Live Insurance News

Hurricane Beryl Impact on the Insurance Industry: An Early Test of Resilience

July 8, 2024July 8, 2024 Logan B.

Hurricane Beryl has made history as the earliest Category 5 hurricane on record, marking a turbulent start to the 2024 Atlantic hurricane season. Despite its initial strength and the potential for significant impact, the insurance industry has so far weathered the storm relatively well. However, the season’s outlook suggests that insurers may need to brace for more challenging weather ahead. Early Strength and Managed Impact Beryl’s rapid intensification caught the attention of meteorologists and industry experts alike. The hurricane’s path through the Caribbean caused concern, but the damage trajectory ultimately…

Texas health insurance covering more than ever, except the poor

June 2, 2016June 1, 2016 Logan B.

The state has been very successful in decreasing the size of the uninsured population but not among the lowest income groups. The number of people without Texas health insurance has been steadily falling since the implementation of the Affordable Care Act. However, this is not the case among the state’s poorest population. Though Obamacare has been helping people to purchase health plans, those with low incomes are staying uninsured. This failure to successfully decrease the number of low income residents without Texas health insurance has made the state a leader…

Texas hailstorms highlight the importance of homeowners insurance

April 20, 2016April 20, 2016 S.Vagus

Hailstorms batter Northern Texas, showing consumers the need for insurance coverage Northern Texas was recently the victim of a major hailstorm, which has highlighted the need for comprehensive homeowners insurance coverage. In the Dallas area, insurers experienced a flood of claims, which were the result of a hailstorm that passed through the region. As with all natural disasters, the hailstorm struck without warning, causing significant damage to property and vehicles in some parts of the region. Some homeowners have been experiencing hail damage for weeks due to unfavorable weather patterns.…

Consumers in Texas going uninsured due to the high cost of health insurance

February 2, 2016January 31, 2016 Logan B.

High cost of insurance policies leads many to avoid the coverage that they need Many people in Texas still lack health insurance coverage, but these uninsured people are unlikely to acquire coverage due to its high cost. A new report from the Rice University’s Baker Institute for Public Policy and the Episcopal Health Foundation shows that many people are struggling to pay for insurance coverage, which has lead them to avoid purchasing policies altogether. an estimated 20% of uninsured Texans noted that they simply do not want health insurance coverage…

Disasters place more attention on the National Flood Insurance Program

January 22, 2016January 20, 2016 Marc

Severe flooding has placed more focus on the federal flood insurance program Devastating floods in Missouri and Texas have highlighted, yet again, the problems that exist with the National Flood Insurance Program. In December, floods throughout the Midwest and Southwest caused several millions of dollars in property damage, as well as claiming more than 40 lives. The damage caused by these disasters has added to the financial strain that the National Flood Insurance Program is facing. The federal program is currently $23 billion in debt, with lawmakers failing to resolve…