Live Insurance News

Is your flood insurance ready for Atlantic Hurricane Season’s start tomorrow?

May 31, 2024May 30, 2024 John Bowers

The official beginning is June 1 and experts are predicting that it will be an active one With the start of Atlantic Hurricane Season tomorrow, preparedness experts are reminding consumers who have waited until the last minute about the importance of flood insurance. FEMA is among those urging property owners to buy coverage Hurricanes can cause damage from many different issues, ranging from high winds to flooding, but the latter requires additional flood insurance coverage as rising overland waters are not typically covered by a standard home policy. Many people…

Is Your Roof Covered By Your Home Insurance?

July 26, 2023 Guest Author

Your roof is one of the most important parts of your home. It protects you from the elements and keeps your home safe and dry. But what happens if your roof is damaged? Is it covered by your home insurance? The answer to this question depends on a number of factors, including the type of damage, the cause of the damage, and your insurance policy. However, in general, your roof is covered by your home insurance. Home insurance policies typically cover damage to the structure of your home, including…

How Climate Impacts Your Property Insurance Costs

July 24, 2019 Guest Author

climate change and property insurance costs

There are plenty of factors that can impact your property insurance costs, from your location and the size of the home to the contents, but one thing that homeowners may not be prepared for is how climate is now affecting their premiums. A recent report released shows Canada is warming up at twice the rate of the rest of the world; this has left insurance providers feeling uneasy. That uneasiness is most likely going to translate to a rise in premium rates. So how exactly does climate impact your property…

Thousands without Louisiana flood insurance risk financial devastation

August 18, 2016August 17, 2016 Julie Campbell

Uninsured residents may face overwhelming losses as a result of the rising floodwaters in the state. Thousands of people who don’t have Louisiana flood insurance are now risking considerable financial losses. While they aren’t without any assistance, the lack of coverage will mean significant out of pocket expenses. Many of the people whose houses are underwater have never had the slightest problem with flooding before. FEMA and other organizations will be prepared to provide a certain amount of assistance to the uninsured. These organizations are designed to help people such…

A Cluster of Winter Storms Slams the UK over the Holidays: AIR Worldwide

December 28, 2013 Guest Author

BOSTON, Dec. 28, 2013 — According to catastrophe modeling firm AIR Worldwide, over the last several days, a series of three winter storms (named Christian, Dirk, and Erich) cut power to hundreds of thousands of homes across the UK and France and flooded an estimated 1,200 homes across the UK. As of Friday afternoon local time, an estimated 13,000 homes were still without power. Trains, ferries, and aircraft have experienced significant delays and cancellations. Extratropical cyclones, also known as winter storms, form when a warm, tropical air mass interacts with…

One of the Most Powerful Typhoons Ever Recorded Strikes Philippines

November 9, 2013 PR Article

According to catastrophe modeling firm AIR Worldwide, Super Typhoon Haiyan, one of the most powerful tropical cyclones since modern record-keeping began, made landfall at 5:00 a.m. local time on November 8, 2013 (21:00 UTC on November 7) near Guiuan, on the Philippine island of Samar. At that time, the Japan Meteorological Agency (JMA) estimated a minimum central pressure of 895 millibars and maximum 10-minute sustained wind speeds of 266 km/h (165 mph). The Joint Typhoon Warning Center estimated maximum sustained wind speeds of 305 km/h (190 mph). According to AIR, since…

Typhoon Wipha Causes Flooding and Mudslides in Izu Oshima before Dissipating: AIR

October 16, 2013 PR Article

BOSTON, Oct. 16, 2013 – According to catastrophe modeling firm AIR Worldwide, although Typhoon Wipha did not make landfall on Japan’s main island of Honshu today,as had been expected, the storm brought soaking rain and gusty winds to much of both Honshu and Hokkaido, including the Tokyo region, which experienced a total of 150-300 mm (6-12 inches) of rain. Tokyo International Airport reported some of the highest sustained wind speeds in Japan from this storm: 79 km/h (49 mph) 10-min sustained and a 116 km/h (72 mph) gust. However, Tokyo…