According to a report released this week, insurance policy holders in Florida and Louisiana, among other states, are paying some of the highest rates for homeowners policies that are vastly overrated. While states like Utah and Idaho have residents who are receiving a great value for their policies, this illustrates…
Today, according to the Atlantic Oceanographic and Meteorological Laboratory, marks the beginning of hurricane season. The Atlantic hurricane season is officially from 1 June to 30 November. There is nothing magical in these dates, and hurricanes have occurred outside of these six months, but these dates were selected to encompass…
The Louisiana senate move forward with changes for Citizens insurance that will hopefully help home and property owners with their coverage and recovery in the event of a hurricane or natural disaster. NOLA.com reports: The state-run insurer of last resort should have new guidelines to set rates and possibly slow…
While stories have been popping up progressively in the wake of Hurricanes Katrina, Gustav and Ike, one interesting development has been the efforts by lawmakers and citizens for preparedness should an unpredictable catastrophe befall their hometown. States along the Eastern Seaboard have been taking action instituting insurance measures and local…
While a tropical storm can pop at any point that the water and air temperatures are “right,” June 1st is commonly considered to be the beginning of “Hurricane Season.” Things to consider now, or at least before June 1st, are your preparedness for a large tropical storm or hurricane, the…
A recent New York Times article helps highlight just how far behind insurance companies are to innovations of modernity and innovation. Highlighting the cases of several cancer patients who were forced to go out-of-pocket to receive convenient oral treatments rather than in-house intravenous, etc., care, the NYT highlights how insurance…
Per The New York Times, “After the 9/11 terror attacks, thousands of people faced a weighty and uncomfortable decision. Congress had created a special fund to compensate survivors and victims’ families, but said that those who received compensation from it could not sue airlines or airport security firms, among other…
In a committee meeting relating to the insurance industry, witnesses recently laid before the Senate statistics and numbers that would imply an insurance agency, UnitedHealth Group, went to so far as to defraud through underpayment one in three of their clients: CQ Healthbeat (3/27) reports, “UnitedHealth Group officials are in…
The San Francisco Gate features an article that helpfully and articulately describes the difference between property and disaster insurance. Embedded within the article are links to other articles that help outline the grey area that can often exist on the issue. While this blog has tried to explain this in…
The Times Picayune reported yesterday Louisiana has the third-highest homeowners insurance premiums in the nation, according to the first assessment of prices after Hurricane Katrina by the National Association of Insurance Commissioners. The cost appears to be a Gulf Coast epidemic as Texas claims the number one spot, followed closely…