deductibles News

‘We’re All Going to See the Impact’ – Beryl Could Worsen Texas Insurance Crisis

Insurance agent Ian Hartgrove was one of many Houston residents caught off guard by the size of Hurricane Beryl, which made landfall on the Texas Gulf Coast Monday morning. Beryl had weakened to a Category 1 hurricane by the time …

Womack Named Vice Chair, Morrison Secretary-Treasurer at Texas Windstorm Insurer

The board of directors of the Texas Windstorm Insurance Association (TWIA) have elected two individuals to fill the recently vacated executive positions of vice chair and secretary-treasurer. TWIA public representative member Chandra Womack has been elected vice chair and insurer …

Should you care about deductibles?

The deductible is such a familiar part of insurance that everyone thinks that they know everything about them. Yet, our customers have a different perspective on them. Our customers think that the deductible is just a way for us to …

California Earthquake Authority’s 2016 Changes Aim to Increase Policy Count

It’s about the closest thing to DIY earthquake insurance as one can get, though there’s definitely no indication that the newest consumer-friendly features being rolled out by the California Earthquake Authority will enable people to do without their agents. CEA …

Under Pressure, Louisiana Lowers Health Insurance Costs for State Workers

Under pressure from lawmakers and retirees, Gov. Bobby Jindal’s administration announced it will lessen the impact of upcoming changes for the state worker health insurance program. Increases in out-of-pocket costs and deductibles that had been planned for retirees effective March …

Missouri Law Bars Contractors from Paying Deductibles on Commercial Property

Missouri lawmakers have given final approval to legislation that supporters say is aimed at protecting commercial property. A 2011 Missouri law bars residential contractors who fix roofs or complete other exterior repairs on homes from offering to pay insurance deductibles …

Va. Boy Sets Up Lemonade Stand to Help Pay Neighbor’s $500 Deductible

An 8-year-old Springfield boy who set up a lemonade stand to help his neighbors rebuild their home after it was damaged by a recent storm has surpassed his goal.

Vermont Towns Seek Donations to Help People Post-Irene

Vermont communities recovering from Tropical Storm Irene are seeking donations to help urgent family housing needs. Until state and federal money is available, officials in Waterbury say donations would help solve some housing problems. Several donation funds are available, such …

Connecticut Asks Insurers to Waive Storm Deductibles for Irene Damages

Connecticut is negotiating with several insurance companies to waive hurricane policy deductibles for coastal homeowners whose properties were damaged or destroyed by Tropical Storm Irene, Gov. Dannel P. Malloy said. Malloy said 244 homes had been deemed to be destroyed …

Earthquake, Hurricane Keep Maryland Insurance Agents Busy

First came the earthquake; then the hurricane. Now comes the bill. And with any luck, you have a decent insurance policy that will cover the cost of most, if not all, of the damages sustained in one or both natural …