Property & Hurricane Claims

In an article for the Star Telegram and the AP, more information is given on the increased HUD assistance coming through for Texas… to the tune of over a billion dollars: The federal government is releasing $1.3 billion in federal housing assistance to 62 Texas counties help rebuild from the damage caused by three hurricanes

Per the Insurance Journal: Gulfport, Mississippi Mayor Brent Warr, who is under indictment on several counts of fraud, will not run for re-election. Warr made the announcement this week in a videotaped message released by his office. Warr and his wife, Laura, are accused of defrauding the government and an insurance company over losses they

In yesterday’s Times-Picayune, reporter Rebecca Mowbray details a string of rulings by the Louisiana courts in favors of residents against the insurers. After siding with insurance companies in early rulings after Hurricane Katrina, the 5th U.S. Circuit Court of Appeal has suddenly cranked out a stream of policyholder-friendly rulings in hurricane cases. In recent weeks,

In the face of inclement weather, be it a tornado, hurricane, tropical storm, etc., it is important to be fully prepared and ready, as well as up-to-date with breaking news and forecasts. That is why an all-hazards alert radio is a great idea for families to keep in their basements in the event of bad

Courtesy of the Insurance Information Institute Hurricane Insurance Fact Sheet Insurance companies have paid an estimated $40.6 billion on 1.7 million claims for damage to homes, businesses and vehicles in six states from Hurricane Katrina, the largest loss in the history of insurance. By contrast, Hurricane Andrew resulted in $15.5 billion in losses in 1992

As if waiting for insurance checks wasn’t enough, residents in Galveston are now being held up by their mortgage lenders. In an article by the Galveston County Daily News, the plight of some homeowners is detailed as mortgage companies try to protect themselves and their investment and residents remain financially trapped. But almost five months

Per WBRZ news, “Louisiana homeowners and businesses will see property insurance rates rise more this year than they have since 2006.” Business writer Ted Griggs cites the economic downfall facing the nation as the predominant reason for the increase, which could be anywhere from 3 to 10%. [Insurance Commissioner Jim] Donelon said that with less

The Times Picayune reported yesterday Louisiana has the third-highest homeowners insurance premiums in the nation, according to the first assessment of prices after Hurricane Katrina by the National Association of Insurance Commissioners. The cost appears to be a Gulf Coast epidemic as Texas claims the number one spot, followed closely by Florida: The most expensive

FEMA is now looking into cronyism in Louisiana in the wake of federal funding provided for the recovery effort post-Katrina. WASHINGTON (AP) — The Federal Emergency Management Agency is investigating allegations of cronyism and other misconduct at the New Orleans office overseeing efforts to rebuild the hurricane-battered Gulf Coast, officials said Wednesday. The agency, which

In a surprisingly candid and clear report on FEMA and its efforts post-Katrina, CBS News released a story on the 25th detailing what Slidell mayor Ben Morris calls “an indescribable nightmare that most people would not believe.” An EXCERPT: CBS News has learned that since January 1, nearly 80 employment-related complaints have been filed by