A Danish yachting family released after being held captive for more than six months by Somali pirates have returned to Denmark. Jacob Bendner of the insurance company that organized the return trip says the family of five and the two …
Connecticut officials have announced that several more insurance companies have agreed to waive higher-cost hurricane deductibles for coastal property owners whose homes were damaged by Tropical Storm Irene. Gov. Dannel P. Malloy and Insurance Commissioner Thomas B. Leonardi announced Tuesday …
State officials have warned the Southern California city of La Puente that it could lose its insurance if elected officials do not start managing the city properly. The Los Angeles Times reported Saturday that the California Joint Powers Insurance Authority, …
A record 10 weather disasters in the U.S. have each caused at least $1 billion in damage: Hurricane Irene, Aug. 20-29. Damages and deaths are still being tallied, but estimates are running more than $7 billion and close to 50 …
As the water recedes from Hurricane Irene, lawyers are expecting disputes over insurance coverage to pour in. The biggest fights will stem from arguments over property damage and whether it resulted from wind or water, legal experts said. Similar questions …
As flooding from Hurricane Irene causes heavy damage in New Jersey, federal officials report almost 230,000 property owners in the state have flood insurance. Flooding is not covered by homeowners insurance but by special flood policies purchased through the Federal …
Far from the beach towns that took Hurricane Irene’s first hit, the storm inflicted some of its worst damage on inland farms as crops were pummeled by wind, scalded by salt spray and submerged by floodwaters. Some farmers are reporting …
Swiss Re’s latest sigma study – “State involvement in private insurance” – examines the increasing symbiosis between governments and the private insurance sector. The report notes that “more and more governments are leveraging private insurance skills and the growing capacity …
Colorado officials say they have no money to help earthquake victims in southern Colorado. Department of Local Affairs spokeswoman Linda Rice says the state is providing technical assistance, including geological analysis, aerial photography and water quality testing. According to the …
Members of the Waveland Police Department survived Hurricane Katrina by grabbing a tree in front of their building and hanging on for their lives when a wall of water washed away most of the town on Aug. 29, 2005. Six …