FEMA flood insurance rate update released by ZIP code and county

Nordstrom
Flood Insurance Rates - Property

The Federal Emergency Management Agency has unveiled its price increase updates. The Federal Emergency Management Agency’s (FEMA) Risk Rating 2.0 flood insurance calculation method caused an uproar among advocates and critics who said that homeowners were destined to send prices skyrocketing for thousands of property owners. Homeowners in low-elevation coastal locations would be particularly affected, said critics. FEMA has now released data that reveals where prices will be increasing and decreasing, based on county and ZIP codes. The Miami Herald conducted an analysis of the new data and determined that…

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Essential SEO Strategies For Insurance Companies

Guest Author
online strategies for insurance

Imagine you are a customer shopping for insurance online, trying to find the best policy to fit your needs and budget. You open up a search engine and type in “affordable auto insurance.” Dozens of results appear, each promising the best rates, coverage, and service. But which one do you choose? The truth is, most customers only click on the first few results that appear on the search engine results page. That’s why it’s crucial for insurance companies to optimize their websites for search engines, using effective SEO strategies to…

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Illinois auto insurance rate calculation overhaul in the works

G. Turner
Auto insurance - Rate Hikes - Illinois

State Rep. Will Guzzardi is seeking to ban “excessive” increases and price calculation factors. Illinois state Rep. Will Guzzardi is seeking to require that auto insurance companies obtain state approval before they can implement rate hikes. He is also aiming to implement a ban for “excessive” rate increases and stop insurers from being able to use occupation, gender or credit score to calculate premiums. The largest car insurers in the state have increased rates by $527 million since the start of the year. According to analyses conducted by two consumer…

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Exxon and Guyana accused of oil spill insurance breach

Live Insurance News
Oil spill insurance - Tanker on water

A Guyanese court recently ruled against the energy company and the country’s environmental agency. A unit of Exxon Mobil has been ruled to be in breach of oil spill insurance for its first Guyana offshore oil project, partly because of errors made by the country’s environmental regulator, according to a Guyanese court. The government of Guyana has rejected the ruling made by the court against its environmental regulator. According to High Court Justice Sandil Kissoon in the ruling, Exxon “engaged in a disingenuous attempt” to shrink its environmental permit obligations…

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Congress considers 17 changes to flood insurance program

Marc
Flood insurance - Home Floating in Water - Changes

The proposed changes are expected to reduce the cost of coverage to low-income homeowners. Low-income homeowners stand to pay less for coverage under the National Flood Insurance Program (NFIP) if the Federal Emergency Management Administration’s (FEMA) proposed 17 changes are implemented. NFIP has been struggling with its finances amid more frequent and severe storms due to climate change. FEMA is seeking to create a more thinly spread risk by drawing more property owners to purchase flood insurance policies. The agency’s goal is to implement a number of changes in federal…

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Registering an Insurance Company in Ireland

Guest Author
insurance company in Ireland how to open one

The insurance sector is a highly controlled government-enforced syndicate. First off, you will require a license issued by the Irish Financial Services Regulator. Also, you’ll require a massive amount of capital because there is a needed risk ratio which is really high. Some companies can alleviate the risk for you (reinsurers) to aid with this prerequisite but they impose a levy (can reach up to 30% for high-risk companies). Ireland provides a great investment opportunity since the local economy is growing rapidly. Several industries in Ireland testified to experiencing considerable…

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Georgia to operate its own health insurance market under newly signed law

Logan B.
Health insurance - Georgia Laws

The state government will be operating the exchange on its own for the first time. Governor Brian Kemp (R) has signed a bill into law that will have the Georgia state government taking over its own health insurance marketplace for individual coverage for the first time. Among the reasons the governor signed the bill is to boost competition and give consumers options. According to Governor Kemp, who spoke at a ceremony at the state Capitol, this new law will provide state residents with a better way of “knowing and comparing…

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