After eight hurricanes in two years between 2004 and 2005, we haven’t seen a hurricane in Florida for over 10 years. Has the state learned from those storms? Are the insurance companies ready? What about the independent adjusting companies, do …
Suncorp Group Ltd., Australia’s largest insurer by market value, plunged the most since 2009 after saying margins in its general insurance business will be hit by storm claims and increased costs due to a weaker local currency. Its shares dropped …
The Texas Windstorm Insurance Association (TWIA) and Texas FAIR Plan Association (TFPA) began responding to policyholders impacted by the severe weather that affected a number of Texas communities last week and over the weekend. As of April 20, TWIA and …
Maine residents are being encouraged to report ice storm damage to their homes and businesses so the state can assess what kind of assistance might be available. Maine Gov. Paul LePage says businesses that suffered a significant loss of revenue …
Senate leaders have agreed to consider a provision designed to help settle wind versus water claims in a more timely and equitable manner as part of reauthorization of the federal flood insurance program. The provision’s sponsor, Sen. Roger Wicker, R.-Miss., …
A U.S. senator from Mississippi is introducing a bill that tries to resolve wind-versus-water insurance disputes for structures wiped out by hurricanes. Republican Roger Wicker said that his bill would establish a formula to determine how much property loss is …
Alabama residents who suffered severe losses due to a series of storms that swept through the Southeast last month have already filed over 65,000 storms, according to an estimate by state officials. Alabama Governor Robert Bentley and Insurance Commissioner Jim …
Homeowners in North Carolina whose property suffered recent storm damage but had their claims denied by their insurance company may eligible for a mediation program. Insurance Commissioner Wayne Goodwin announced the program in the wake of a massive storm system …
