Live Insurance News

Winter activities make insurance news in Ohio

January 22, 2015January 20, 2015 Julie Campbell

Residents of the state have been urged to review the protection that they have for their snowmobiling, skiing, etc. Mary Taylor, the Department of Insurance Director and Lieutenant Governor of Ohio has released an insurance news statement which has advised residents of the state to look into their coverage before they take part in some of their favorite types of winter activities. The goal is to make sure that proper insurance coverage is in place in case an accident should happen. Taylor explained that Ohio is a great place for…

Insurance industry losses are massive due to disastrous winter weather

February 26, 2014February 24, 2014 G. Turner

Over $1.4 billion in losses have been seen due to the extreme conditions that have been experienced. With continual snow and temperatures that are continually below the averages, the insurance industry is starting to feel the same winter blues that are being experienced by the cabin feverish residents of the icy and snowy regions of the country. As much as snowplows and two truck drivers are frustrated, the losses seen by insurers is even greater. According to the data that was issued by Impact Forecasting, the extra wave of severe…

Insurance claims spike following intense winter weather

January 14, 2014January 12, 2014 H. Cutner

From flooded basements to burst frozen pipes and damage to vehicles, insurers have been kept busy. The wild weather this winter has caused an influx in insurance claims as well as calls to contractors and repair companies as everyone from homeowners to vehicle owners have been facing damage as a result of various issues relating to the extreme conditions. From the heavy snowfalls and the extremely low temperatures to the sudden thaws, filings are way up. Insurers have been reporting that insurance claims have experienced a significant increase over the…