Insurance agents and adjusters have their hands full in St. Louis storm ravished areas

Following Friday’s extraordinarily severe weather, teams of insurance and emergency personnel from all around Missouri have gathered in the St. Louis region to better coordinate their efforts there. While emergency response crews conducted house-to-house searches, insurance agents began fielding a sleuth of claims of damaged property. While there have been no casualties as yet, the experience has left many in a state of disbelief. The storms have wrought massive amounts of damage, says Pattonville Fire Protection District Battalion Chief K.J. Spurlock. “Cars upside down, large trees and power lines are…

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Hawaii’s hurricane fund in jeopardy of being drained

Hawaii may lose their state hurricane fund in an attempt to balance a 232 million dollar deficit. The fiscal year ends in three months and state officials are scrambling to find a way to balance the budget.  One approach that is being considered is to use part of, or all, of the 117 million dollars sitting in the hurricane relief fund. The state fund was started after the 1992 disaster from hurricane Iniki, which caused most insurers to stop writing policy coverage for hurricanes and related damage.  It took 10…

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