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NY, NJ, CT, MD Homeowners Will NOT Pay Hurricane Deductibles After Sandy

Two weeks ago Wednesday, Governor Andrew Cuomo of New York announced that, just as those in New Jersey, Maryland, and Connecticut, homeowners in his state will not have to pay hurricane deductibles for their Sandy-related claims. Speaking to the press, Governor Cuomo said, “Homeowners should not have to pay hurricane deductibles for damage caused by […]

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Goodnight Irene, Hello Irma

We’re a month out from the start of the Atlantic Hurricane Season, so this is our reminder to check your homeowners, wind, and flood insurance if you live in any area where hurricanes are a threat. In other hurricane-related news, we’ve heard from the folks at the National Oceanic and Atmospheric Administration (NOAA) that because […]

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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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GeoVera Brings Windstorm-Hurricane Insurance to Hawaii

Hawaiian property owners may be pleased to know that GeoVera Insurance has expanded into the state, bringing with it a residential windstorm-hurricane insurance product. These policies will insure residential real estate against wind during a hurricane. GeoVera will be partnering with local independent agents to offer the product. The windstorm-hurricane coverage will apply to the […]

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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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Friday Filmstrips: Hurricane Insurance

The 2010 Atlantic hurricane season is mostly over, but experts at the National Hurricane Center say that Florida and the Caribbean are not yet out of the woods. For this week’s Friday Filmstrip, then, we’re offering this video about hurricane insurance and flooding.

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Alabama Buys Hurricane Insurance

I didn’t know an entire state could purchase hurricane insurance, but according to the Insurance Journal, the state of Alabama has done just that. Under a deal that took effect last month, Alabama will pay $800,000/year for three years to global insurer Swiss Re, as a hedge against heavy hurricane damage to state-owned coastal property. […]

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