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...

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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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May 4, 2016

The New York high court's Tuesday ruling that each excess insurance policy covering Viking Pump Inc. and Warren Pumps LLC can be held liable for an entire loss resulting from asbestos claims gives policyholders a faster, cost-efficient path to coverage for multiyear claims by allowing them to target carriers in a single year, experts say.

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April 26, 2016

HOUSTON - Victims of flooding who need to make home repairs can benefit from a free service now being offered by Angie’s List, a review and rating website geared toward consumers.

Angie’s List is offering KPRC viewers, who’ve experienced flood damage, free access to the site to see reviews for reliable contractors to help with clean-up or home repairs.

Homeowners should call the...

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April 11, 2016

It’s been nearly four years since an unknown source sparked one of the costliest wildfires in Colorado history. Waldo Canyon fire insurance claims totaled more than $350 million — almost $1 million for every home lost.

That fire’s infelicitous record would stand less than a year, when insurance claims on the Black Forest fire climbed higher than $420 million, covering the nearly 500...