With Alaska’s history of earthquakes, you might assume most homeowners have earthquake insurance. That’s not the case, the Anchorage Daily News reported. Only about 15 percent of Alaska homeowners buy earthquake insurance, according to an estimate provided by Lori Wing-Heier, …
A recent federal hearing on insurance fraud exploring the necessity of a federal fraud fighting program, highlighted how stakeholders work to address and fight the multi-billion dollar industry. The Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security, held …
The Valley Fire, which raged through Northern California over the weekend, spread quickly—from 50 to 50,000 acres within a 24-hour period— destroying hundreds of homes and businesses. According to catastrophe modeling firm AIR Worldwide, the fire which started in the …
The number of insurance claims from lightning strikes in the United States continued its steady decline, as severe thunderstorm activity eased from near-record levels and dry weather prevailed throughout much of the western half of the country. Despite fewer storms, …
Insurance companies have been deluged by property damage claims since tornadoes raked central Oklahoma last month, and on Monday state officials were still trying to tally the initial claims from the most recent outbreak two weeks ago. The nearly $250 …
Memorial Day through Labor Day is the most dangerous time of the year for teens to be on the road, according to the Insurance Information Institute. Statistics from Tire Rack Street Survival,a national nonprofit teen driving education program, show that …
Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2012, costing more than $489 million, according to the Insurance Information Institute (I.I.I.) and State Farm, the largest writer of homeowners insurance in …
The death toll from the bombings at the Boston Marathon has risen to three. More than 140 people are being treated at area hospitals for injuries, some of them grave and involving amputations. There were two explosions around 2:50 p.m. …
Highly competitive auto insurance marketplaces are the key to making coverage available and affordable for all drivers, according to the Insurance Information Institute (I.I.I.). “Auto insurance provides important, cost-effective financial protection to millions of Americans, and most drivers have dozens …
A record-high 3.31 million residential and commercial policies were offered through state-run property insurers of last resort in the United States in 2011, a 17 percent increase over the previous record of 2.84 million in 2010. More than half of …