Hurricane Season News

Agents welcome Citizens expansion of small commercial coverage statewide

Citizens Property Insurance Corp. is expanding its insurance coverage for small businesses beyond coastal areas to properties across Florida. “Our goal is to make coverage available as quickly as possible to the Florida small business community which is in dire …

Agents welcome Citizens expansion of small commercial coverage statewide

Citizens Property Insurance Corp. is expanding its insurance coverage for small businesses beyond coastal areas to properties across Florida. “Our goal is to make coverage available as quickly as possible to the Florida small business community which is in dire …

Commercial insurers’ stock trades down in first quarter; M&As slow as well

Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose stock was up 7 percent. What a …

Commercial insurers’ stock trades down in first quarter; M&As slow as well

Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose stock was up 7 percent. What a …

New Orleans-area Officials Pledge Better Evacuation Plans

New Orleans’ emergency operations chief promised recently that residents or stranded tourists who need help evacuating in advance of a hurricane will have access to two places where they can find transportation to shelters outside the metro area. However, he …

Conn. Towns, Used to Autonomy, Urged to Cooperate on Disaster Plans

Connecticut towns must learn to work together before the first warning is issued of an impending disaster or even before prevention plans are made, local officials were told this week. It’s not an easy task in a state of 169 …

Fla. Renews Tax Break on Hurricane Prep Items

Flashlights, gasoline cans, weather radios and plastic tarps are among the storm preparedness items that will be available tax-free as hurricane season begins. Florida Gov. Charlie Crist has signed a bill into law making certain hurricane and severe weather preparedness …

Fla. Senate Says No to Requiring Storm Shutters in High-Risk Areas

The Florida Senate has voted against requiring people with houses worth $300,000 or more in much of the state to buy hurricane shutters the next time they make any major home improvement. Critics said too many people simply can’t afford …

N.J. Lawmakers Urge Action on Shore Evacuation Plan

Some Jersey shore legislators say the formation of a task force meant to make changes to shore-area evacuation routes — for use in the event of a hurricane — needs to be done quickly. On Jan. 30, the state Assembly …

Commissioner Urges Floridians to Buy Flood Insurance

Florida Insurance Commissioner Kevin McCarty urged Floridians to purchase flood insurance to protect their homes. McCarty’s warning comes in anticipation of the 2007 hurricane season which officially begins June 1. The Commissioner also wants Floridians to be aware that there …