It’s been 25 years since Hurricane Andrew struck the coast of Florida on August 24, 1992. The state was no match for the 17-foot storm surge and high winds the category 5 storm produced. Andrew became the costliest disaster in …
Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles and how they work, a new Insurance Research Council (IRC) poll has found. The findings come as the National Oceanic …
Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law Gov. Phil Bryant signed Monday. House Bill 756, sponsored by Biloxi Republican Scott DeLano, requires Insurance Commissioner Mike Chaney to rule that higher …
When the National Hurricane Center declared Sandy a “post-tropical storm” just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money. The governors of these states have …
The governors of New York, New Jersey and other states have warned insurance companies not to charge hurricane deductibles costing tens of thousands of dollars to homeowners who file claims for damage from Sandy because the massive storm was labeled …
Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late Monday. New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski communicated to the insurance industry Tuesday night that …
Hurricane Andrew hit South Florida with winds topping 160 mph on August 24, 1992, devastating several communities before striking the Louisiana coastline. According to the Insurance Information Institute (III), prior to Hurricane Katrina, Andrew caused the largest insured losses in …