October 17, 2024 Law360’s Guide To The 2024 Insurance Commissioner Races Voters around the country are gearing up to head to the polls, reading up on candidates’ policies and checking their registration statuses, but in four states, voters will also cast their… Read more.
October 16, 2024 After hurricanes, the business of rebuilding lives means navigating the insurance claims process Now that the threat of Hurricanes Helene and Milton has receded, millions of homeowners and business-owners across Florida and the Southeastern U.S. are faced with traversing the often long and laborious process of using insurance to rebuild their lives. Immediately after disasters like these, property…
October 16, 2024 Why Insurance Rates for New York Property Owners Are Soaring Policies are harder to find and costlier when they are available for homeowners who are struggling to stay above water. Logan Browne thought he already experienced sticker shock from his Bushwick condo building’s insurance rate tripling last year. Then, this summer, the insurance company dropped…
October 16, 2024 Why Insurance Rates for New York Property Owners Are Soaring Policies are harder to find and costlier when they are available for homeowners who are struggling to stay above water. Logan Browne thought he already experienced sticker shock from his Bushwick condo building’s insurance rate tripling last year. Then, this summer, the insurance company dropped…
October 15, 2024 Navigating Insurance Claims After Hurricanes Helene and Milton Insurance Claims After Hurricanes Helene and Milton: Quick Looks Understanding policies: Know your coverage limits, exclusions, and deductibles to determine if filing a claim is worthwhile. Documentation is key: Keep detailed records of damages, expenses, and interactions with adjusters to support your claim. Seek professional…
October 9, 2024 Hurricanes Milton, Helene underscore potentially devastating gaps in home insurance coverage Hurricanes Milton and Helene are exposing holes in the home insurance coverage that many Americans have leaned on for a sense of security in the face of natural disasters. Milton is currently headed for Tampa Bay, where — if the hurricane’s angle of approach is…
October 8, 2024 Disaster Recovery Community Update set for Wednesday at Lahaina Civic Center A status update on wildfire debris cleanup will be provided by the US Army Corps of Engineers on Wednesday, Oct. 9, during a Maui County Disaster Recovery Community Update meeting at the Lahaina Civic Center. The meeting starts at 5:30 p.m. in the social hall.…
October 7, 2024 Hit by Disaster? How to Get What You Deserve From Insurers or FEMA If your home was damaged or destroyed by Hurricane Helene, the most daunting challenge may still be ahead: Getting your insurance company, or the federal government, to give you the money you’re entitled to receive. That process can be infuriating and baffling, and it comes…
October 5, 2024 Homeowners hit by Hurricane Helene face the grim task of rebuilding without flood insurance The Category 4 storm that first struck Florida’s Gulf Cost on September 26 has dumped trillions of gallons of water across several states, leaving a catastrophic trail of destruction that spans hundreds of miles inland A week after Hurricane Helene overwhelmed the Southeastern U.S., homeowners…
October 5, 2024 Hit by Disaster? How to Get What You Deserve From Insurers or FEMA If your home was damaged or destroyed by Hurricane Helene, the most daunting challenge may still be ahead: Getting your insurance company, or the federal government, to give you the money you’re entitled to receive. That process can be infuriating and baffling, and it comes…
October 3, 2024 Homeowners face threats to their property even after Hurricane Helene — how this disaster could cause insurance crisis for millions “It’s a huge mess for everyone.” Even after it has subsided, Hurricane Helene continues to devastate homeowners throughout the Southeastern U.S. Beyond the billions of dollars in property damage and economic output, the record-breaking storm has further destabilized the insurance market. What’s happening? As The…
October 3, 2024 Hurricane Helene brought major damage, spotlighting lack of flood insurance Kayla Ward was drinking coffee on her porch Friday afternoon when she noticed water from the nearby Nolichucky River rising fast. After nearly a year in the house in the Appalachian Mountains, Ward never thought to worry about flooding. But she and her husband had…
October 2, 2024 Tips for Consumers to Get Fair Insurance Treatment After Hurricane Helene Insurance Regulators Must Make Sure Consumers Are Fairly Treated, Claims Are Paid Promptly and In Full Washington, D.C. — Today the Consumer Federation of America (CFA) and United Policyholders shared resources and tips to help consumers get their wind and flood insurance claims paid quickly,…
October 2, 2024 Think flood insurance is pricey now? Premium hikes were coming long before Hurricane Helene. Homeowners insurance typically does not cover flood damage – though too many people discover that after the fact, consumer advocates say Hurricane Helene inundated parts of Florida, Georgia, Tennessee and the Carolinas, and now the estimated billions of dollars in damage are bringing Americans’ receding…
October 1, 2024 Homeowner says she needs new roof, insurer says no, just one shingle It started with Tropical Storm Debby back in August and more homeowners could find themselves in a similar situation after Helene. “My husband went through the house and came back and looked at me and said, ‘We got problems,’” Mary Barnes said. She says her…
October 1, 2024 New insurance insights from second series forum hosted by Center for California Real Estate LONG BEACH, Calif., Oct. 1, 2024 /PRNewswire/ — The California Dept. of Insurance and other industry leaders gathered last week to continue statewide conversations around insurance challenges at the forum, “Securing California’s Insurance Market: The Path Forward,” hosted by the Center for California Real Estate.…
October 1, 2024 State Farm forecasts decline in California policies over the next five years The drop is expected to be around 1 million Insurer State Farm has stated that it was expecting to see the number of policies that it issues in California decline by 2 million by the year 2028, following the financial issues it was encountering, as…
October 1, 2024 Hurricane Helene brings more losses to struggling insurance market, but no major turmoil expected Hurricane Helene caused the type of widespread destruction that has roiled the U.S. insurance market in recent years, pushing premiums for property insurance in the most vulnerable states, including Louisiana… Read more
