The Association of British Insurers praised a recently announced UK government initiative to provide a £500,000 ($988,000) funding package to help make flood vulnerable homes more resilient against flooding. Jane Milne, the ABI’s Head of Property Insurance, noted: “Flooding has …
Lousiana Commissioner of Insurance Jim Donelon announced that State Farm has agreed to reevaluate all of the claims it denied from Louisiana policyholders whose homes or businesses were reduced to their foundations due to damage caused by Hurricane Katrina or …
Tennessee counties are in the process of a five-year plan to update old flood maps, but some homeowners are concerned the new versions could lead to lowered home values and the need for additional insurance. Shannon McDonald lives in a …
Washington Insurance Commissioner Mike Kreidler testified before the U.S. House Select Committee on Energy Independence and Global Warming on how insurance is impacted by climate change and what’s needed. Following are excerpts from his testimony. “If you’re looking for evidence …
Recent severe weather in Texas has prompted the Southwestern Insurance Information Service, an insurance trade group, to remind consumers that damage to their homes resulting from flooding is not covered by the standard homeowners policy. “Following a weather-related event involving …
The U.S. Department of Homeland Security intends to subpoena Allstate Corp. and other insurance companies as part of an investigation into Hurricane Katrina claims, the company said last week. Allstate, the second-largest U.S. personal-lines insurer behind State Farm, made the …
Concrete houses sprouting up in southern Alabama, Mississippi and elsewhere in the Gulf Coast region are more than just fortified structures that will protect their owners from up to 250 mph winds and 36 foot storm surges – they are …
Miles of levees along the St. Francis River in Craighead County, Ark., have been deemed unacceptable by the Federal Emergency Management Agency, meaning homeowners there may need to purchase flood insurance if $4 million in repairs aren’t made. Craighead County …
Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the costs are likely to be huge. …
An agent, an engineer and a non-profit push fortified structures as key to region’s economic and insurance revival Concrete houses sprouting up in southern Alabama, Missis-sippi and elsewhere in the Gulf Coast region are more than just fortified structures that …
