Live Insurance News

Allstate Bonus Plans in the Spotlight Over Storm Claim Rejections

March 20, 2025March 19, 2025 Tate Ellison

Court Orders Transparency in Storm Claim Denials A federal court has handed down a milestone decision requiring Allstate Insurance to disclose key internal documents related to its handling of storm damage claims. The ruling, tied to a lawsuit filed in Louisiana, sheds light on the often opaque processes surrounding insurance claims. The plaintiff, Reed Chenevert, accused Allstate of arbitrarily denying his roof damage claim after a storm, citing bad faith and breach of contract. Central to the dispute is whether Allstate’s internal policies, including incentive plans for adjusters and managers,…

Helene & Milton vs. FEMA’s Wallet – How Two Hurricanes Changed the Flood Insurance Game

February 28, 2025February 27, 2025 H. Cutner

Flood Insurance - Hurricane Helene and Milton

FEMA Borrows $2 Billion to Cover Flood Claims After Hurricanes Helene and Milton According to an article in the Florida Weekly, the Federal Emergency Management Agency (FEMA) is borrowing $2 billion to cover National Flood Insurance Program (NFIP) claims after back-to-back devastation from Hurricanes Helene and Milton in Florida’s Gulf Coast last year. The sheer scale of damage and the tens of thousands of claims made have underscored the challenges of funding flood insurance in a time of increasingly severe weather. Storms Bring Catastrophic Flooding and Widespread Damage Hurricane Helene…

Allstate Raising Rates – Why Illinois Homeowners Are Feeling the Heat

January 27, 2025January 26, 2025 Logan B.

The Ripple Effects of Disasters Across State Lines When you think of California wildfires, Illinois might not be the first place that comes to mind. But for Illinois homeowners, the aftermath of these extreme weather events is becoming all too real. Insurance rates in the state are set for another round of increases, with companies like Allstate hiking premiums by 14.3%. And although Illinois hasn’t faced catastrophic fires or hurricanes, the impact of climate change is blurring geographical boundaries, causing ripple effects that stretch far beyond disaster zones. According to…

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…

Are Outdoor Patios And Paving Properly Covered By Home Insurance Policies?

May 30, 2023 Guest Author

A home insurance policy helps cover the contents of a building as needed, but does this extend to the outdoors as well? What happens to your patio or paving in case of damage? The short answer is that most home insurance policies do indeed cover both of these features in case of damage and will pay to have them replaced. Your patio is usually covered under the buildings section of your home insurance policy. This section is also responsible for shed, paving, gates, and boundary wall coverage as well. In…

Hurricane flood insurance coverage not carried by many Matthew victims

October 17, 2016October 14, 2016 Logan B.

Many of the homeowners who experienced damage from flooding don’t have the necessary coverage. Many victims of Hurricane Matthew who have never had a drop of water in their homes before are finding themselves underwater without hurricane flood insurance. Communities well inland and far from flood plains were rescued by firefighters in boats. Though the concern had been seawater driven ashore, it was rain and runoff that caused considerable flooding. Drainage ditches were overwhelmed, sending rising waters into the homes of people without hurricane flood insurance. For many of them,…

Most common and costly homeowners insurance claims

April 15, 2016April 16, 2016 Julie Campbell

A recent analysis conducted by The Travelers Companies has revealed some significant trends. According to the results of a homeowners insurance claims data analysis conducted by The Travelers Companies Inc., weather incidents were the cause behind more than half of all the filings that were made by policyholders. Among the events that were most commonly at fault were wind, frozen bursting pipes and leaky roofs. Despite the fact that the most common homeowners insurance claims were those caused by weather damage, it was the fire damage claims that were the…