Insurers continue to tally claims from Tropical Storm Fay after its fourth landfall occurred on the Panhandle. The Florida Office of Insurance Regulation compiled and released the latest numbers from some of the state’s highest volume insurers. As of 8:30 …
Florida Insurance Commissioner Kevin McCarty issued an advisory to remind Florida consumers and authorized insurers that the hurricane deductible of their homeowner’s policy does not apply at this time — because the National Hurricane Center has not upgraded Tropical Storm …
Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 states, according to a new study released yesterday. The federal legislation would …
Record widespread flooding across the Midwest has once again highlighted the catastrophic dam- ages that flooding can cause. Yet a survey conducted for the Insurance Information Institute (I.I.I.) revealed that only 17 percent of Americans have a flood insurance policy. …
S&P Says Nationals Safe, While Midwest- Focused Insurers at Risk N2 | Washington Report House Subcommittee Moves Key Federal Insurance Regulation Bills N4 | Home Insurers Bitten by $350 Million in Dog Claims Average Liability Claim Tops $24,000 N6 | …
An aerial photo shows a flooded area of downtown looking North over Cedar Rapids, Iowa, June 13, 2008. Interstate I-380 can be seen on the left while Mays Island, with Cedar Rapids City Hall, is seen on the right with …
Jane Thompson stands with her hands on her hips, looking up at a lilac-colored house. It’s the house where Thompson and her family were living at the time of the flood. She’s on Rushford’s main drag, just a block from …
Fifteen years ago, after the Midwest was swamped with what was pronounced a “100-year” or even a “500-year” flood, some folks figured they would never again see such a disaster in their lifetime. Some even dropped their flood insurance. Big …
S&P Says Midwest-Focused Insurers at Risk N2 | Washington Report House Subcommittee Moves Key Federal Bills N4 | Home Insurers Bitten by $350 Million in Dog Claims Average Liability Claim Tops $24,000 N6 | Conning: Insurers’ Financials Strong, Despite Price …
In both Mississippi and Louisiana, the principal argument in support of the alleged ambiguity was that the flood waters during Hurricane Katrina were pushed ashore by wind, a covered peril, and the flood exclusion did not clearly exclude this ‘storm …
