Live Insurance News

Flood insurance reforms may not be enough to satisfy homeowners in Georgia

April 7, 2014April 12, 2014 S.Vagus

Legislation concerning flood protection may only be a short term solution Legislation meant to rollback the premium increases on policies from the National Flood Insurance Program was recently passed, but the matter of expensive insurance coverage is far from over in many states. The legislation was designed to provide homeowners with relief from insurance rates that were rising too quickly, but it may only be a temporary solution to a serious problem. Lawmakers in Georgia are looking into new solutions to the matter of flood insurance and what can be…

Auto insurance rates increased by 2.5 percent in 2013

April 3, 2014April 16, 2014 H. Cutner

Drivers across the country will likely be paying slightly more for their coverage because of the increases. As the country keeps the spotlight on Obamacare and the requirement for health coverage, the auto insurance sector has also been making recent news through the latest data that has revealed that prices rose just slightly last year. This type of increase seems to be occurring in many different sectors of the insurance industry. The homeowners and auto insurance segments of the industry have been experiencing their own sets of changes and increases…

Homeowners in California are lacking earthquake insurance

April 2, 2014April 12, 2014 Nordstrom

California Earthquake Authority - earthquake insurance

Recent quakes in California highlight the lack of appropriate coverage A recent spate of earthquakes in California has many homeowners worried about whether or not their properties are covered against the damaged caused by these natural disasters. On Friday last week, a 5.1 earthquake struck Southern California. The quake caused modest damage, but homeowners affected by the event are finding that they have to pay for these damages themselves as they lack the appropriate insurance coverage. The vast majority of homeowners insurance policies do not offer protection against earthquakes, but…

Flood insurance reforms may be missing the mark

April 2, 2014March 31, 2014 Marc

Homeowners are finding that their flood protection costs are increasing rapidly Reforms to the National Flood Insurance Program have been passed, but these changes may have little impact on the actual cost of flood protection in many parts of the U.S. The reforms were meant to limit the rate at which flood protection becomes more expensive, but homeowners in many parts of the country could face “extreme costs” when it comes to their coverage in the coming months. In Winona County, Minnesota, for instance, homeowners are being told to brace…

Earthquake insurance reminders come in many forms

March 31, 2014March 29, 2014 Julie Campbell

From the 50th anniversary of the Great Alaskan Earthquake to the tremor in Southern California, risks remain present. Another tremor has rocked Southern California, this one on Friday, just in time for the fiftieth anniversary of the quake that occurred in Alaska and to remind business owners and homeowners of the importance of earthquake insurance. This is the second quake to strike California in as many weeks and it sends a message to property owners. Earthquake insurance is not included in the standard homeowners or business policy and should be…