Live Insurance News

Homeowners insurance companies urge U.K. residents to buy coverage for flooding

September 30, 2012September 29, 2012 H. Cutner

Flood policies may become vital as flood alerts and warnings are issued across the country. The warnings and alerts regarding the risk of flooding across the United Kingdom has caused homeowners insurance companies to caution property owners that separate coverage for floods is required in order to protect them against rising waters from the rains that have been lashing several regions. They are being told to go over their policies and make sure that there won’t be any unwanted surprises. For those who do have flood protection added to their…

Thousands of flood insurance claims coming from Louisiana in wake of Isaac

September 11, 2012September 11, 2012 Nordstrom

State announces thousands of flood insurance claims generated by Hurricane Isaac Hurricane Isaac has come and gone and the storm has left devastating floods in its wake. Louisiana was struck hard by these floods, with many of the state’s southern counties being inundated with water. According to Insurance Commissioner Jim Donelon, thousands of flood insurance claims have been generated by the storm, many of which coming from throughout the state. State officials note that a scant 31% of Louisiana residents have flood insurance coverage, leaving many with damaged property without…

Homeowners insurance through Citizens in Louisiana is hanging in there

September 10, 2012April 30, 2013

Isaac claims have left the last resort insurer in pretty good shape. Though Hurricane Isaac certainly left its mark and was considered to be a “fairly significant event” for the homeowners insurance of last resort, Louisiana Citizens Property Insurance Corp., the insurer was still able to cover the claims that came in and had the resources that it needed ready and waiting. This insurance news was released by Richard Robertson, the insurer’s chief executive. Citizens is the homeowners insurance company that sells its policies to people within the state who…

MEMA releases flood insurance information for consumers

September 4, 2012April 30, 2013

MEMA information could help consumers understand their policies and file claims The Mississippi Emergency Management Agency (MEMA) has released information that aims to help the victims of flood file flood insurance claims. Mississippi residents that have flood insurance receive their coverage through the National Flood Insurance Program (NFIP). The majority of the state’s homeowners, however, do not have coverage that protects them from the damage caused by floods. Yet, many of these homeowners believe they are adequately protected by the coverage they receive through the state’s wind pool policies. MEMA…

Citizens Insurance rejects consumer benefits

September 4, 2012September 3, 2012 Nordstrom

Florida Insurance News - Citizens insurance

Report reveals Citizens Insurance rejections Florida’s Citizens Insurance has rejected more than 90,000 reports from commissioned inspectors that identified consumers to be eligible for property insurance discounts, according to an inspection from The Palm Beach Post. The Post inspected 225,000 records concerning the matter and found that Citizens Insurance had been rejecting these cases based on an attempt to cut costs and boost revenue. The state-run insurance group has been struggling with financial trouble for several years and is being pressured by government officials to solve these problems. Inspections part…