Insurance industry could face losses of $5 billion from storms

H. Cutner
tornado insurance Oklahoma

American insurers may be facing a growing number of severe weather issues such as tornadoes. According to the disaster modeling company, Eqecat, the United States insurance industry could find that the insured losses from severe storms and tornadoes that occurred last week may come with a bill of $5 billion. The estimate from the firm falls within a range of $2 billion to $5 billion, with most linked to the Moore tornado. Though this is still quite early after the Moore, Oklahoma tornado from May 20, for the insurance industry…

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Insurance news from Texas includes commissioner leaving role

G. Turner
Insurance news - Eleanor Kitzman Texas Insurance Commissioner

Eleanor Kitzman has announced that she will no longer be maintaining her role in the regulatory agency. Insurance news is being made at the head of the Texas regulatory agency as Eleanor Kitzman has announced to her staff that she will no longer be continuing in her role as the state’s commissioner. Today is the final day of her time as a commissioner as it is the closing date of the legislative session. Kitzman is not able to continue serving after today, as it is the last day of the…

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5 Things First Time Life Insurance Shoppers Should Keep in Mind

Guest Author
Life insurance

When you make the decision to invest in a life insurance policy… it’s important to do your research before signing any official documents. Preparing yourself with knowledge will help you feel ready to make the best decision for you and your family, and while looking at all the options can make you feel as if you’re stumbling in the dark, having a general idea of what you’re expecting from your policy will help shed some light and help you find the best choice. To make your life insurance quest easy…

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Five Types of Business Insurance You Should Have

Guest Author
Business Insurance

How to Avoid Financial Ruin in the Future Businesses need several different types of insurance to protect them from financial ruin. It is important to protect your business with different types of insurance that will keep you and your business protected in several key ways. Importance of Property Insurance Property insurance will protect your building and the supplies within it if there is a robbery or fire. Furthermore, this insurance also will help if your store has been vandalized or if there is smoke damage to the property or items…

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Federal government takes over health insurance program in California

Logan B.
health care reform

California health insurance program now under federal control California’s high-risk health insurance program is set to be taken over by the federal government in the coming weeks. The state’s Pre-Existing Condition Insurance Plan was established to ensure that state residents with serious and chronic medical issues were able to find the health insurance coverage they needed. The program itself has been somewhat successful in this endeavor as it provides coverage for some 17,000 Californians. There had been concerns, however, that the program would not be able to last for the…

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