Live Insurance News

The 2015 hurricane season predictions are good insurance news

May 1, 2015April 29, 2015 Julie Campbell

insurance news - atlantic hurricane season

If the recent forecasts are correct about this year, it could mean that damage and claims will be low. A set of insurance news forecasts have now been released with regards to the 2015 Atlantic basin hurricane season and it looks as though this year could be offering another one that is on the quiet side. Researchers at Colorado State were among those that released their 2015 hurricane season forecast. The predictions from Colorado State have been made since 1984 and are those that are frequently consulted when seeking a…

Homeowners insurance advice issued in Georgia following powerful storms

October 20, 2014October 19, 2014 Logan B.

Insurance Commissioner Hudgens provides some advice to homeowners in the state Georgia is no stranger to natural disasters, but many of its residents may not know how to handle their insurance companies in the wake of a severe storm. Several powerful storms have tore through the state in recent weeks, highlighting a lack of awareness concerning certain insurance issues. The state’s Insurance Commissioner, Ralph Hudgens, has provided some recommendations for those that have had their properties damaged by recent storms. Getting in contact with an insurance agent and documenting damage…

Oregon Insurance Division urges consumers to be cautious during the winter

February 14, 2014February 12, 2014 S.Vagus

homeowners insurance information institute winter snow ice

Winter storms take their toll on Oregon Winter storms have been causing problems for homeowners and drivers recently. The U.S. has fallen victim to what is being called a “polar vortex.” This natural phenomenon has lead to freezing temperatures throughout the U.S. and significant snowfall in many parts of the country. States that do not typically see heavy snowfall, such as Georgia, have suffered from the impact of the polar vortex has snowfall causes damage to properties and creates dangerous driving conditions. In Oregon, state officials are issuing warnings when…

The Deep Freeze And Your Insurance Coverage

January 26, 2014January 25, 2014 Guest Author

Wintry weather can wreak havoc on property. Fallen power lines and tree limbs along with burst water pipes are just a few of the problems home-and-business owners face. When a winter storm hits the last thing anyone wants to do is worry about whether any damage is covered by insurance. The good news is that many times insurance does cover damage caused by storms. Damage caused to homes by ice and falling limbs is covered by homeowner’s policy, according to an article by CBC News. That’s great news for those…

Insurance industry is seeing heightened East Asian typhoon activity

November 14, 2013November 12, 2013 Julie Campbell

2017 atlantic hurricane season Insurance industry

Munich Re has warned that this part of the world is experiencing a growing number of violent storms. The insurance industry is recognizing a changing weather trend in East Asia, where the number of typhoons and other highly destructive, violent storms are becoming an increasingly common occurrence. The insured losses over the last thirty years in that region have passed the $6 billion mark. These costs to the insurance industry have come primarily from floods and typhoons. However, over recent years, it has become clear that this is likely to…

Insurance industry to study U.S. and Canada’s “new normal”

August 19, 2013August 17, 2013 Julie Campbell

Insurance Industry Hail, tornado, wind research

New research has now been funded to help to quantify the risk associated with hail, tornadoes and wind. Verisk Analytics company, Atmospheric Environmental Research (AER), has announced that it has received funding from the insurance industry and financial sector companies for a new emerging risk program being run by its scientists, called Climate Change: Tornado and Hail, in order to help to quantify any shifts that have occurred in the severe thunderstorm hazard patterns in Canada and the United States. It is believed that the result will be a “new…

Insurance industry in Canada hurting from extreme weather

August 8, 2013August 5, 2013 Julie Campbell

The large number of severe storms have been taking their toll on insurers across the country. A growing number of signs of uncertainty have been popping up in the insurance industry in Canada following the storms that have been striking various areas causing flooding, hail, winds, and other damaging weather events. This was topped off when one of the major banks in the country came out with one of its own early warning signs. Only weeks after the province of Alberta was struck with historic flooding, during which time the…