Homeowners insurance sector could see some turbulence this hurricane season

Homeowners Insurance

NOAA predictions could bode ill for homeowners insurance sector Hurricane season is nearly here, and that could mean trouble for the U.S. east coast. The National Oceanic and Atmospheric Administration (NOAA) has issued a new report concerning the arrival of hurricane season and what that could mean for states along the Atlantic Ocean. Hurricanes have proven to be a major concern for the U.S. over the past few years, especially when it comes to homeowners insurance and flood coverage. Hurricane Sandy is the most recent example of the damage that…

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Travel insurance purchased by only half of Canadians

Travel Insurance

A new study has shown that only about fifty percent of travelers from the country buy a policy. A new study conducted by BMO has just revealed that while 83 percent of Canadians plan to go away on vacation at some point between May and October 2013, only half have intentions to purchase travel insurance to cover them while they are not at home. The survey examined a number of different habits of Canadians while they are away from home. For example, the average Canadian traveler intends to spend $3,073…

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Insurance industry could face losses of $5 billion from storms

tornado insurance Oklahoma

American insurers may be facing a growing number of severe weather issues such as tornadoes. According to the disaster modeling company, Eqecat, the United States insurance industry could find that the insured losses from severe storms and tornadoes that occurred last week may come with a bill of $5 billion. The estimate from the firm falls within a range of $2 billion to $5 billion, with most linked to the Moore tornado. Though this is still quite early after the Moore, Oklahoma tornado from May 20, for the insurance industry…

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Insurance news from Texas includes commissioner leaving role

Insurance news - Eleanor Kitzman Texas Insurance Commissioner

Eleanor Kitzman has announced that she will no longer be maintaining her role in the regulatory agency. Insurance news is being made at the head of the Texas regulatory agency as Eleanor Kitzman has announced to her staff that she will no longer be continuing in her role as the state’s commissioner. Today is the final day of her time as a commissioner as it is the closing date of the legislative session. Kitzman is not able to continue serving after today, as it is the last day of the…

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5 Things First Time Life Insurance Shoppers Should Keep in Mind

Life insurance

When you make the decision to invest in a life insurance policy… it’s important to do your research before signing any official documents. Preparing yourself with knowledge will help you feel ready to make the best decision for you and your family, and while looking at all the options can make you feel as if you’re stumbling in the dark, having a general idea of what you’re expecting from your policy will help shed some light and help you find the best choice. To make your life insurance quest easy…

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