Live Insurance News

Homeowners insurance claims pour in following hail storm

March 21, 2013April 30, 2013

The widespread damage in Mississippi also lead to hundreds of auto filings within the first few hours. Within the first days following the hailstorms in Mississippi, hundreds of auto and homeowners insurance claims have been coming in due to the damage that had been left behind in the state’s capital city and surrounding areas. Authorities have yet to calculate precisely how many structures and vehicles were damaged. It looks as though Jackson and its suburbs faced the heaviest damage in the state. According to a Farm Bureau Insurance employee, Jim…

Aon Benfield’s June severe weather stats show losses of $2 billion

July 16, 2012July 16, 2012 Marc

Last month experienced significant insured natural catastrophes in the United States. Aon Benfield has released its Global Catastrophe Report, which showed that in June, the losses from severe weather were nearly $2 billion in the United States alone. The report was published by Impact Forecasting at Aon, analyzing natural disasters worldwide. Among all of the severe weather events, the greatest losses were caused by the hailstorms in New Mexico and Texas, where hail the size of tennis balls hurtled to the ground, smashing their way through cars, roofs, and everything…

Agriculture groups seek more protections against severe weather with insurance safety net

September 14, 2011September 14, 2011 Marc

Extreme weather is presenting a unique and complicated problem to the nation’s farmers. With many decrying climate change as a scientific impossibility, famers have been left handling the issue of uncommonly severe weather without a place to put the blame. In fact, most farmers do not even mention climate change when discussing the issue, focusing their concerns more on the protection of their crops and mitigating any losses they experience. This has led to a rampant increase in demand for crop insurance throughout the nation. Crop insurance can help farmers…