Live Insurance News

Ohio insurance costs deemed affordable, for the most part

March 20, 2014March 23, 2014 H. Cutner

An industry trade association has stated that auto and homeowners coverage can be afforded by most people. According to the latest data that has been released from an Ohio insurance industry trade association, auto and homeowners premiums are low enough that they can be afforded by the majority of the people living within the state. In fact, the rates within this state are notably lower than the average in the rest of the country. A report was issued by the Ohio Insurance Institute (OII) which has said that this state…

Homeowners take issue with flood insurance and lack of paid claims

March 19, 2014March 19, 2014 Nordstrom

Victims of Hurricane Sandy continue to fight for monetary compensation Some 16 months after Hurricane Sandy slammed into the East Coast of the U.S., homeowners are still working to recover from the disaster. The powerful storm caused an estimated $68 billion in damage, most of which came from floods that were triggered by the storm. In New Jersey and New York, homeowners quickly learned that the damage caused to their properties was not covered by their insurance policies because private insurers in the U.S. do not offer flood protection. Instead,…

Polar vortex highlights the need for flood insurance

March 13, 2014March 11, 2014 S.Vagus

Warming temperatures could spark floods as snow melts throughout the US Winter is coming to an end and that means that the problems caused by the polar vortex may soon spark new disasters. The polar vortex has sparked many problems throughout the U.S., dealing damage to properties, vehicles, and the country’s infrastructure. With winter coming to a close, some of the issues involving the polar vortex may become easier to resolve. Warming temperatures means that the snow that the climatic phenomenon has brought to the country is beginning to melt.…

Flood insurance rates may see turmoil throughout the US in coming months

March 12, 2014March 10, 2014 Logan B.

Insurance rates may soon become chaotic due to changing flood maps and new legislation Flood insurance rates are expected to begin fluctuating throughout the U.S. this year. Reforms are taking hold of the National Flood Insurance Program due to new legislation. The provisions of this legislation are delaying significant increases in insurance premiums for the time being, but the Federal Emergency Management Agency (FEMA), which oversees the federal insurance program, continues to make revisions to flood maps that are having a dramatic impact on the cost of insurance protection. Arizona…

Earthquake insurance shakes up homeowner confidence

March 11, 2014March 10, 2014 Julie Campbell

After the 6.9 magnitude quake shook Northern California, standard policyholders wonder about coverage. Recent tremors over the last few days have spiked the number of calls that homeowners and earthquake insurance companies have been receiving in order to find out what type of coverage they have and to make sure that they do have protection if the “big one” should strike. The California quake has received the most attention, but there were two in South Carolina, as well. Those two rumbles were notably lower than their Californian cousin, at a…