The final tally for the cost of claims from Hurricane Rita in both Louisiana and Texas came to $5.8 billion. Hurricane Rita’s 120 mile per hour winds plowed into the Texas/Louisiana border on Sept. 24, 2005, one month after Hurricane …
In response to a recent pending settlement involving State Farm Insurance, certain victims of Hurricane Katrina and the State of Mississippi, USAA or United Services Automobile Association, came forward to define what it says is a difference between it and …
The popularity of federal flood insurance policies in Texas is on the rise, according to the Insurance Council of Texas. ICT reported that Federal Emergency Management Agency (FEMA) records show that the number of flood policies sold in Texas jumped …
There have been 483,693 claims filed and more than $10.5 billion paid to Mississippians for Hurricanes Katrina and Rita, according to the Mississippi Insurance Department. Those numbers were as of August 1, 2006 and include figures from private insurance companies, …
Mississippi Attorney General Jim Hood’s recent comments comparing the insurance industry to Nazis are “hysterical and irresponsible,” claims an insurance trade group leader. “Now that Hood’s inspired exercise in justice has met some resistance, his public rhetoric seems to get …
In the aftermath of Hurricane Katrina, public officials and insurance experts predicted that the vast majority of property losses from the most costly flood in U.S. history would be uninsured. But data from the office of Donald Powell, the Bush …
The National Association of Mutual Insurance Companies (NAMIC) – which has more than 1,400 member companies that underwrite 43 percent ($196 billion) of the property/casualty insurance premium in the United States – has set its federal affairs agenda for 2006. …
The controversy over litigation and outstanding unpaid wind vs. flood claims and what could result in the marketplace if Mississippi Attorney General James Hood and attorney Richard ‘Dickie’ Scruggs are successful in their lawsuits will be discussed by Bill Bailey, …
Florida’s Department of Financial Services reports its consumer services division has received more than 2,000 complaints from homeowners with Hurricane Wilma claims indicating that although they reported damages soon after Wilma hit, they have not yet seen any adjusters and …
The Insurance Council of Texas reported that property and casualty losses from Hurricane Rita are expected to hit $4.7 billion with the majority of losses sustained in Texas and Louisiana. According to the Insurance Service Office Property Claims Services unit, …