50% – 70% Reliable estimates reveal that between 50 to 70 percent of homeowners do not have enough insurance to rebuild their homes in the event it is completely destroyed, insurance industry trade group Southwestern Insurance Information Service (SIIS) says. …
In both Mississippi and Louisiana, the principal argument in support of the alleged ambiguity was that the flood waters during Hurricane Katrina were pushed ashore by wind, a covered peril, and the flood exclusion did not clearly exclude this ‘storm …
One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid costly litigation after disasters …
Jane Thompson stands with her hands on her hips, looking up at a lilac-colored house. It’s the house where Thompson and her family were living at the time of the flood. She’s on Rushford’s main drag, just a block from …
In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just more than 7 percent, according to a new report released by AIR …
A settlement has been reached in a civil lawsuit that led to a bribery conviction for Mississippi-based anti-tobacco lawyer Richard “Dickie” Scruggs and several associates, an attorney said. Oxford attorney Grady Tollison did not disclose the terms of the recent …
New Markets The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Builders Risk and Affiliated Exposures Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders …
F5 Tornado damage in Parkersburg, Iowa, May 25, 2008. Tornado damage, Windsor, Colo. Prior to 1990, the average number of tornadoes per year in the Continental US was 772. In the period from 1990 through 2007, the average was 1,215. …
A high-profile Mississippi lawyer was sentenced to five years after pleading guilty to conspiring to bribe a judge. Richard “Dickie” Scruggs made millions through landmark lawsuits against tobacco, pharmaceutical and construction companies. He also sued insurance companies after Hurricane Katrina …
Yes, there will be more Alabama state troopers patrolling state highways this week. Beginning Aug. 18, troopers were on the lookout for drivers who violate traffic laws. The Department of Public Safety said troopers will also use vans called “BAT …
