• Industry Responds to Florida's Sweeping Property Insurance Reform Attempt

    Industry Responds to Florida's Sweeping Property Insurance Reform Attempt After months of debate and revisions, lawmakers in Florida passed a piece of legislation that provides sweeping changes to the property insurance market in the state.  The bill passed the Florida House and Senate...

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  • Rockfall Damage Not Always a Landslide Win for Homeowners

    Rockfall Damage Not Always a Landslide Win for Homeowners The U.S. Court of Appeals for the Tenth Circuit has decided that an insurance policy's earth movement exclusion barred coverage for damage caused to a home by large boulders rolling down from a hillside above the home. The case is ...

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  • Hawaii Insurer Launches Parametric Insurance for Hurricane Damage

    Hawaii Insurer Launches Parametric Insurance for Hurricane Damage With the threat of Hurricane Douglas on the horizon last week, First Insurance Company of Hawaii (FICOH) launched an affordable and flexible parametric insurance product for Hawaii homeowners and renters. The program was designed...

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  • Does My Business Need Flood Insurance?

    Does My Business Need Flood Insurance? Of all the natural disasters, floods are the most common. Yet many businesses and homeowners do not carry insurance to protect them from this potentially devastating risk. The standard ISO commercial property and businessowners policies do not provide...

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  • 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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  • 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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  • 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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  • What if NFIP is Not Renewed Friday?

    What if NFIP is Not Renewed Friday? The NFIP was up for renewal in September and renewal was pushed back to December 8. Then it was pushed back to December 22, which is Friday. It is not looking like anything will happen to extend it by Friday. So what happens to coverage? FEMA has issued...

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  • Flood Policy and Storage of Contents

    Flood Policy and Storage of Contents We have a flood claim on a property that has suffered water damage to both the dwelling and contents. The policy has coverage for the dwelling and also has coverage for the contents. The contents are being restored to pre loss condition and will be put...

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  • Disaster Compendium Part IV

    Disaster Compendium Part IV In conjunction with the article What You Need to Know About Disasters is a disaster compendium that contains information as to season, areas at risk, frequency, intensity, and safety steps to take if you are in an area affected by certain disasters. This part contains...

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