Author: Dan

Health insurance rates to soar in the US

Dan
Health Insurance rate increases

Humana CEO predicts higher health insurance rates for consumers Throughout the U.S., health insurance companies are issuing calls for consumers and businesses to prepare to pay higher rates for their coverage. Humana, one of the country’s leading health insurance companies, is the latest of these companies to become outspoken about the issue. According to Humana CEO Bruce Broussard, the implementation of the controversial Affordable Care Act will be a “bumpy road” for many and that consumers are the most likely to feel the effects that the health care law will…

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Winter Storm Nemo has mild impact on homeowners insurance

Dan
Snow Storm homeowners insurance

Homeowners insurance expected to fare well in wake of Nemo The northeastern U.S. has been suffering from a spate of natural disaster over the past few months. In October of last year, the East Coast was struck by Hurricane Sandy, which caused significant damage to homes and properties in New York and New Jersey. This month, a powerful blizzard swept across the northeast. Winter Storm Nemo, as it is called, buried much of the region in heavy snowfall, causing disruption of businesses in many states and causing further problems for…

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Flood insurance sparks anger for New Jersey Governor

Dan
Governor Chris Christie Flood Insurance

Flood insurance continues to be a problem issue after Hurricane Sandy In October of 2012, Hurricane Sandy made its way to the East Coast of the U.S. and left destruction in its wake. The storm caused widespread flooding throughout many of the East Coast’s major cities, with New York and New Jersey seeing most of the damage. Though the storm caused a grievous amount of damage, it also highlighted many of the problems that exist in the U.S. flood insurance sector, most of which are embodied by the National Flood…

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Flood insurance woes delay recovery in Long Island

Dan
Flood Insurance

Long Island homeowners have yet to receive payouts from their flood insurance policies Thousands of residents in Long Island, New York, are still waiting on their insurance payouts in the aftermath of Hurricane Sandy. The powerful storm struck the island more than three months ago, but many of its homeowners are still struggling to recover from the damage caused by the devastating storm. Most of these homeowners have been in contact with their insurance providers, but insurers have continued to delay claims payments or outright denying claims due to technicalities.…

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Flood insurance could soon be mandatory for 35,000 property owners in New York

Dan
Flood Insurance Flood Map

FEMA introduces revised flood maps that could expand flood insurance requirements The Federal Emergency Management Agency (FEMA) has introduced new flood maps for the East Coast U.S. this week that could force many property owners and businesses to purchase flood insurance coverage. The federal agency has been working to revise flood maps over the past two years, addressing some of the emerging threats that have been brought to light by powerful storms, such as Hurricane Sandy. These storms have caused widespread flooding in many parts of the East Coast and…

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