In a case of competing deductibles, a federal appeals court has sided with an insurer and against the owner of two Houston office buildings, holding that a larger windstorm deductible applied to flood damage caused by Hurricane Harvey rather than …
A home warranty contract is an insurance contract. That’s the conclusion of the Oklahoma Supreme Court in a case in which the plaintiffs challenged a mandatory arbitration provision in a home warranty contract, maintaining such provisions are not legal under …
As the Atlantic hurricane season gets underway, a new report analyzing 100 of the largest U.S. cities shows where homeowners face the greatest financial risk and exposure to flooding. According to the personal financial website ValuePenguin.com’s analysis, there are only …
For more than a century, New Orleans has depended on canals and pumps to get rid of stormwater in a city where about half the land is below sea level. Now the bustling Mississippi River port that expanded by filling …
Florida has officially started hurricane season and a new survey shows a majority of residents are more concerned for this year’s potential storms than in previous years, given the simultaneous continuing issues related to the COVID-19 pandemic. According to a …
Reinsurance coverage for the Florida Hurricane Catastrophe Fund was not purchased for this year’s hurricane season after overseers of the fund evaluated the market and found a lack of private capital availability. In a statement, John Kuczwanski, manager of External …
Jon got the mail as he pulled up into the drive. There was a thick envelope from the credit card company. Jon opened it, and the balance was much bigger than he’d expected. Jon and his wife had a bad …
Mississippi has established a website where owners of small businesses can soon start applying for grants funded by a federal coronavirus pandemic relief package, Gov. Tate Reeves said. The site – backtobusinessms.org – has rules for the program created by …
As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities following the death of George …
A Nevada-based property management company that issued eviction notices to tenants in Tacoma during the coronavirus pandemic has agreed to pay nearly $350,000 to resolve a lawsuit filed by Washington state Attorney General Bob Ferguson. The money includes nearly $300,000 …
