Live Insurance News

Florida homeowners insurance may be stable this hurricane season

May 15, 2015May 14, 2015 Marc

Florida’s Cat Fund is equipped to handle a significant natural disaster Florida may be able to withstand a major hurricane thanks to the financial capabilities of the state’s Hurricane Catastrophe Fund, also known as the Cat Fund. The fund is designed to provide a financial safety net for homeowners insurance companies that face significant losses in relation to a major storm. The Cat Fund has been used many times in the past to help the state recover from serious losses, but Florida has not suffered a major hurricane in nine…

The 2015 hurricane season predictions are good insurance news

May 1, 2015April 29, 2015 Julie Campbell

insurance news - atlantic hurricane season

If the recent forecasts are correct about this year, it could mean that damage and claims will be low. A set of insurance news forecasts have now been released with regards to the 2015 Atlantic basin hurricane season and it looks as though this year could be offering another one that is on the quiet side. Researchers at Colorado State were among those that released their 2015 hurricane season forecast. The predictions from Colorado State have been made since 1984 and are those that are frequently consulted when seeking a…

Don’t Forget About Flood Insurance

July 5, 2014July 4, 2014 Note From The Editor

coastal flood property insurance north carolina

The Atlantic hurricane season has arrived and that means people may need to consider ways to protect themselves. This year’s hurricane season has already been somewhat active, but no devastating storms have yet struck the U.S. This does not mean that the country is safe from such disasters, only that one hasn’t showed up yet. It is impossible to tell when or where a powerful hurricane will form, so it may be a good idea to get a better understanding of flood insurance. One of the defining aspects of hurricanes…

Hurricane season preparedness is better than typical in Florida, this year

June 4, 2014June 2, 2014 G. Turner

The insurance industry is more ready than usual as this year’s highest risk period for the storms begins. This hurricane season, Florida feels that its insurance industry is better prepared than it has been in quite some time, after having enjoyed eight consecutive years in which the massive Atlantic storms have not caused catastrophes within the state. Now that the season for these major storms has begun, the state is ready to see what this year has to offer. The 2014 Atlantic hurricane season got started on June 1 but…

Flood insurance is an uncommon solution to a common problem in the United States

September 21, 2013September 21, 2013 Note From The Editor

This Week’s Trending Topic: Flood insurance in the US is often misunderstood In the U.S., flood insurance is often a misunderstood issue. Many homeowners throughout the country live in regions that can be considered to be at high risk of flooding, either due to heavy rainfall or because of the region’s exposure to hurricanes. While homeowners in these regions of the country are exposed to flooding disasters, very few people actually have flood insurance protection. This could be due to a simple misunderstanding that most people have regarding their homeowners…

Tropical Storm Gabrielle Buffets Bermuda, First Hurricane of 2013 Season Forms: AIR

September 11, 2013 Guest Author

BOSTON, Sept. 11, 2013 – According to catastrophe modeling firm AIR Worldwide, one day after regenerating into a tropical storm after fizzling in the Caribbean last week, Gabrielle’s center came within 65 km (40 miles) west-southwest of Bermuda this morning. As of the National Hurricane Center’s (NHC) 11 a.m. AST advisory today, Gabrielle was about 90 km (55 miles) west of Bermuda and has moved little over the past few hours. “The storm’s maximum sustained winds weakened to 80 km/h (50 mph), although tropical storm force wind gusts could continue…

Insurance industry prepared to handle hurricane season

June 6, 2013June 4, 2013 S.Vagus

Insurance industry will be capable of handling threats of the 2013 hurricane season There are many concerns swirling around the U.S. concerning this year’s hurricane season. Many of these concerns relate to the impact that 2012’s Hurricane Sandy had on the East Coast. This single event caused more than $75 billion in damages in the U.S. and elsewhere and is considered the second costliest hurricane the country has ever seen. The National Oceanic and Atmospheric Administration recently announced that it predicts as many as 6 major hurricanes to form in…