hurricane insurance

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Missouri Enacts 2 New Insurance Laws

Two new insurance laws went into effect last Friday in Missouri, both of which provide stronger protection for homeowners in the the Show-Me state. The first law, Senate Bill 101, bars exterior repair contractors, like roofing and siding companies, from offering to cover a prospective client’s insurance deductible in order to make a sale, and […]

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Irene-induced Losses Shouldn’t Prompt Insurance Rate Hike

Reuters reported yesterday that while the official total for insured losses caused by Hurricane Irene are not yet official or complete the catastrophe modeling company AIR Worldwide is estimating $3 to $6 billion…and while those are big numbers, they’re actually lower than what was anticipated. Before Irene actually made landfall, many insurance industry analysts were […]

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NOAA Says Hurricane Season Will Be MORE Active than Predicted

It may seem weird to be talking about hurricanes when so much of the American south and southwest are suffering under drought conditions and horrible heat, but the Atlantic coast is still at risk, especially since the busiest part of the annual Atlantic hurricane season is the period from August to October. As they do […]

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Coastal Residents: Check Your Homeowners Insurance Now

The Atlantic Hurricane Season officially began last Wednesday, and NOAA (The National Oceanic and Atmospheric Administration) is predicting a busy summer tropical storm-wise. It should come as no surprise, then, that insurance regulators in coastal states like Virginia are strongly suggesting that homeowners – especially those with coastal property – spend some time this week […]

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FEMA Stresses Need for Hurricane Response Training

Earlier this week, Craig Fugate, director of FEMA (the Federal Emergency Management Agency) emphasized the importance of public officials learning how to respond to hurricanes and other powerful storms, and also said that the state of the economy was not an excuse to forgo preparation. Speaking at the National Hurricane Conference in Atlanta, Fugate said, […]

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2011 Hurricane Season is Coming

It may seem as though winter hasn’t fully left us, and yet, we’re a mere six weeks away from the beginning of the 2011 Atlantic Hurricane Season. So, what are the weather gurus predicting for this year? According to forecasters at Colorado State University, we’ll see an above-average Atlantic hurricane season. They’re predicting nine hurricanes, […]

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North Carolina Beach Plan to Reclaim $16 Million Distribution

Wayne Goodwin, the North Carolina Insurance Commissioner recently announced a settlement agreement that will require the North Carolina Insurance Underwriting Association, also known as the “Beach Plan,” to reverse the payments of more than $16 million it made to its member companies in 2009. The Beach Plan is North Carolina’s “insurer of last resort” for […]

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New Insurance Options for Coastal Alabama & Mississippi

Just a week after USAA dropped wind coverage from 1,550 insurance policies on homes in the three southernmost counties of Mississippi, a handful of new insurers have entered the coastal markets in that state and in Alabama. American Strategic, Coastal American, PURE, Republic, Southern Fidelity, and Wilshire are now offering coverage in both states, and […]

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Lawsuit May Halt Work on Louisiana Levees

Last week report: There is a lawsuit in process which may halt work to reinforce one of the New Orleans canals that broke during Hurricane Katrina in 2005. On January 5th, homeowners with backyards along the 17th Street Canal filed a civil suit in state court requesting that work be halted because they claim they […]

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