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More Homeowners Claims Equal Higher Insurance Prices in Missouri

Severe weather trends causing an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say. A recent report, Missouri Homeowners Insurance — Premium & Losses, by the Missouri Department of Commerce and Insurance shows that a …

Why Flood Should be a Covered Cause of Loss in Property Insurance

There’s something fun about contemplating flood insurance while the ground outside the office is so saturated that it’s like walking on sponges. No. We aren’t having a flood event and even if we were, there’s a good chance that most …

Ohio Supreme Court: Armed School Employees Must Have Training

School districts that allow employees to be armed must also require police-level training for those workers, a divided Ohio Supreme Court ruled on June 23 in a victory for a group of parents who challenged a local district’s armed employee …

4 Texas Windstorm Insurance Bills Signed by Governor in 2021

In previous legislative years, Texas lawmakers have attempted to tackle the problems of funding for and management of Texas’ insurer of last resort for wind and hail for seacoast properties. This year, numerous pieces of legislation relating to the Texas …

Allstate CEO Strategy: More Independent Agents But No More ‘Human Modems’

Allstate Corp. wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters last month. But the agents will be there to talk …

Child Sex Abuse Victims to Have More Time to File Suit in Louisiana

Gov. John Bel Edwards has signed legislation removing deadlines for Louisiana’s child sex abuse victims to pursue damages in civil court, delivering a victory to survivors of abuse at the hands of Catholic clergy. The new law, taking effect Aug. …

Forgotten Your Passwords? They Soon May Be Lost Altogether – with Insurers’ Help

The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. While a shocking statistic, when you learn that the most popular password of 2020 was “123456,” this news becomes somewhat …

Hurricanes: Not If, But When, How Many, How Intense

Like death and taxes, the annual hurricane season can be counted on as a sure thing. The number and intensity of named storms may vary each year, as well as where they occur and whether or not they make landfall. …

Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing

Insurance Services Office (ISO) has released its upcoming homeowners’ multi-state filing. This first major revision in over 11 years is filed to be effective in March 2022. Within this filing, ISO: Introduced one new form and 12 new endorsements; Revised …

Insurers Can’t Mandate Use of Designated Auto Repair Shop, Arkansas Commissioner Says

Arkansas Insurance Commissioner Alan McClain has reminded insured Arkansans seeking automobile repairs that insurance companies cannot require automobile repairs be done at a specific repair shop. “If an insurer inaccurately informs you that your vehicle’s coverage is contingent upon utilizing …

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