Every year, just before daylight savings time rolls around, I get a package in the mail with a 9-volt battery. The package is from my mortgage company, sending me a reminder to change the battery in my smoke detector. That …
A study conducted by the Earth Policy Institute (http://www.earth-policy.org) concludes that a number of people who evacuated their homes in the wake of Hurricanes Katrina, Rita and Wilma may have left permanently. The EPI report, authored by the organization’s President …
Following a presentation by Florida Insurance Commissioner Kevin McCarty, Gov. Jeb Bush and the Florida Cabinet approved an emergency rule establishing a property and casualty joint underwriting association to make commercial property insurance available to Florida businesses that are unable …
A federal judge’s ruling that damage from wind-driven water isn’t covered on standard homeowner policies should motivate more Mississippians to purchase flood insurance, says state Insurance Commissioner George Dale. The purchase of policies through the National Flood Insurance Program is …
According to the Risk and Insurance Management Society Inc.’s RIMS Benchmark Survey, commercial insurance premiums were flat to slightly lower in the second quarter of this year compared to the prior year. The RIMS Benchmark Survey is a comprehensive survey …
Florida has begun My Safe Florida Home program, a $250 million mitigation program to help Floridians strengthen their homes against hurricanes and to reduce property losses. Tom Gallagher, Florida’s chief financial officerStarting today, said eligible Floridians can apply for a …
Allied World Assurance Company Holdings, Ltd. joined the many Bermuda-based insurers, who have turned in strong second quarter and first half results. The Company reported net income of $102.4 million, or $2.02 per diluted share, for the second quarter 2006 …
Federal officials, prompted by a bus fire that killed 23 nursing home residents, are examining whether buses are safe for people with special needs. The National Transportation Safety Board is seeking answers to the question during a two-day hearing examining …
Hurricane researchers are now waying that this year’s hurricane season won’t be as bad as predicted and said a monster storm like Katrina is unlikely. “The probability of another Katrina-like event is very small,” said Phillip Klotzbach, lead forecaster for …
Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously thought. The company was …
