From Nov. 2005 to Nov. 2006, the number of federal flood policies jumped more than 13 percent, far more than normal. Remapping California flood zones might spur wave of policy sales Homeowners who witnessed the devastation wrought by Hurricane Katrina …
A recent proclamation by California Insurance Commissioner Steve Poizner is allowing out-of-state insurance adjusters to be dispatched to California’s agricultural community to assist in the state of emergency resulting from January’s five days of freezing temperatures. The Commissioner said he …
Report: Customer satisfaction doesn’t guarantee loyalty The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, …
Oregon task force aims to improve construction Oregon’s Construction Claims Task Force has released a report noting 11 recommendations to help protect homeowners from construction defects and ensure affordable liability insurance for contractors. Highlights of the recommendations include: • Changing …
Report: Drivers’ age, gender factors in severity of accident injuries Understanding the differences among drivers in different gender and age categories is crucial to preventing serious injuries, according to researchers in a new study showing statistical differences in traffic-accident injuries …
Hundreds of Seattle residents want city to pay for flood damage Hundreds of Seattle residents want the city to pay them for flood damage caused by the city’s stormwater and sewage systems that were overwhelmed during Dec. 2006’s windstorm. More …
Study: 20% of customers consider switching insurers after collision Nearly one out of every five customers considers switching insurance companies after a collision claim, according to a new the J.D. Power study. “Filing an insurance claim is a critical moment …
N.Y.’s Interboro back in business New York officials announced that the Interboro Mutual Indemnity Insurance Co. is on track to emerge in early 2007 from three years of insolvency and subsequent rehabilitation and return to the marketplace as a private …
R.I. lawmakers study ways to assist coastal homeowners A group of Rhode Island legislators examining insurance companies’ recent changes to homeowners’ policies for coastal areas met recently at the University of Rhode Island’s Bay Campus to review a model of …
Mass. Gov. Patrick replaces commissioner; halts high risk plan Massachusetts Gov. Deval Patrick has taken steps to install his own appointee as insurance commissioner and halted the ongoing implementation of reforms to the state’s auto insurance high risk pool championed …
