COVID-19 An ‘Uninsurable’ Event, P&C Trade Exec Says

As the COVID-19 pandemic continues to dramatically alter driving habits and create financial uncertainty for individuals and families across the country, American Family Insurance will return approximately $200 million to its auto insurance customers. Telisa Yancy Chief Operating Officer American Family Insurance. The premium relief will come in the…

“We anticipate that the 2020 Atlantic basin hurricane season will have above-normal activity,” the forecast said. Meteorologist Phil Klotzbach and other experts from Colorado State University– among the nation's top seasonal hurricane forecasters– predict 16 named tropical storms will form, eight of which will become hurricanes. The Atlantic hurricane…

Rogers County Emergency Management Director Scotty Stokes offered recommendations for how families can get prepared, stay informed, take shelter and stay safe as tornadoes roll through. “With the saturated soil that we have right now, the rivers and creeks are already full, the lake is already full, they are releasing water from Oologah Lake to try to maintain…

New York, April 1, 2020 – Marsh, the world’s leading insurance broker and risk adviser, today announced that Marsh &…

For many people in Jonesboro, Arkansas, a small city 70 miles northwest of Memphis, the results of a tornado that touched ground across five miles of town Saturday seem like a miracle. And though 22 people were hurt, Jonesboro Police Chief Rick Elliott described each of their injuries as “non-life-threatening.” But she eventually tracked her agent down through…

The U.S. Department of Agriculture's Risk Management Agency has issued the following news release:. USDA's Risk Management Agency is authorizing additional flexibilities due to coronavirus while continuing to support producers, working through Approved Insurance Providers to deliver services, including processing policies, claims and agreements.

The U.S. Department of Commerce's National Institute of Standards and Technology issued the following news:. A new online tool from the National Institute of Standards and Technology could streamline this process and help decision makers invest in cost-effective measures to improve their community's ability to mitigate, adapt to and recover from…

Mar. 24– When Bryan Bush heard his five video poker truck stops were being shut down as part of an effort by the state to control the spread of the coronavirus, he reached out to his insurance agent to see about making a claim on his business interruption insurance policy. “My income just stopped,” said Bush, who owns truck stops in Port Allen, Donaldsonville, St….

Mar. 24– Realtor Stacey Middleton went out last week “masked and gloved” to look at a house in West Philadelphia with a client. “People who are home and would like to buy because of the low rates, we've actually seen an uptick,” said Middleton, a sales associate with Berkshire Hathaway HomeServices and Fox& Roach Realtors based in Newtown Square, Delaware County.

California is pressing all insurers to give policyholders “at least” a 60-day grace period from insurance premium payments.

COVID-19 has left businesses in uncharted waters. It is often insurance that carries businesses through these waters. But policyholders need to know where to look for this life raft, and how to navigate these murky waters.

Compare-autoinsurance.org has launched a new blog post that presents the most common car insurance claims. For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/the-most-common-auto-insurance-claims-in-the-united-states/. Many drivers can have questions regarding on what car insurance claims are more…

NASHVILLE- Property owners affected by the tornadoes earlier this month now face two options: rebuild or bulldoze. Just hours after a tornado tore through East Nashville, architectural historian Robbie Jones stood outside his office in Five Points. A week later, Jones and I are standing on the front lawn of his crumbling office building on South 11th Street,…

The National Association of Insurance Commissioners issued the following news release:. The National Association of Insurance Commissioners announced the release of its 2016/ 2017 Auto Insurance Database Report, which provides the average costs associated with personal automobile insurance nationwide. Developed by the Casualty Actuarial and…

The American Property Casualty Insurance Association issued the following news release:. Families and communities across the United States should prepare now in the event they are impacted by severe weather such as flooding, hail, tornadoes, and windstorms. “Everyone tends to get spring fever in March, but Mother Nature generally likes to pack a few more…

Insure.com, a provider of information on life insurance, home insurance, health insurance and auto insurance, issued the following news release:. Insure.com surveyed more than 1,200 millennial auto insurance customers on the top 20 car insurers to find out which auto insurance companies are best at meeting those drivers' needs. We asked their opinion about:.

