A large number of people who bought flood insurance after the devastating 2005 hurricane season have not renewed their policies, according to Federal Emergency Management Agency figures. About 100,000 new flood insurance policies were sold in Louisiana after hurricanes Katrina …
Many businesses along the Gulf of Mexico coast have had a difficult time obtaining wind insurance coverage since Hurricanes Katrina, Rita, and Wilma hit in 2005 and have often ended up paying more than twice as much for the insurance …
Nearly 300 new hurricane gates are being installed between Richmond and Norfolk to make it easier to evacuate people fleeing the Hampton Roads area in case of a major storm. The $5.8 million project will add the gates to entrance …
State Farm Insurance, Florida’s largest private home insurer, said it will drop about 50,000 homeowners policies next year in what it considers risky areas along the coast. Most of the homes and condos that will lose their coverage are within …
Enterprise risk management will have to meet the expectations of corporate board members and deliver real value to firms if it is to flourish, attendees of the Casualty Actuarial Society meeting in Florida heard. Bill Panning, executive vice president, Willis …
A study recently issued by the RAND Corporation recognizes what many businesses along the Gulf of Mexico coast have known for a couple of years now: They have had a difficult time obtaining wind insurance coverage since Hurricanes Katrina, Rita, …
The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to industry analysts at the ISO and the Property Casualty Insurers …
Wind insurance costly, scarce on Gulf Coast A study recently issued by the RAND Corporation recognizes what many businesses along the Gulf of Mexico coast have known for a couple of years now: They have had difficult time obtaining wind …
P/C industry net income, overall profitability slips The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to industry analysts at …
Gov. Mike Easley announced that 164 senior centers in North Carolina will soon receive a National Oceanic and Atmospheric Administration radio to warn seniors and staff members of tornadoes, hurricanes and other weather-related emergencies. The weather radios will be delivered …
