Category: Natural Disasters

Hurricane statistics, floods, fire storms, tsunami, earthquakes – we report the world’s natural disaster events. These life changing events not only rock the industry but leave residents and business owners in dire situations.

Many South Lake Tahoe residents can apply home flame retardant with insurer help

Marc
Home flame retardant - South Lake Tahoe

Several insurance companies are hoping to support their customers with fire prevention spray. South Lake Tahoe residents in many neighborhoods threatened by the Caldor Fire have been watching trucks driving around offering home flame retardant spray. The All-Risk Shield product is being offered as additional exterior protection against wildfires. The company’s crew members are applying the home flame retardant product on the vegetation surrounding the homes to help reduce the risk of flames traveling to structures such as houses and garages. Moreover, the service isn’t paid entirely out-of-pocket by the…

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New York state pushes insurance companies to provide faster storm claim response

Nordstrom
Insurance companies - Home Insurance Claim

The remnants of Hurricane Ida brought record-breaking rain, flooding large parts of NYC. Insurance companies are braced for a massive wave of claims in New York following record-breaking rains left behind by the remnants of Hurricane Ida. State officials are calling for insurers to step up their processing, to help flood victims to recover more quickly from the damage they suffered. Large areas of New York City were submerged by the massive rainfall that came on fast. The New York State Department of Financial Services, which regulates insurance companies in…

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Allstate and USAA to provide insurance coverage for additional Ida expenses in Louisiana

G. Turner
Insurance coverage - Hurricane Evacuation Route

The two large insurers have responded to a call made by President Joe Biden for living costs. Allstate and USAA have responded to President Joe Biden’s call to insurers to provide additional insurance coverage in Louisiana for policyholders in the state affected by Hurricane Ida. The additional assistance is meant to help customers evacuated from their homes without specific orders. The insurance coverage is being extended to Louisiana residents who were evacuated from their homes ahead of the storm without being under specific mandatory evacuation orders. President Biden called for…

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California Insurance Commissioner Ricardo Lara issues notices to insurers over wildfires

Marc
California insurance commissioner - Notice Insurance

Insurers have been advised to cease their cancellations and non-renewals in wildfire affected communities. California Insurance Commissioner Ricardo Lara has issued notices to homeowners’ insurance companies regarding the cessation of cancellations and non-renewals in communities suffering wildfire emergencies. Lara’s notices have advised insurers to stop such behaviors or risk violating Californian law. The notices from the California Insurance Commissioner have to do with homeowners and renters’ policies in communities located near the state’s many major wildfires. Those communities will be identified by state Governor Gavin Newsom in emergency declarations. According…

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Insurance industry bracing for impact from UN climate change report

G. Turner
Insurance Industry - UN Climate Change Report

The most recent report indicated that the situation was worsening far faster than predicted. The recently published UN climate change report has increased concern in the insurance industry, which is watching the heightened risk predictions. Insurers and policyholders are now expecting natural disasters with more frequency and severity. The UN climate change report pointed to increased instances and severity of wildfires, storms, droughts and sea levels that threaten coastal cities. Following this year’s record-breaking wildfires and droughts – with the Atlantic storm season only halfway through – it is far…

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Mercury Insurance prepares to assist Dixie Fire victims with policies

Marc
Dixie Fire victims - Fire Evacuation

The insurer published a news release confirming its readiness to help displaced or evacuated policyholders. As the situation in California worsens, Mercury Insurance issued a news release confirming to its policyholder Dixie Fire victims that it is ready to help them. As local authorities issue mandatory evacuation orders for residents, policyholders have support. The insurer is reminding Dixie Fire victims who have homeowners’ or renters’ coverage that they can call for support if they have been displaced or evacuated. Representatives are ready to help address covered claims while still following…

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State Farm reminds animal owners to create a pet evacuation plan

Logan B.
Pet Evacuation - dog supplies

Moreover, it has pointed out that existing plans should be reviewed annually to ensure they are up to date. State Farm has issued a news release on its official website reminding people of the importance of creating and maintaining a pet evacuation plan in case the unexpected should happen. As natural disasters become more frequent and extreme, the insurer wants pet owners to be responsible. “Being a responsible pet owner means preparing for the unexpected,” read the statement. It pointed out that the way a family handles their furry, four-legged…

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