• Yet Another Reason for Flood Insurance

    Yet Another Reason for Flood Insurance Most people start to think of potential flooding around hurricane season, which runs from June to November. Hurricanes tend to form later in the year, generally in late summer or early fall. What is generally overlooked is the devastation and flooding that...

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  • A New Kind of Storm

    A New Kind of Storm Meteorologists nationwide have decided to begin rating atmospheric rivers (AR), storms that have the potential for millions of dollars in losses and severe flooding. However, what exactly is an atmospheric river? It's a long, narrow river of condensed water vapor in the...

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  • Homeowners Insurance Fraud, Arson, Murder - New York

    Homeowners Insurance Fraud, Arson, Murder - New York Amount: Unknown A Scranton, New York* man conspired to burn down his own home with his brother in an insurance scam. During the fire, the brother suffered fatal burns. The man and his brother poured gasoline inside the home as an accelerant....

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  • Puerto Rico's New Flood Laws

    Puerto Rico's New Flood Laws In late September 2017, Hurricane Maria devastated Puerto Rico. This was the worst natural disaster to affect the area and the deadliest since 1899. The island's power grid was destroyed, more than half of the island's 78 counties cell networks were completely...

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  • Assumption of Risk

    Assumption of Risk As we all know, insurance is a transfer of risk to another party. The risk is transferred most times because of financial considerations; the insured either cannot afford or does not want to take her chances that something catastrophic might happen, so she obtains an insurance...

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  • WHO’S ALLOWED TO SHOOT AT DRONES?

    WHO’S ALLOWED TO SHOOT AT DRONES? As drones became more popular and concerns arose about privacy and neighbors spying on neighbors, the topic of shooting drones out of the sky came up as well. In 2015 a Kentucky man shot down a drone hovering over his yard and was charged with criminal...

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  • INSURANCE WHEN YOU LEGALLY CARRY A WEAPON

    INSURANCE WHEN YOU LEGALLY CARRY A WEAPON Americans love their guns; the right to bear arms is the second amendment in the Bill of Rights to the Constitution. Each state has laws dictating the right to carry concealed weapons and there are supporters for and against concealed carry, and gun...

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  • COMPARISON OF HOMEOWNERS CHOICE FLOOD POLICY AND NFIP DWELLING FORM

    COMPARISON OF HOMEOWNERS CHOICE FLOOD POLICY AND NFIP DWELLING FORM With the NFIP due to expire in September, and the past history of flood catastrophes and hurricanes, there is more and more interest in the private market trying to insure flood. It is a difficult subject since many homes in one...

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  • STANDARD HOMEOWNERS ENDORSEMENTS

    STANDARD HOMEOWNERS ENDORSEMENTS Tailoring to Coverage Needs Summary : The coverages of the standard homeowners forms (Forms HO 00 02, 03, 04, 05, 06, and 08) are designed to provide the kinds of insurance protection that most homeowners will need. But the needs of individual insureds can...

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  • E-Cigarette Use in the U.S.

    E-Cigarette Use in the U.S. An Overview Summary:   E-cigarette use in the U.S. is increasing, particularly among young adults. As a result, in August, 2016 the Food and Drug Administration (FDA) began regulating all tobacco products, including e-cigarettes, cigars, e-pipes, vaporizers, vape...

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  • STATE FAIR PLANS

    STATE FAIR PLANS State-by-State Summary of Coverages   Summary : FAIR plans were devised as a way to enable residents and businesses in urban areas to have access to insurance. FAIR plans came into being as early as 1960 to enable those with the greatest exposure to fire to purchase...

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