The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, according to experts at independent wholesale insurance broker Mercator Risk Services. This downturn has its origins in …
Gov. Mark Sanford signed a bill into law Monday that he says should lower insurance costs for residents along South Carolina’s coast. Sanford’s signature comes three months after the Republican governor and his recently appointed Insurance Department director, Scott Richardson, …
It took O’Charley’s regional operations director in Hattiesburg, Miss., most of a week to get in touch with the restaurant chain’s Nashville, Tenn. headquarters after Hurricane Katrina pounded the Gulf Coast two summers ago. This summer, though, Dan Hunter has …
On Wednesday the South Carolina House of Representatives agreed to Senate changes to coastal omnibus hurricane legislation, which included extending the notice for homeowners whose insurance would be canceled to 90 days during hurricane season. The measure also increases the …
A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from a wide array of perils, according to new research by the National Association of Insurance Commissioners (NAIC), which hosted its summer conference this week in …
A year after his predecessor acknowledged the Army Corps of Engineers’ responsibility for the catastrophic flooding in Hurricane Katrina, the newly appointed head of the agency toured this still-battered city May 31 to get a sense for the work ahead. …
Last Friday marked the first day of hurricane season, but the only “storm” guaranteed to be on the horizon is the flawed way government regulators deal with insuring against catastrophes, according to researchers at a Washington, D.C. think tank that …
Federal, state and local officials are urging Mississippi coastal residents to begin preparations now for the 2007 hurricane season, if they haven’t already. In Mississippi, experts all say the same thing: plan ahead, stock up. They say preparedness is the …
With Katrina memories still fresh, Alabama Gulf Coast residents have begun stockpiling ice, water, food and other supplies just in case this hurricane season turns ugly. FEMA also will have disaster relief supplies stored at Maxwell Air Force Base in …
Tropical Storm Barry, since downgraded to a tropical depression, brought heavy rain to a parched Florida early Saturday, along with strong winds and heavy surf along the state’s Gulf coast. Rain was falling throughout the Peninsula, where droughts conditions have …
