Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in those areas thanks …
Even as the Mississippi attorney general negotiates a potential settlement with State Farm Fire & Casualty Co., an eight-person jury began hearing opening statements Tuesday in one of hundreds of insurance lawsuits filed by policyholders after Hurricane Katrina. By seating …
The Tulsa Zoo will soon showcase an exhibit featuring a prototype for environmentally friendly and disaster-proof homes of the future. State Farm Insurance and American Electric Power-Public Service Company of Oklahoma each contributed $50,000 on to build “The Millennium Center.” …
U.S. Representatives Ginny Brown-Waite (FL) and Vern Buchanan (FL) today introduced the Homeowners’ Insurance Protection Act of 2007, a comprehensive catastrophic insurance bill that would establish a federal reinsurance catastrophic fund (cat fund) as a federal backstop for future natural …
While recognizing that economic losses from natural catastrophes were considerably lower in 2006 than in 2005, Munich Re warned the industry against becoming too complacent. In a bulletin on the reinsurer’s web site (www.munichre.com), Dr. Torsten Jeworrek, a member of …
TheFlorida Department of Financial Services is advising that due to Gov. Jeb Bush’s declaration of a state of emergency in Pasco, Volusia, Lake and Columbia counties as a result of widespread damage from tornadoes that struck on Dec. 25, the …
Citizens Property Insurance Corp. opened an emergency operations center in Deland, Fla., to help policyholders whose homes were damaged by the Dec. 26 storms and tornadoes in the Volusia County area. The center is at the Hess gasoline station at …
Four Christmas Day tornadoes damaged hundreds of Florida homes, with one flipping airplanes at a flight school and tearing the roofs off three apartment buildings, accoording to officials. Gov. Jeb Bush late Tuesday declared a state of emergency in Columbia, …
Residents whose homes or businesses were damaged by tornados that struck several central Florida counties can call the Florida Department of Financial Services’ storm hotline at 1-800-22-STORM if they need help filing an insurance claim or checking the licensure of …
Arkansas’ new emergency operations center was dedicated last week and the building is expected to be completed in May. Arkansas Department of Emergency Management Director David Maxwell said the $13.5 million building will function as the command center for emergency …