecasters at the National Hurricane Center hope new color-coded maps they’re trying out this year will simplify two important points about storm surge for coastal residents: how far from the beach the water will spread and how high that water …
Florida’s largest property insurer is preparing to transfer $3.1 billion in risk through a combination of reinsurance catastrophe bonds, including a $1.5 billion deal that is the largest of its kind on record. The Citizens Property Insurance Corp. board of …
Chester A. McPherson, who has been serving as interim commissioner for the Washington, D.C., Department of Insurance, Securities and Banking (DISB), has been appointed as acting commissioner, D.C. Mayor Vincent C. Gray’s office announced. McPherson has been the department’s interim …
The Federal Emergency Management Agency (FEMA) issued a bulletin on April 28 announcing that it will grant an additional extension to Superstorm Sandy victims for the “proof of loss” filing deadline for their flood insurance claims. Under the National Flood …
New Jersey officials say they dispersed just 25 percent of the state’s first large allocation of federal Superstorm Sandy aid in the first 11 months. That is a finding of a quarterly state report recently released on the dozens of …
A settlement filed with a federal bankruptcy judge would create a fund of more than $100 million to compensate victims of a nationwide meningitis outbreak linked to a Massachusetts pharmacy, lawyers said on May 6. The outbreak, blamed on a …
The Massachusetts Division of Insurance (DOI) announced on May 1 it reached an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state agencies and policyholders. Under the agreement, GEICO will …
