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 [...]
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 [...]
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 a surprise [...]
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 [...]
American International Group Inc. or AIG is a world leader in insurance and financial services with operations distributed in more than 130 countries and jurisdictions. AIG companies serve customers through extensive property-casualty and life insurance networks. Also, they are leading providers of retirement services, financial services and asset management around the world. [...]
by: Christine Zafra
The ocean is the largest body of water—and the Pacific Ocean is the largest among all the oceans laid on earth’s surface. It also differs from the rest of the oceans since its current is stronger compared to the rest (there is little mass surrounding the Pacific Ocean, the wind has a wider [...]
by: Christine Zafra
Due to the heat and the tremendously high temperatures, the risk of wildfire is actually prevalent in the state of Colorado, hitting some of the districts and the areas within the state.
Since this is the case, Allstate, a local insurance company, visited some of the homes of their policy holders to make sure [...]
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