Tag: storm insurance

Flood insurance opportunity for Sandy may have passed

insurance news - atlantic hurricane season

Homeowners who want coverage against flooding should have already purchased their policies. In the human tradition of leaving things until the last minute, many families are rushing to fill their gas tanks, crowding grocery stores to stock up on the food they might need over the next little while, and are calling their insurers to find out what flood insurance they have against Hurricane Sandy. Unfortunately, for many, inquiring about coverage is something they should have done much sooner. Homeowners across the Northeast of the country are getting themselves ready…

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Homeowners insurance industry is hoping early signs of cold will serve as a reminder

homeowners insurance information institute winter snow ice

The time has come for winter proofing homes and properties to help prevent damage. Though the majority of damage caused by winter storms is covered by homeowners insurance, it is highly recommended that efforts be taken to help protect the home against harm from frost, freezing, snow, wind, and other problems throughout the colder season. Some areas of the country have already experienced weather advisories for frost and freezing temperatures. Though these signs of winter are still very early, they are an important signal of how close the season truly…

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Many homeowners insurance policyholders don’t understand their storm protection

Dan
Homeowners Insurance

In the event of severe weather, most don’t know specifically how they are covered. Though the importance of homeowners insurance is undisputed among most people who have purchased a house, the sad truth is that the majority of policyholders don’t actually know what kind of coverage they have in the event that a storm should come along and cause damage to their properties. A MetLife survey’s results have shown that 31 percent don’t know exactly how much coverage they have. Equally, another 46 percent of the respondents couldn’t say which…

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2012 hurricane season may be more peaceful than previous years

Marc
Hurricane season 2012

Weather Service International announces calmer season for the U.S. The global insurance industry has been holding on to hope that 2012 would be less prone to disasters than its two predecessors. Storms earlier in the year damage this resolve, causing a significant amount of insured losses around the world. Major storms in the U.S. have left the country’s insurance industry on its heels. Things may be looking up for U.S. insurers, however, according to a recent announcement from Weather Services International, a global weather monitoring service. 2012 to have below…

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Severe weather leads to over $1.2 billion in insurance losses in March

Marc

Insurance industry gets hit with huge losses for 2012. Global reinsurance intermediary, Aon Benfield, which is also responsible for the Aon plc capital advising, has released its most recent Global Catastrophe report edition, which provided an overview of the global natural disaster events of March 2012. The report was published by the catastrophe model development center of excellence for the company, Impact Forecasting. It showed that a number of serious weather events struck the Tennessee Valley, the American Midwest, and the Southeast of the country during the first week of…

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