Ohio’s Feb. 11-12 windstorm caused at least $88.9 million in damages, based on preliminary insured loss estimates from the Ohio Insurance Institute (OII), an insurance industry trade group. Widespread losses were reported by a number of Ohio insurers. Unseasonably warm …
A federal judge in New Orleans has dismissed some claims in a lawsuit filed by a former Louisiana Attorney General Charles Foti against dozens of insurance companies over payments to policyholders receiving funds from the state’s Road Home homeowner grant …
The Mississippi Emergency Management Agency is discouraging people from purchasing Mississippi Cottages for housing at an auction in Louisiana next month because the units were damaged by Hurricanes Gustav and Ike. MEMA Director Mike Womack wants to caution potential buyers …
Louisiana Workers’ Compensation Corporation (LWCC) announced Peter Gale has joined the company as senior vice president of Insurance Services, a newly created position. Gale brings 23 years of commercial insurance experience with such companies as AIG, Kemper Insurance, Fireman’s Fund …
The Louisiana Department of Insurance reported that a St. Martinville insurance company employee has been arrested, served with a cease and desist order, notice of license revocation and a fine for alleged misappropriation of premiums, felony theft, forgery and identity …
Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance program. Taylor’s proposal — the Multiple Peril Insurance Act of 2009– …
Nursing homes were left without electricity and medical evacuees flooded hospitals during Hurricane Ike, but more than a dozen bills pending in the Texas Legislature could help change the way state agencies and facilities operate during a hurricane. Numerous proposals …
$500 Million The financial toll from the January 2009 ice storm in north Arkansas is estimated at $500 million, with most of the cost for restoring electric utilities, the Associated Press reported. Three major utilities say they will spend around …
You May Not Know What You Think You Know About Flood Insurance Claims When dealing with claims under flood insurance policies, you may be surprised that many things you think you know are wrong, and, particularly for insureds, many things …
The types of risks classified under the energy insurance category range from offshore energy (exploration and production), offshore energy construction, onshore energy (oil refining, gas processing, petrochemical plants and biomass), operational engineering (power stations, including thermal, wind, nuclear and solar), …
