Projections in a report issued by the University of South Carolina estimate insured losses due to Hurricane Michael could reach as high as $11 billion. When Hurricane Willa was heading towards Mexico, many homeowners in the U.S. started inquiring about flood insurance. With the continued...
Unless you happen to live on the West Coast and more specifically California, earthquake insurance is probably the furthest thing from your mind. While it wouldn’t surprise you that someone in Indiana would never buy earthquake insurance, it might shock to know that records indicate...
Hurricane Michael swept in and left a massive path of devastation in its wake. It also created another problem far beyond the destruction and loss of life. The one program put in place by the government to protect those suffering loss due to flooding was...
Recently Verisk announced the release of WaterLine™, a new underwriting tool that can be used to see the flood scores for every property in the continental U.S. Scores run from 0-100 on the relative scale and at the same time displays information regarding why the...
When you think about earthquakes, the first thing that typically comes to mind is California. What you may not know, is that earthquakes are only one of several natural disasters that most standard homeowner’s insurance policies do not cover. To make matters worse, most people...
Wildfires are rapidly becoming one of the costliest natural disasters homeowners across the United States. As each year goes by, it seems as though wildfire season starts earlier and ends later. Reports from 2017 assembled by the National Interagency Fire Center show that there was...
Is your client in the business of providing some form of professional advice or services to individuals or businesses? Could the services they offer, including counseling, cause the person or firm to lose money or something else for which they could be held responsible? ...
It is not unusual for a property owner to find themselves sitting on a vacant property for a variety of reasons. Whether you have a property up for sale, a rental that is currently awaiting a new tenant, or you have a winter or vacation...
Under a new ruling by FEMA, changes are being made to provisions that did not allow private insurers who offer National Flood Insurance Policies to provide their own products and at the same time stopped buyers from being able to cancel their NFIP policies if...
According to the Nation Weather Service, approximately 75 percent of all declared disasters are related to floods. The risk of flooding continues to rise as more development occurs in flood zones and as a result of the changing climate. The NFIP was given an extension...