West Virginia legislators decry rising flood insurance rates

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State lawmakers to confront Congress regarding rising premiums Lawmakers in West Virginia are beginning to express their concerns regarding rising flood insurance rates. The state’s House of Delegates plans to urge Congress to address the issue in the coming year, but whether federal lawmakers will seek to mitigate the pressure of higher insurance premiums is an uncertain matter. West Virginia lawmakers suggest that homeowners and businesses alike are suffering under the financial pressure associated with higher insurance premiums and this pressure is only expected to grow as premiums continue to…

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West Virginia legislators pass new law that gives consumers access to information on their insurance policies

The West Virginia House of Delegates has granted approval of a new legislation that would require insurance companies to disclose information regarding policies to consumers filing claims. The bill received support from both parties and passed with a 64-33 vote on Monday. The law aims to provide consumers with more understanding of how the insurance industry works and what they can expect to deal with when filing claims. It will also help consumers understand the limitations of their own policies and discover whether or not an insurer can deny a…

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