Tag: homeowners hurricane insurance

Homeowners insurance rates to be affected by hurricane season

H. Cutner
homeowners insurance news florida

Property owners in Florida will be paying more for their coverage even though there haven’t been hurricanes in years. Despite the fact that Florida hasn’t been struck by a hurricane since 2005, the homeowners insurance rates are still on their way up as the season for these violent storms gets under way this year. In 2004 through 2005, the state was struck by eight different hurricanes, the last being Wilma. Hurricane Wilma slashed its way across the southern edge of the state and lead to billions of dollars in damage…

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Homeowners insurance through Citizens in Louisiana is hanging in there

Citizens Louisiana homeowners insurance

Isaac claims have left the last resort insurer in pretty good shape. Though Hurricane Isaac certainly left its mark and was considered to be a “fairly significant event” for the homeowners insurance of last resort, Louisiana Citizens Property Insurance Corp., the insurer was still able to cover the claims that came in and had the resources that it needed ready and waiting. This insurance news was released by Richard Robertson, the insurer’s chief executive. Citizens is the homeowners insurance company that sells its policies to people within the state who…

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Hurricane insurance predictions place losses from Isaac at up to $1.5 billion

Hurricane Isaac

The storm brought severe wind and rains to many parts of several states. When Isaac made landfall and then passed through New Orleans, it left a swath of onshore damages that current estimates are predicting to bring hurricane insurance losses of between $500 million and $1.5 billion. This disaster modeling firm prediction applies to the losses in Louisiana alone. Though Isaac wasn’t one of the most damaging that the state – or the country – has seen, it still managed to wreak havoc to homeowners and businesses alike. It caused…

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Importance of hurricane insurance and preparedness underscored by NOAA predictions

H. Cutner
Hurricane season 2012

Official storm season forecasts include eight Atlantic hurricanes. The National Oceanic and Atmospheric Administration (NOAA) has released its predictions for the 2012 storm season, drawing attention to the importance of preparedness and proper coverage through hurricane insurance. The NOAA’s report says that there will be from four to eight hurricanes this year. It explained that these severe weather events will fall in among the nine to fifteen named storms that have a 70 percent chance of occurring before the season is up. Furthermore, among the hurricanes, up to three will…

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