Property Insurance Daily

by: Christine Zafra

The United States Senate is actually planning on changing and reforming their National Flood Insurance program for it to suit the needs of the people better. The said flood insurance program is already 40 years old and so the United States constituents and policy holders fear that there are some catastrophes that should [...]

Insurance Companies in Canada are very worried. The drastic changes in climate is letting them review their coverage policies as risks from floods and other natural disaster continue to increase. Climate change has tremendous and widespread effects that costs millions of dollars worth of damages. It has been one of the greatest [...]

According to a House representative, Citizens, a state-run insurance company, covers 21% of Florida property insurance policies. Nearly 50% of the United States’ total wind risk is in Florida and about 80% is exposed to unwanted danger in coastal areas. The company held a conference saying that it is about knowing how vulnerable [...]

Because of budget crisis occurring simultaneously among several countries, the crisis on insurance was no longer the main issue. Yet despite of that, coverages are still unaffordable and often aren’t available in many areas. But what’s more worrying is a Senate Bill that encourages the development of Citizens Property Insurance Corp., a state-run [...]

by: Christine Zafra

News have been spread that U.S. is presently undergoing some economic problems. But these said economic problems will not have a strong impact on property/casualty insurers, this is what Dr. Robert P. Hartwig, president of the Insurance Information Insitute (I.I.I.) had predicted. As of now, property insurance companies are in good track compared [...]

by: Christine Zafra

Flood is a natural phenomenon and does not spare any country from experiencing it. Those countries that haven’t experience flood itself are pretty lucky (or should I say they’re missing half of their life?).
The First American Spatial Solutions have designed a flood model named U.S. Flood Catastrophe Model to further their studies on [...]

Between 2004 and 2005, a total of eight hurricanes passed Florida and left a trail of destruction in its wake. Because of this, the state government seriously considered property insurance. Gov. Charlie Crist allowed Citizens Property Insurance Corp to freeze its rates at its 2005 levels. This caused rates to plunge at [...]

A massive positive shift dropped policy coverage costs with wind coverage as much as 25 to 50 percent since December of this year. This reduction is based on the construction of the businesses. This is thrilling news for business owners in New Orleans. They are constantly being pressed on all sides in [...]