Pennsylvania Insurance Department aids in recovery after unusual hailstorm

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Powerful hailstorm causes significant damage to homes and vehicles in Pennsylvania A massive hailstorm has struck Pennsylvania and neighboring states. The storm is being called a particularly “devastating” event and lead to significant damage to property and vehicles. The Pennsylvania Insurance Department has begun working with those affected by the power storm, hoping to assist in the recovery process and help consumers better understand their insurance policies and what coverage they have. The damage caused by the hailstorm is still being assessed. State agency brings in out-of-state appraisers to expedite…

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Homeowners insurance sector rallies to Oklahoma

Oklahoma tornado homeowners insurance

Homeowners insurance faces another powerful blow from natural disasters Oklahoma City, Oklahoma, fell victim to a powerful tornado earlier this week. The tornado had been classified as an EF4 at the time it reached the city on May 20. The tornado boasted of more than 200 mile per hour winds and cut a path of destruction through the city and its surrounding area, claiming the lives of 24 people. State officials are now declaring the event an official disaster, which may be of some benefit to the homeowners insurance sector…

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Massive EF-5 Tornado Causes Destruction in Moore, Oklahoma

Oklahoma Tornado homeowners insurance

BOSTON, May 21, 2013 – According to catastrophe modeling firm AIR Worldwide, at 3:01 p.m. on Monday, May 20, 2013, a massive tornado struck Moore, Oklahoma, a suburb of Oklahoma City, destroying many homes, businesses, and public buildings, including two elementary schools and a hospital. According to reports and aerial images, property damage in the affected region is extensive, with whole neighborhoods heavily damaged or destroyed. “A slow-moving upper level low pressure system triggered a series of severe thunderstorm outbreaks across the Central Plains starting on May 19,” said Dr.…

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Cleanup of Fierce Northeast Winter Storm Begins: AIR Worldwide

BOSTON, Feb. 11, 2013 – According to catastrophe modeling firm AIR Worldwide, from New York 500 miles north to Maine and then into Canada, the fierce February 8-9 winter snow storm brought deep snow, high gusting winds, and significant storm surge along the New England coast. An estimated 40 million people have been affected and as of early Monday, there were no reports of substantial structural damage. “The storm developed late Thursday and in the early hours of Friday when a strong coastal disturbance that had developed along the Delmarva…

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Tropical Storm Alberto puts insurers on alert ahead of hurricane season

Hurricane Season 2012 - Tropical Storm Alberto

Tropical storm forms ahead of official start to hurricane season Hurricane season in the U.S. does not officially begin until June 1, but the season’s first tropical storm has formed off the coast of South Carolina. The storm was reported by the National Hurricane Center in Florida, which noted that the storm boasts of 50mph winds with more powerful gusts at the time it had formed. Though the storm was not expected to gain any strength during its lifespan, it did raise concerns within the insurance industry, which has been…

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Oklahoma lawmakers look to expand liability protection to shelter providers

Lawmakers seek to provide comprehensive liability protection insurance… Last weekend, a number of powerful tornadoes swept through the state of Oklahoma, as well as its neighbors. According to the National Weather Service, 75 tornadoes touched down throughout the Midwest, many of which caused rampant damage throughout the region, especially in Oklahoma, where a powerful tornado claimed six lives. The total damage of the tornado outbreak is still be assessed by the insurance industry, but the event has spurred Oklahoma lawmakers to develop a comprehensive liability protection policy to help shelter…

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Tornadoes in Oklahoma and Kansas claim lives and cause damage to property

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Damages from recent tornadoes that ripped through Oklahoma and Kansas. Powerful tornadoes tore through the states of Kansas and Oklahoma over the weekend, causing significant damage to businesses and homes as well as claiming lives. The National Weather Service claims that the weather system responsible for the disasters created more tornadoes in one day than either Kansas or Oklahoma would normally see in the month of April. Insurers have been working in cities affected by the tornadoes, hoping to mitigate any further damage and to process claims quickly to help…

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