Property damage from hurricanes primarily comes from two sources: wind and water. Insurance coverage for property damaged by wind, and by rain water which enters the property as a result of wind damage, is generally provided through homeowner and business …
Washington State’s Kreidler believes now’s the time for the industry to face climate change Washington State Insurance Commissioner Mike Kreidler has proven adept at balancing the many demands placed upon state regulators, perhaps due in part to his background in …
There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics. For those who serve as their state’s ultimate authority on what factors insurers can use to raise or lower rates, political calculations …
The District of Columbia is planning to challenge new maps from the Federal Emergency Management Agency that would designate a broad section of the city’s center a flood zone. The proposed new flood zone is several blocks wide and includes …
Mississippi Attorney General Jim Hood says his office opened a new criminal investigation of State Farm Insurance Cos. that is separate from its earlier probe of the insurer’s “crimes against policyholders” after Hurricane Katrina. Bloomington, Ill.-based State Farm is suing …
The House of Representatives passed H.R. 3959, sponsored by Financial Services Committee Chairman, Barney Frank (D-Mass.), and Rep. Scott Garrett (R-N.J.), legislation that would gradually phase-out some of the subsidies in the National Flood Insurance Program (NFIP). The bill would …
Levees protecting a sprawling neighborhood north of downtown are so weak that water from the Sacramento River is seeping through, threatening about 60,000 residents, federal officials said early this week. The U.S. Army Corps of Engineers and the Federal Emergency …
Mississippi’s new Insurance Commissioner Mike Chaney says he is working with lawmakers and state wind pool officials to lower rates that increased 90 percent for homeowners and 162 percent for businesses after Hurricane Katrina. The wind pool is the insurer …
Connecticut’s insurance commissioner is a ‘small government kind of guy’ with big company kind of experience Thomas Sullivan has switched sides — sort of. Before being named Connecticut’s insurance commissioner last year, Sullivan spent years as an insurance industry executive, …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Lines Insurance Agencies Nuts & Bolts: Travis-Pedersen & Associates of Arizona LLC is offering …
