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 over 7 percent, according to a new report released by AIR Worldwide …
A Mississippi judge says a Pascagoula couple’s lawsuit against its insurer in a Hurricane Katrina damage did not qualify for punitive damages. On June 27, a Jackson County jury ruled that USAA insurance owed retired Navy Admiral James and his …
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 …
The U.S. Agriculture Department (USDA) will look “at everything possible” to aid Midwest farmers hurt by the worst flooding in more than 15 years, Agriculture Secretary Ed Schafer said in late June. Agricultural losses in Iowa may be “in the …
Well Thought Out Disaster Plans Make the Difference Midwest agents with offices located in flooded areas are facing the challenge of “staying afloat,” so to speak, during the devastation of what some have called the 500-year flood event. Iowa has …
High Profile Attorney Scruggs Sentenced to 5 Years A high-profile Mississippi lawyer, who became unpopular on Wall Street for battling powerful companies, was sentenced to five years in prison after pleading guilty to conspiring to bribe a judge. Richard “Dickie” …
14,500 Dog bites now account for one-third of all homeowners insurance liability claims, costing $356.2 million in 2007, up 10.5 percent from the previous year, according to the Insurance Information Institute (I.I.I.). An analysis of homeowners insurance data by the …
Republican Presidential Nominee Opposes Idea that Remains Popular with Many Gulf Coast Voters A congressional proposal to create a national “catastrophe fund” to help states recover from natural disasters has put Republican presidential hopeful John McCain at odds with a …
Picking Up Non-Renewals “I feel confident that the people on the Gulf Coast that have been canceled by State Farm will be able to buy insurance from Allstate and Nationwide and others that I have not announced.” —Mississippi Insurance Commissioner …
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 over 7 percent, according to a new report released by AIR Worldwide …
