Property & Hurricane Claims

The Louisiana senate move forward with changes for Citizens insurance that will hopefully help home and property owners with their coverage and recovery in the event of a hurricane or natural disaster. NOLA.com reports: The state-run insurer of last resort should have new guidelines to set rates and possibly slow the increase in premiums to

While stories have been popping up progressively in the wake of Hurricanes Katrina, Gustav and Ike, one interesting development has been the efforts by lawmakers and citizens for preparedness should an unpredictable catastrophe befall their hometown. States along the Eastern Seaboard have been taking action instituting insurance measures and local disaster drills should an unexpected

In a move set to memorialize and preserve the memory of the carnage and harm recent hurricanes have caused, the NOAA is retiring several notable storm names from active use in the upcoming hurricane season. The names Gustav, Ike and Paloma will never be associated with future hurricanes or tropical storms on account of their

Submitted by a reader (and we love our readers!), a new website is available to see just what popular attractions and sites on the island of Galveston are open! Check out Galveston Now Open! to see just what sites you can visit that have recovered from Hurricane Ike. Much like the determination and rigor that

While a tropical storm can pop at any point that the water and air temperatures are “right,” June 1st is commonly considered to be the beginning of “Hurricane Season.” Things to consider now, or at least before June 1st, are your preparedness for a large tropical storm or hurricane, the storage of important documentation relating

On Sunday, the Nashua Telegraph featured in their Living section a nice write-up about the recovery effort going on for the residents of Galveston. While there is still a lot of work to be done, it appears that the heart and desire is there for locals to completely rebuild the area after the devastation left

In the wake of insurance companies backing out of agreements intended to help policy holders rebuild their homes and move on with their lives, SE Texas residents are beginning to feel the need to turn to the legal system to receive the money they are owed. KBMT news did a feature on an impending ‘explosion’

In looking to decrease its exposure, the Florida legislature has moved forward on legislation that will raise premiums on owners of state-backed Citizens Property Insurance policies. The Miami Herald reports: Lawmakers approved the proposal (HB 1495) Thursday that would increase rates on a gradual basis for customers of the state-backed Citizens Property Insurance Corp. The

A Maryland based group recently studied the effects of a hurricane hitting the Northeast and found the results would be economically devastating. Using only a category 3 hurricane in their analysis (Gustav and Katrina were both 4’s), the group found that such a storm could cause upwards of $130 billion in insured residential losses. There’s

Texas’ state-run wind damage insurance program has fallen into financial crisis as a result of settlements and payouts in the face of recent hurricanes. Insurance reform has been pushed to the top of Governor Perry’s priority list in the new legislative session but things are not looking good for the program: An arduous task is