The harsh weather of spring, including hard rains, flooding and tornadoes, has already hit parts of the Midwest and the South. It’s a reminder to small business owners everywhere that they need to be ready when disaster strikes. Preparing for …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) continues to produce positive investment returns, “based,” it said, “on its diverse investment portfolio and conservative approach to investment. “These returns have allowed the CCRIF to increase its claims-paying capacity and facilitate a …
Gov. Charlie Crist and the Florida Cabinet received a bit of encouraging news this week about the state’s tenuous hurricane catastrophe fund. The head of the agency responsible for Florida’s investments told them a loosening credit market provides the ability …
Due to budget cuts, the state of New Hampshire has laid off eight full-time fire tower wardens and has offered them part-time work, and only on days when the risk of fire is greatest. Brad Simpkins, interim director of the …
Insured property losses from recent wildfires in Oklahoma could reach $20 million dollars, according to Southwestern Insurance Information Services president Jerry Johns. Johns said “catastrophic and huge” claims are expected. He says a better estimate will be available within a …
Texas Attorney General Greg Abbott has charged three men with operating an unlawful construction scheme that targeted Hurricane Ike victims. The AG’s lawsuit charges Benton R. Barber with operating several unregistered businesses – 1 Day Roof, Roof Teams and Roof …
The band of weekend storms blamed for one man’s death in South Carolina also caused at least $6 million in damages, officials said. Nearly 2,000 insurance claims had been filed by Monday afternoon and preliminary damage estimates were expected to …
Violent weather that struck Georgia on April 10 caused an estimated $60 million in insured losses, according to Insurance and Safety Fire Commissioner John W. Oxendine. “That’s a preliminary figure from the insurance companies we’ve surveyed so far,” Oxendine said. …
Arkansas Insurance Commissioner Jay Bradford issued a reminder in the wake of recent violent weather that public adjusters are not permitted in the state. Only adjusters whose salary is paid by the insurance company he or she represents are allowed. …
Up to 465 students in Mena, Ark., will have to attend classes elsewhere after a tornado on April 9 damaged the Mena Middle School so severely that the building will have to be condemned. Officials say that as many as …
