homeowners insurance
New Orleans: Housing Stock Down 13%
5 years post-Katrina, and several months after the BP oil spill, the city of New Orleans is still in recovery, but still has other problems. One of them is housing. According to the reports the New Orleans metropolitan area has suffered a 13% decrease in available housing since the hurricane five years ago. The survey […]
Read moreHigh Homeowners Rates and Ongoing Problem in Texas
The high cost of homeowners insurance in Texas has become a topic of debate between Democratic challenger Bill White, a former mayor of Houston, and incumbent Republican Governor Rick Perry. According to the White campaign, the average homeowner in Texas pays approximately $626 more for household coverage than his counterparts in other states. The National […]
Read moreFriday Filmstrip: This City, by Steve Earle
This Sunday, August 29th, marks the 5th anniversary of Hurricane Katrina, and the devastation it left on the Gulf Coast, especially in Mississippi, Alabama, and of course, New Orleans, Louisiana. Rather than write a post reminding everyone that homeowners insurance and flood insurance are separate entities, we’ve decided to make a departure from our usual […]
Read moreTexas Wind Insurance Assoc. Asks for 5% Increase
Some homeowners insurance in Texas is about to get a little bit more expensive, as the Texas Windstorm Insurance Association (TWIA) has filed for five percent increases in both commercial and residential rates, to go into effect on the first of next year. TWIA is the state’s “last resort” insurance company, providing wind and hail […]
Read moreDog Bite Claims Escalate Over 2008
According to data compiled by the Insurance Information Institute, dog bites accounted for more than a third of all liability claims by homeowners in 2009 and incidents were up 6.4% over 2008 for a whopping total of $412 million. The average cost of a dog bite claim ran $24,840 in 2009 over the $24,461 paid […]
Read moreAugust Busiest Month for Hurricanes
While the National Oceanic and Atmospheric Administration (NOAA) has slightly amended the hurricane outlook it released in May, an above-normal season is still expected. With ocean temperatures at record highs, and the climate phenomenon known as “La Nina” beginning to development, government forecasters maintain that this may be the busiest Atlantic hurricane season since 2005. […]
Read moreBetter Tools, Better Risk Assessment
People living in Miami probably won’t be too surprised at the findings of a crew of Florida State University researchers. The city is vulnerable to strong hurricane winds. Yeah, not a news flash. Maybe the fact that Miami is Florida’s most vulnerable city jazzes the story up a bit. The real point, however, is that […]
Read moreQuestionable Insurance Claims on the Rise
The Insurance Journal is reporting today that suspicious property and casualty insurance claims rose again in the first half of 2010, as compared to the first half of 2009. The Journal cited a recent QU (questionable claims) report released by the National Insurance Crime Bureau, which examined six categories of referral reasons for claims: property, […]
Read moreFriday Filmstrips: How to Buy Homeowners Insurance
We can all use a refresher on how to save money when buying homeowners insurance. The editors from Kiplinger and the nice people at YouTube have enabled us to share the following video, that offers some key tips.
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