Eric Sandoval of Española on May 13 walks by his great-uncle's property that was destroyed when the Calf Canyon/ Hermits Peak Fire burned through Tierra Monte, north of Las Vegas, N.M.. Outside of the Glorieta Adventure Camp dining hall, 56- year-old Lisa Blackburde was having an emotion-filled conversation with a couple of other evacuees.
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Ten days after Hurricane Ida, Brooke Henderson found herself weeping at her backyard burn pit in Chester County, watching most of her first hemp crop billow up in white smoke like a big bong.
DENVER— A 90- year-old Denver woman is stuck in a damaged condo as her homeowner's association and insurance company point the blame at each other for a pipe burst in her building hallway. Sadie Licata has been living in her condo at the Windsor Gardens for nearly 20 years now. Licata's son Joe has been fighting to get his mother's home fixed, pleading back and forth…
The Allstate Corporation today reported financial results for the first quarter of 2022.. “Allstate is addressing inflation by raising prices, reducing expenses and changing investment allocations,” said Tom Wilson, Chair, President and CEO of The Allstate Corporation.“ Premiums earned were $11.0 billion in the quarter, an increase of 6.5% over the prior year…
A national insurance industry research analysis firm is calling for the global reinsurance industry to shock Florida lawmakers into enacting meaningful property insurance reform. But the strategy the firm proposes would not only shock lawmakers, it would interrupt coverage for untold numbers of Florida homeowners and transfer billions of dollars of…
From the perspective of more than two dozen owners displaced from the structurally compromised condominiums on West Avenue, Travelers Insurance has only added to their plight. The lawsuit, filed April 18 in Waukesha County Circuit Court, alleges that Connecticut- based Travelers breached its contract and offered insurance in bad faith, leaving residents to…
STEVENS POINT, Wis., May 3, 2022/ PRNewswire/– Sentry Insurance has announced that later this year it will begin offering commercial insurance products to golf courses. Founded in 1904, Sentry is one of the largest and most financially secure mutual insurance groups in the United States. This is the third United States Golf Association championship to be played…
Elevated reinsurance costs, coupled with higher loss and litigation costs, have challenged Florida property insurers’ surplus levels and hindered balance sheet strength, leading many to rethink risk appetites, according to a new AM Best commentary. Insurance industry leaders in Florida have been warning that the current environment for those still…
If you're a homeowner in Florida, chances are that your property insurance rates are increasing at an unprecedented pace. With insurers raising rates by as much as 111%, declining coverage or going insolvent, homeowners are feeling the brunt of a weakened insurance market. With no substantive new insurance legislation passed this year and the market in…
Her customers in Paradise say that Cohen talked them into giving her Cubic Quarters homebuilding business the bulk of their insurance payouts after she promised to supply them with fire-resistant homes, prefabricated in China, that would arrive at their properties in shipping containers. Cohen's too-good-to-be true sales pitch sounded familiar to three…
As U.S. drivers face a raft of auto insurance premium hikes from several of the nation’s largest insurers, company CEOs…
The coming hurricane season's windstorm insurance premium will rise by almost 30%, more than $400, over the year before. Instead, this is typical of something happening all over Florida this year. Gulfstream's collapse: Sarasota property insurer's liquidation leaves customers scrambling.
TAMPA, Fla.— Florida lawmakers will head back to the capitol next month to address the state's property insurance crisis, and insurance experts say one proposal could immediately save homeowners, on average, $150 per year. Man behind most Florida insurance company ratings paints grim picture if crisis isn't addressed. Sen. Brandes wants to change the Florida…
La Crosse is among the communities up and down the Mississippi River eager for federal funding to help address chronic flooding. In a report from the Associated Press published Monday, a flood planning consultant for the city of La Crosse talked about what the incoming funding from President Biden's $1.2 trillion infrastructure package might mean for the…
WASHINGTON, April 19– Public Citizen issued the following news release on April 18, 2022:. Insurers have spent $1.5 million making campaign contributions to secure the committee's support, including $231,000 to Committee Chair Tom Daly alone, in just the last 4 years. News of the committee refusing to hear the bill comes as the California Department of…
NY First, a coalition of auto insurance carriers and independent agents and brokers, today launched a campaign to reduce obstacles…
Apr. 16— As Hurricane Ida hurtled toward south Louisiana, Paulette Tybussek, a resident of Jefferson Parish, weighed her options: "Do you put your life at risk and stay? But, as she later learned, her insurer, State Farm, wouldn't cover those evacuation expenses, only because officials called for a voluntary evacuation— not mandatory. Laurie Schlegel, a Metairie…
The U.S. Attorney for the Southern District of Indiana, Zachary A. Myers, issued the following news release on April 15, 2022:. Maria Caceres, 56, of Coral Springs, Florida and formerly of Hamilton County, Indiana, was sentenced late yesterday to 30 months in federal prison following her conviction of wire fraud, to which she had previously plead guilty.
The homeowners’ insurance market in Florida has been broken for so long it’ s hard to remember when it wasn’ t. Now we have another round of companies going under, another set of lawmakers declaring it a crisis and premiums for consumers soaring once again. Jeff Brandes, a St. Petersburg Republican, that you help consumers by helping companies stay in the Florida…
Apr. 12— More than a dozen insurance companies— which covered more than 40 Malden and Pine City residents, at least four business entities and the town of Malden itself— are suing Avista Utilities in an attempt to recover insurance payouts from a wildfire that destroyed much of the towns in 2020.. The lawsuit was filed March 31 in Spokane County Superior Court, just a…
