by: Christine Zafra Attorney Robert Cintron has filed five federal complaints against the different flood insurance companies. One latest settlement allowed the Commissioner of Key West City Mr. Clayton Lopez to start moving back into his residence after living for more than two years in a provisional trailer van. The hurricane Wilma way back in [...]
by: Christine Zafra Marsh & McLennan, an insurance company from New York, reported a loss of $210 million in the first quarter of their operations, as the insurance security industry experienced a deep plummet in value. The said company lost about 40 cents per share in their January to March period. It is vital to [...]
by: Christine Zafra The world is not getting any younger. Experts say that our home existed about 4.55 billion years ago and considering how many things can happen within a century, that’s pretty long a timeline. The earth moves, and that is the main cause of earthquakes. Earthquakes are generally triggered by the movement of [...]
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 insurer, extending [...]
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 [...]
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 [...]
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 today’s tough business [...]
The House Jobs and Entrepreneurship Council together with the Senate Banking and Insurance Committee approved a bill that would give insurers the ability to offer businesses a new type of property insurance exempted from most state rate regulations and fees. A thumbs up was also given by the House Committee to bills that would be [...]
by: Christine Zafra Sometimes, for a company to be “healthy”, it needs to sell some assets and stocks to private individuals to raise some capital and improve shareholder percentage. With this, the company can encourage more investors to put money into their company. But some companies do this because their finances are dwindling. It was [...]
According to a study conducted in the U.S., insurance clients from Florida are paying a much higher premiums for their home insurance than what is needed and the leading cause of this is the state’s burdensome rules. Because of this, the state got an “F” grade in terms of its insurance climate. An official comments [...]