–The coronavirus outbreak has been declared a global pandemic by the World Health Organization. Squaremouth launched the Coronavirus Pandemic Travel Insurance search feature to help travelers search and compare policies that may provide coverage for the coronavirus. Cancellation Coverage For Illness and Quarantine As of March 11th, 2020, three travel…

The grand jury also charged two more farmers in the investigation, which has led to indictments or convictions against more than 15 people in Central Kentucky and accusations of millions in fraudulent claims paid by the U.S. Department of Agriculture or private insurance companies. The latest indictments were against Roger Wilson, who once owned Clay's…

WILMINGTON— Plan to get your business, school or child-care provider to participate in a Statewide Tornado Drill on Wednesday, March 25 at 9:50 a.m.. Now is the time to prepare for severe spring weather, said Clinton County EMA Director Thomas Breckel and Wilmington Police Chief Ron Cravens. The most significant event was a tornado outbreak on May 27-28,…

Mar. 8– Rebuilding efforts continue for survivors of the Camp and Cascade fires, which ravaged the north state in recent years. Yuba County public information officer Russ Brown said 108 permit applications have been submitted to build new homes, and, of the applicants, 58 have received certificates of occupancy. Yuba County District 5 Supervisor Randy Fletcher…

Finance Director Aaron Maynard provided an update at the Wilson County Commission's Budget Committee meeting Thursday. President Donald Trump's administration authorized the release of FEMA funding to areas affected by the tornado on Thursday. According to a release from the agency, Wilson, Davidson and Putnam counties are eligible for aid under both the…

Our review of the top twenty-five insurers in Tennessee writing each line of insurance leads Demotech to believe that meritorious claims associated with the damage and destruction to homes and buildings will be settled professional and promptly, “says Joseph L. Petrelli, President, Demotech. In 2018, companies wrote $2.1 billion of homeowners direct…

“It hit so fast, a lot of folks didn't have time to take shelter,” Putnam County Mayor Randy Porter said. One twister wrecked homes and businesses across a 10- mile stretch of downtown Nashville. Another tornado damaged more than 100 structures along a 2- mile path of destruction in Putnam County, wiping some homes from their foundations and depositing the wreckage…

President Trump will visit Tennessee on Friday to view damage from deadly tornadoes and meet with local officials. The president said Tuesday he will visit the Nashville area after storms killed at least 19 people. “We're working with the leaders in Tennessee, including their great Governor Bill Lee, to ensure everything is done properly,” Mr. Trump said while…

AM Best expects the financial performance of the U.S. property/casualty industry to show improvement for 2019, with results benefiting from a lower level of catastrophe losses and an improving rate environment in key lines, particularly short-tail property lines, according to AM Best’ s 2020 Review/Preview market segment report.. These lines are expected…

State Farm Mutual Automobile Insurance, Bloomington, Illinois, has been assigned a patent by two co-inventors for a “system for reducing vehicle collisions based on an automated segmented assessment of a collision risk.” The co-inventors are John A. Nepomuceno, Bloomington, Illinois, and Rajiv C. Shah, Bloomington, Illinois. The full-text of the patent can be found…

Several consumer groups had protested the settlement as too lenient in light of PG&E's destruction, and the California Public Utilities Commission agreed after further review. “We recognize our fundamental obligation is to operate our system safely and we share the same objectives as the Commission and other state leaders— namely in reducing the risk of…

The Council of Insurance Agents and Brokers issued the following news release:. The market continued to harden in Q4 2019, according to The Council of Insurance Agents& Brokers' quarterly Commercial Property/Casualty Market Survey. “Q4 was a difficult quarter for insurers, brokers and clients alike,” said Ken A. Crerar, President/CEO of The Council.

Health chain Adventist Health is also seeking at least $1 billion for losses from its heavily damaged hospital in Paradise, and lawyers could try to take up to a third. Victims are also upset that half the settlement, or $6.75 billion, would be paid in stock from PG&E, the company responsible for ruining their lives. Gavin Newsom to follow through on threats of a…

Feb. 22– MANKATO– The National Weather Service is predicting an elevated threat for spring flooding in south-central Minnesota. With water-filled soil, a decent snowpack and already high rivers and lakes, the NWS is warning the flood risk will be high. John Mayberry, of State Farm Insurance in Mankato, said there has been more interest in flood insurance in recent…

When recent heavy rains swelled a private Mississippi lake and began eroding its earthen dam, Yazoo County Emergency Management Director Jack Willingham was scrambling for a plan. It's one of more than 1,000 dams in Mississippi that remain unclassified because of a backlog of work for state regulators. It found 259 such dams in Georgia, 111 in Mississippi and…

Feb. 20– RICHLANDS, Va.– Skies were sunny Wednesday as volunteers cleared debris away and started the repairs needed to help Tazewell County residents start recovering from the damaging flood of early February. Volunteers converged early that morning at the Richlands Police Department to learn what needed to be done and get their work assignments for the day.

