Tips about how to prepare for hurricanes and tropical storms and lessen the impact of a major storm have been posted on the Florida Department of Financial Services website. According to DFS, Floridians may be entitled to discounts on insurance …
“What has happened with auto insurance rates in South Carolina should be the ‘gold standard’ for what can be accomplished with other types of insurance,” Elanor Kitzman, South Carolina Director of Insurance told members of the Independent Insurance Agents and …
The northeast U.S. coast could be the target of a major hurricane, perhaps as early as this season, according to the AccuWeather.com Hurricane Center. The weather experts say this year could bring the Northeast a storm like the 1938 hurricane …
A survey of residents in Alabama’s two coastal counties found many expect this hurricane season will be as bad or worse than last year, and they are making preparations, including buying generators. Forty percent of the 400 adults responding to …
Legislators are meeting across the Southeast to discuss a wide variety of insurance issues: Proposals in Florida would designate hurricane tax revenue to help pay for hurricane repairs; there are a dozen proposals in Georgia, including one to give a …
Measures aimed at improving the property insurance market dominated the insurance agenda as the Florida Legislature convened March 7, according to the American Insurance Associa-tion. Legislators will also debate whether to allow next year’s statutory sunset of the state’s no-fault …
Warren E. Buffett, the billionaire chairman of giant Berkshire Hathaway, praises the performance of his primary insurance units, particularly Geico, in his annual letter to shareholders and acknowledges that concern over hurricanes has prompted his insurance subsidiaries to raise prices …
Sound, up-to-date and successful building codes are essential for construction, but codes must also be enforced and continuously updated to effectively contribute to disaster mitigation, said Leonard C. Brevik, National Association of Professional Insurance Agents CEO at the National Council …
Speaking at the World Insurance Forum in Bermuda, Hemant Shah, Risk Management Solutions CEO, warned that insurers should be preparing to increase their reserves for catastrophe losses, not only due to the unprecedented 2005 hurricane season, but also to prepare …
One decried a system in which wealthy waterfront property owners are being subsidized by less affluent property owners and taxpayers: “If the state is going to continue to attract new residents, it will have to make them pay for the …
