Since funding for the Texas Windstorm Insurance Association (TWIA) has become a top priority for the Texas Legislature, statewide lawmakers have debated several solutions that will impact policyholders in Texas, according to the Independent Insurance Agents of Texas (IIAT). “We’ve …
U.S. Sen. Bill Nelson has asked the U.S. Treasury to provide assurances to private market lenders that any loans they make in Florida would be repaid at fair market interest in the event of a catastrophe. Nelson, however, said obtaining …
Florida emergency manager Craig Fugate would bring a lot with him if he takes over the Federal Emergency Management Agency: plenty of hurricane experience, a blunt style, and a belief that preparation begins on the local level. Former Gov. Jeb …
Florida lawmakers need to make some smart decisions on reducing the risk to Florida property owners from hurricanes, the state’s chief financial officer said. In a letter to legislative leaders, CFO Alex Sink said property owners cannot afford shocks to …
Florida emergency manager Craig Fugate would bring a lot with him if he takes over the Federal Emergency Management Agency: plenty of hurricane experience, a blunt style, and a belief that preparation begins on the local level. Former Gov. Jeb …
Florida lawmakers need to make some smart decisions on reducing the risk for Florida property owners from hurricane damage, the state’s chief financial officer said Thursday. In a letter to key legislative leaders, CFO Alex Sink said property owners cannot …
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 …
Nursing homes were left without electricity and medical evacuees flooded hospitals during Hurricane Ike, but more than a dozen bills pending in the Texas Legislature could help change the way state agencies and facilities operate during a hurricane. Numerous proposals …
Dear Shareholders “It will be interesting to see if Buffett himself has learned lessons he might not have learned in his long career. … Berkshire got hit in four ways. Falling stock prices, the put options, increased economic sensitivity through …
The Florida property insurance market today reminds me of the old cartoon with the insurance pitch: “Here’s a nice little policy with a real low premium if you promise never to have any claims.” When the insurer is unable to …
