Homeowners insurance prices shouldn’t be affected by Oklahoma tornadoes

Julie Campbell
Oklahoma Tornado homeowners insurance

The major storms that the state has seen should not cause its premiums to increase, says the commissioner. Following the devastation from the tornadoes and the massive storms that have struck central Oklahoma over the last few weeks, homeowners insurance customers have been worried that this will increase their risk level and will cause their premiums to skyrocket. However, the commissioner has released a statement to assuage those fears and has said that increases will hold off. Commissioner John Doak has released a statement that has said that the homeowners…

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Insurance industry in the Middle East and North Africa primed for growth

H. Cutner
International Insurance Industry

The Zurich Insurance Group report has shown that the sector in these regions is ready to expand. According to a new report from Zurich, the insurance industry is ready for a considerable amount of growth in both the Middle East and North Africa, and this could lead to a significant level of economic growth in those regions. At the same time, it noted that while there is growth potential, there remain several challenges in the way. The insurance industry in the Middle East and North Africa (MENA) region currently has…

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Auto insurance minimum may raise in Illinois

G. Turner
Questionable tow and glass claims run rampant

Drivers who carry the smallest amount of coverage may find that they will soon be paying more. The Illinois House has just passed legislation that would increase the minimum liability coverage required in auto insurance that must be carried by drivers within the state, meaning that these motorists could be paying higher premiums beginning in 2015. The minimum will be increasing for the amount that is covered to pay for the injuries of other people. The auto insurance minimums will rise to $25,000 for injury or death of one person,…

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Health insurance exchanges become subject of political attacks

Marc
health insurance promotion

Health insurance exchanges are gaining more attention The Affordable Care Act has been a major point of contention in U.S. politics since 2010. The federal law seeks to make significant changes to health insurance and the country’s health care structure, with a strong focus on making health insurance coverage more available to consumers throughout the country. One of the primary provisions of the federal law tasks states with playing host to health insurance exchange programs. These exchanges are meant to serve as marketplaces where consumers can find the affordable coverage…

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Homeowners insurance rates continue to grow in Florida

Logan B.
homeowners insurance

Homeowners insurance rates growing in Florida despite lack of hurricanes Florida is notorious in the U.S. as being the target for hurricanes. The state is often considered one of the most active natural disaster zones, specifically in regards to hurricanes, in the country. This has made the state relatively unattractive to the homeowners insurance sector. Because the state as a whole is considered a high-risk market, homeowners insurance companies have been wary of doing businesses in many parts of the state, particularly those close to coastal regions. Florida has, however,…

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