Ohio’s Feb. 11-12 windstorm caused at least $88.9 million in damages, based on preliminary insured loss estimates from the Ohio Insurance Institute (OII), an insurance industry trade group. Widespread losses were reported by a number of Ohio insurers. Unseasonably warm …
A bill introduced into the Oklahoma State Senate that provides tax credits for victims of the Feb. 10, 2009, storms that destroyed dozens of homes and businesses and caused multiple fatalities is now headed to the House of Representatives. Sen. …
The Sierra Club, American Rivers and Taxpayers for Common Sense– all members of the Americans for Smart Natural Catastrophe Policy– are opposing legislation that would add wind insurance coverage to the National Flood Insurance Program (NFIP). According to these groups, …
Iowa Democrats have unveiled a $100 million flood relief package and are negotiating how to pay for it. The biggest part of the plan would be $20 million for flood prevention efforts. The plan sets aside $12.5 million to buy …
The Mississippi Emergency Management Agency is discouraging people from purchasing Mississippi Cottages for housing at an auction in Louisiana next month because the units were damaged by Hurricanes Gustav and Ike. MEMA Director Mike Womack wants to caution potential buyers …
A new study, released by the UK-based Maplecroft, has determined that “the increase in both frequency and severity of climate related disasters is increasingly impacting upon developed and emerging economies.” Maplecroft, according to its web site (www.maplecroft.com ) provides quantitative …
Coastal insurance bills face a test in the Alabama Legislature. The House and Senate Banking and Insurance committees met in joint session on Wednesday to take up legislation aimed at providing relief to homeowners along the coast. The meeting was …
Iowa has been awarded nearly $11 million in federal floods for flood recovery. The grants from the Federal Emergency Management Agency are to help with rebuilding projects at the University of Iowa and in Linn County. More than $1.2 million …
Citing the high level of catastrophic risk exposure Florida faces, Chief Financial Officer Alex Sink today suggested guidelines for the Legislature to follow in working to reduce the state’s hurricane risk. CFO Sink advocated gradual steps, maintaining that Florida property …
The state board that oversees the fund designed to pay homeowner claims in the event of a catastrophic hurricane searched this week for ways to reduce its risk with hurricane season only months away. The Board of Administration, comprised of …