Feb. 19– With an insurance crisis causing widespread disruption throughout the state, California regulators rolled out legislation that would force insurance companies to offer coverage in areas where communities and property owners have “hardened” their homes against wildfire risk. He said the shortage of affordable coverage is hurting economies in…

The Florida Office of Insurance Regulation issued the following news release:. -Policyholders will have guaranteed access to insurance coverage from Homeowners Choice Property and Casualty Insurance Company. On Thursday, February 13, 2020, Florida Insurance Commissioner David Altmaier signed a Consent Order approving a plan for Homeowners Choice…

Feb. 18– Louisiana Insurance Commissioner Jim Donelon said Monday auto insurers charge widows more not because their husbands died, but because they are single. It is not because you are widowed, “Donelon told a reporter, Sue Lincoln, whose husband recently died and asked about an increase in her personal insurance rates. Single women pay higher premiums for their…

In the past few years, various innovations to automobiles have arrived on the consumer market promising to monitor driving, warn drivers of oncoming dangers, and make driving easier– even removing the driver from the equation all together. But what are the tangential impacts of these features? The Insurance Institute for Highway Safety found that these…

—Residents of Jackson braced Sunday for the possibility of catastrophic flooding in and around the Mississippi capital as the Pearl River rose precipitously after days of torrential rain. “We expect the river to continue to rise over the next 24 hours or so,“ Reeves said at a news conference in Jackson.“ We are not out of the woods yet.”. In the suburb of Flowood, John and…

Last week's flooding caused at least $2.3 million in damage to two Southwest Virginia counties, according to preliminary estimates from the Virginia Department of Emergency Management. Last week's flooding caused at least $2.3 million in damage to two Southwest Virginia counties, according to preliminary estimates from the Virginia Department of…

–Travel insurance comparison site, Squaremouth, explains why travelers concerned about the coronavirus should not purchase a new travel insurance policy for an existing trip. Don't Pay for a Policy That Won't Cover Concerns The biggest concern of travelers is being able to cancel a trip due to fear of contracting the coronavirus either during travel or at…

Minnesota is still in the grip of winter, but already experts are warning that the conditions are ripe for significant spring flooding. “I would err on the side of protecting yourself,” said Mark Seeley, former extension climatologist at the University of Minnesota. Minnesota ended 2019 as the wettest year on record, leaving the ground saturated and rivers high…

Nearly four years after the Federal Emergency Management Agency denied multiple requests from then Gov. “Both times we wrote to FEMA we didn’ t have enough complaints,” Debbie MacCoy, who owns a condo with a failing foundation, said.“ We didn’ t hit the criteria of magnitude, knowing the economic impact and we didn’ t know the cause. Ned Lamont last year urging him to pursue…

Newsom's lawyers told U.S. Bankruptcy Judge Dennis Montali they want to grill PG&E about the company's plans to borrow billions of dollars and sell more stock to help pay the $13.5 billion owed to more than 75,000 victims of catastrophic wildfires ignited by the utility's equipment and negligence. PG&E also is raising money to pay another $12 billion for…

COLUMBUS, Ohio – It’s not uncommon for American drivers to witness close calls, erratic driving and even deadly crashes caused…

Since there are a lot of those around here, Terrebonne and Lafourche stand to be affected. The program, administered by FEMA, is the only place most Americans can buy flood insurance, so it amounts to a mandate in a flood-prone community Like ours. The bill also requires FEMA to establish a system of enforcing the rules and would set up assistance programs for…

Feb. 10– PG&E Corp. is asking for more rate hikes as it continues to wrestle with the fallout from California's devastating wildfires and the risks of new fires. “This really goes to us taking action to build a more climate-resilient network,” said PG&E spokeswoman Lynsey Paulo. If the PUC grants the requests in full, PG&E's electric rates would increase $9.10 a…

I strongly support H.688, Vermont's Global Warming Solutions Act. Vermont cannot rely on the federal government to take climate action. Since taking office in 2017, I've made it a priority for Vermont to challenge these rollbacks.