Florida appeals court rules public insurance adjuster ban illegal
A Florida appeals court ruled Dec. 29 that public insurance adjusters’ commercial free speech rights are violated if they are prohibited from soliciting people until 48 hours after an event that could...
View Article‘Cloud’ computing brightens IT skies for insurance agency owners
Correction: Cloud computer spending worldwide will reach $42 billion, not $4.2 billion, in 2013, according to IDC research. Updated 10:43 a.m. ET, Feb. 23, 2011.The insurance industry is expected to...
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Japan’s earthquake, tsunami will spawn higher U.S. insurance rates
The earthquake in Japan, where estimated losses would make it the worst disaster in history, will affect insurance rates in the U.S., according to industry experts.Japan tsunami wave chart, with red...
View ArticleLawyer allegedly improperly helped public adjuster file Katrina cases
A lawyer in Louisiana is facing disciplinary action for allegedly improperly notarizing four insurance court cases involving Hurricane Katrina claims to apparently ensure they were filed in time.The...
View ArticleInsurers to pay $8 million in first Chinese drywall settlement
Residents of homes with faulty drywall reached an $8 million settlement with a New Orleans company that distributed the Chinese drywall to homes in the Gulf region for rebuilding after hurricane...
View ArticleFla. business sues international supplier over faulty drywall
A Florida supply company sued an international conglomerate for allegedly lying about defective Chinese drywall used to rebuild after hurricane disasters, which forced the company to pay about $55...
View ArticleHurricane Irene wrath is rising insurance losses; this year tops 2010
Hurricane Irene’s weekend march up the Atlantic Coast caused at least 20 deaths, left millions without power and left a path of destruction from Florida to Maine.Officials with insurance companies are...
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National Flood Insurance Program extension to 2017 ‘watershed moment’
Congress approved a five-year extension to the National Flood Insurance Program, ending four years of short-term extensions that fueled uncertainty and several lapses in coverage.Courtesy: George...
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Mid-Atlantic states not immune to hurricane, tropical storm damages
The heavy rains associated with hurricanes and tropical storms like the one heading toward the Gulf Coast often cause heavy flooding, which can extend into the mid-Atlantic region.Courtesy:...
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Hurricane Isaac’s losses to put dents in primary insurers’ wallets
Anticipated losses from the damage caused by Hurricane Isaac’s wrath is expected to be largely borne by primary insurers, according to Fitch Ratings.Courtesy: George Armstrong/FEMAMost losses will be...
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Building code updates vary along Gulf, Atlantic with hurricanes
Changes abound for many hurricane-prone states’ residential building codes, according to the midterm update of the Insurance Institute for Business & Home Safety’s “Rating the States Report.” The...
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‘Bad adjusting work’ means reopened Hurricane Katrina cases
Faulty insurance claims adjusting work is being linked to the increased number of reopened insurance cases involving Hurricane Katrina in 2005. Policyholders are using the appraisal clause in their...
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Has insurance industry learned lessons from Hurricane Katrina?
View the latest news on this topic. The trade and mainstream press will soon be filled with articles commenting on the five-year anniversary of Hurricane Katrina—the largest insurance event in history...
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Louisiana’s insurer of last resort settles Hurricane Katrina suit
Louisiana Citizens Property Insurance Corp. plans to pay $23 million to settle a civil suit where thousands of people say they were not properly compensated for hurricane losses after Hurricanes...
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Head of post-Katrina airport rebuilding project faces insurance charges
The man who led the New Orleans airport’s reconstruction after Hurricane Katrina now faces federal charges that he filed a false insurance claim on his vehicle. Sean Hunter, who was airport director at...
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Florida appeals court rules public insurance adjuster ban illegal
A Florida appeals court ruled Dec. 29 that public insurance adjusters’ commercial free speech rights are violated if they are prohibited from soliciting people until 48 hours after an event that could...
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