July 17, 2016

The federal government's flood insurance program has triggered a steady downpour of bad news, but private insurance isn't going to replace the troubled program anytime soon unless Congress makes some changes, experts said.

The National Flood Insurance Program is administered by FEMA, which works with more than 80 private insurance companies to offer flood insurance to business owners,...

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July 11, 2016
Insurance consumer group United Policyholders has urged the Eleventh Circuit to find that Auto-Owners Insurance Co. must defend Elite Homes Inc. in a construction defect suit, saying Florida law holds that insurers must provide a defense if there is any possibility of coverage.
 
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July 2, 2016

When Herb Solomon changed his homeowners’ insurance this year, he was surprised to see that his new company estimated the replacement cost of his 2,600-square-foot North Berkeley home at roughly one-third less than the old one.

June 13, 2016

An anonymous agent reveals the dirtiest secrets of his profession, and the rules for building your personal safety net

Remember Woody Allen? The movie director who married his ex-wife’s adopted daughter? Well, Woody once said, “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?”

Okay, I’m an insurance salesman, and as any young...

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June 8, 2016

Trying to figure out how auto insurance companies set your rate can be a real head-scratcher. You’re unlikely to crack the formula, but you can be sure that your credit history is part of the equation, unless you live in one of the few states where insurers can’t use it to calculate how much you’ll pay.

The insurance industry says using credit scores rewards drivers who have good credit...

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June 1, 2016
Bonnie, the tropical storm that drenched the Carolinas over Memorial Day weekend, did not reach hurricane status. But that storm, and the official start of the 2016 hurricane season on Wednesday, make this a good time for homeowners to check their insurance policies to see what is covered if a big storm hits.
 
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May 25, 2016

The Federal Emergency Management Agency announced changes to the nation’s flood insurance program on Monday, responding to complaints from Superstorm Sandy survivors that the private insurers participating in the federally-backed program underpaid their claims and dragged out lawsuits.

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May 25, 2016

In the aftermath of a flood, people may be unpleasantly surprised to find that their home insurance doesn’t cover the damage caused by rising storm waters. It hasn’t since insurance companies decided that floods were too risky to cover.

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May 16, 2016

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