TweetIf Hurricane Irene strikes the southeast United States the weekend of August 26 as expected, the event could be exactly what the insurance industry wants. While insurers won’t like paying out settlements, they will like having a valid excuse to … Continue reading
Category Archives: Hurricane Coverage
Alabama Opens Field Offices to Aid Tornado Victims in Getting New ID
TweetThe Alabama Department of Public Safety announced earlier this week that it would be opening offices in Birmingham and Tuscaloosa in order to help residents whose driver’s licenses and state ID cards were lost in the tornadoes that struck the … Continue reading
Alabama Opens Field Offices to Aid Tornado Victims in Getting New ID
TweetThe Alabama Department of Public Safety announced earlier this week that it would be opening offices in Birmingham and Tuscaloosa in order to help residents whose driver’s licenses and state ID cards were lost in the tornadoes that struck the … Continue reading
Industry Begins to Ponder Role of Climate Change
TweetIn browsing around today, I ran across a report from Reuters about insurers struggling to factor in the growing risks from climate change. The article was in specific reference to the massive floods in Australia and Brazil, but what caught … Continue reading
On Going Debate Over Katrina Damage Points to Industry Failure
TweetHurricanes Wilma, Katrina, and Rita redefined the way insurance is handled on the Gulf Coast forever. In Mississippi, more and more property owners are being forced to go to the state wind pool for coverage after being dropped by their … Continue reading
2010 Shaping Up to Be a Year of Big Property Damage
TweetM.P. McQueen did an interesting piece for the Wall Street Journal today entitled “As Hurricane Season Begins, Insurance Gets Harder to Find.” The lead lays the 2010 situation out bluntly: From the Gulf oil spill and the floods in Arkansas … Continue reading
Louisiana Gives Tax Free Weekend for Hurricane Supplies May 29-30
TweetWith the start of hurricane season just around the corner, the state of Louisiana wants to help its citizens be prepared. On May 29th and 30th, residents of Louisiana can get a tax break when buying emergency supplies, including: self-powered … Continue reading
Jobless Benefits & Flood Insurance Extended…Again.
TweetYesterday, while most of us were madly scrambling to get our taxes filed by the midnight deadline, Congress voted to restore unemployment benefits for hundreds of thousands of Americans who had lost them when Republican opposition caused the bill to … Continue reading
South Carolina’s Safe Home Program Helps Reduce Insurance Premiums
TweetSouth Carolina’s innovative program for coastal homeowners who have taken measures to protect their homes against hurricane winds has surpassed its 1,000th awarded grant. Specifically, according to Scott Richardson, director of the South Carolina Department of Insurance, said that the … Continue reading