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Archive for the Live Insurance News Category

Mar-A-Lago carries NFIP flood insurance protection

At the same time that the federal program faces an uncertain future, the president’s Florida estate is covered by it. Mar-A-Lago, Donald Trump’s Palm Beach, Florida estate and club, has a flood insurance policy through NFIP. The National Flood Insurance Program is the controversial program selling coverage […]

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Some insurers no longer sell wildfire insurance policies in Montana’s high risk zones

As fires blast their ways across western portions of the states, many providers have refused to continue selling. Wildfire insurance policies are becoming harder to obtain in certain parts of Montana. Some insurance companies have decided to stop offering this protection in some of the zones where […]

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Hurricane Irma may force Florida’s private flood insurance market to prove its mettle

Residents of the state are preparing to protect their properties and loved ones against the approaching storm. As Hurricane Irma makes its way through the Caribbean and ever closer to Florida, the insurance industry is bracing itself. This is particularly true of the private flood insurance market […]

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Rising extreme weather risk places property insurance in uncomfortable position

An increase in severe storms, flooding, wind, wildfires and other disasters are driving claims skyward. Flooding and wildfires are making massive headlines this summer and this extreme weather risk is placing considerable pressure on the property insurance industry. These types of disaster are spiking the number and […]

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Texas auto insurance claims filed by the thousands, and they’re just getting started

Insurers covering vehicles in areas affected by Hurricane Harvey expect hundreds of thousands of claims. Auto insurance claims have already started filing in as a result of Hurricane Harvey, but despite the high numbers, they’re just getting started. Insurance companies throughout the affected regions are bracing for […]

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Insurance drones will be broadly deployed by Hurricane Harvey claims adjusters

The use of these unmanned aerial vehicles has been adopted by Allstate, State Farm and other major property insurers. Property insurance companies in Texas and Louisiana, such as Allstate and State Farm, are preparing to use their insurance drones to survey the aftermath of Hurricane Harvey. This […]

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Federal flood insurance program stuck on hold as Hurricane Harvey tallies climb

Southeastern Texas was devastated by the storm, placing the focus back on NFIP and the GOP restructuring effort. The Federal flood insurance program is in limbo at the moment while Texans face catastrophe following Hurricane Harvey. The Republicans have been trying to restructure the National Flood Insurance […]

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New Texas insurance law may make things harder for Hurricane Harvey victims

As the very first steps for recovery begin, HB 1774, signed into law by Texas Governor Greg Abbott (R) becomes effective. A Texas insurance law, signed by Governor Greg Abbott back in May, will become effective tomorrow. This, at a time when Hurricane Harvey victims are taking […]

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Hurricane Harvey damage to be among “top 10 most costly” for insurers, JPMorgan

The financial services company told its clients that the costs could be between $10 billion and $20 billion. JPMorgan informed its clients that the Hurricane Harvey damage left behind in Texas could be as high as $10 billion to $20 billion. This would place it among the […]

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Health insurance exchanges have at least one offering in every U.S. county

The Affordable Care Act was previously threatened by possible bare patches in plan availability. Earlier in 2017, it appeared as though the health insurance exchanges in several states would suffer bare counties in the 2018 open enrollment period. That said, the situation has turned around and every […]

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