Both AIR Worldwide and Risk Management Solutions have issued bulletins commenting on Hurricane Felix. Its sudden formation and rapid strengthening into a category 5 storm are virtually unprecedented. “Since 1900, only four years have recorded more than a single Category …
Report: insurers did not shift wind claims A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At …
A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At the same time, the Department of Homeland …
Nationwide Insurance said this week it will reduce its catastrophe exposure in Florida by dropping more than 40,000 homeowner and commercial property policies. Nationwide will not renew about 39,000 homeowner policies and 1,600 commercial property policies in Florida starting January …
South Carolina’s beaches overall are well prepared to withstand the winds and waves of this year’s hurricane season, but there are a few spots along the coast to worry about, a state official said. “Looking at the entire state, we’re …
Insurance companies in New York may not refuse to renew homeowners insurance policies based on whether a policyholder has other business such as an auto or life policy with them, under a new order from the state insurance department. Insurance …
Despite promising changes, Congress has shown little enthusiasm for taking the unpopular steps that experts say are necessary to fix the nation’s main flood insurance program. Recent flooding in the Midwest has brought the issue back to the forefront. Hurricanes …
Dallas, Texas – August is the peak month for hurricane season – which ends November 30 – and forecasters this month predicted at least three tropical storms are likely to strengthen into ‘major’ hurricanes packing sustained winds of at least …
The Atlantic hurricane season has begun. The National Hurricane Center has designated Tropical Storm Dean, with winds up to 80 mph, as the first hurricane and issued a warning that it is headed for the Caribbean’s Lesser Antilles. This morning …
A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At the same time, the Department of Homeland …
