Live Insurance News

Property insurance rate reform may be on its way in North Carolina

April 7, 2015April 5, 2015 H. Cutner

coastal flood property insurance north carolina

Coastal leaders are seeking new ways to settle these rates, underscoring that this will benefit policyholders across the state. In North Carolina, coastal leaders are currently leading an effort to reform the property insurance rate setting process, while still making sure to point out that the legislation that they are proposing would be to the benefit of people across the entire state and not just those who have homes along the coastlines. The reforms would be based on the belief that there is a flaw in the current rate calculation…

1,100 homeowners insurance claims generated after Oklahoma storms

March 31, 2015March 28, 2015 Logan B.

Oklahoma Insurance Department sheds light on recent disasters and offers advice The Oklahoma Insurance Department has released information that shows that 1,100 homeowners insurance claims have been generated by storms that hit the state earlier in the week. The state fell victim to powerful storms that generated tornadoes and caused a significant amount of property damage. Many homeowners were affected by the disasters that struck the state and more claims may be filed in the coming weeks as property owners continue to assess the damage. Tornadoes have caused significant damage…

Homeowners insurance policies continue to be released by Florida’s Citizens Property Insurance

March 23, 2015March 21, 2015 S.Vagus

State-run insurer finds success with its depopulation efforts Florida’s Citizens Property Insurance, which offers homeowners insurance coverage to consumers, has successfully shed the bulk of its policies over the past year. The state-run organization has been trying to depopulate itself of policies in order to address its financial issues, reducing its exposure to risks while becoming more stable and resilient against future natural disasters. The policies released by the organization have been picked up by private companies, which continue to provide consumers with homeowners insurance coverage. Citizens Property Insurance now…

Homeowners insurance lawsuit filed by Sandy Hook families

March 18, 2015March 16, 2015 Julie Campbell

The suit has been filed by the victims of the tragedy, against the property coverage of Nancy Lanza. A total of nine parents of the victims of the Sandy Hook school’s heartbreaking tragedy have now filed a lawsuit against the homeowners insurance of the late Nancy Lanza, marking a new turn in the story of this vicious attack. These new lawsuits against the insurance policy were first reported on March 13, following reports of other suits. About three months ago, a number of the families of the victims of the…

New Jersey homeowners insurance legislation results from report outcomes

February 20, 2015February 18, 2015 Julie Campbell

A lawmaker in the state has now introduced a bill to stop premiums from skyrocketing after one claim. A recent homeowners insurance study brought to light a certain issue with regards to the significant raising of premiums for New Jersey customers after they had made one claim on their policies. The report showed that this issue was present across the country, but New Jersey took this to heart. The results were reflected in an insuranceQuotes.com data analysis that determined that after one homeowners insurance claim had been made in 2014,…