Jackson, Miss., is the windiest city in America, according to catastrophe modeling firm CoreLogic’s just released rankings of the windiest cities in the country. The CoreLogic Windy City Ranking report, which provides a national ranking of the nation’s windiest cities, …
The insurance industry is bracing itself for an expected onslaught of claims in the wake of what South Carolina officials are calling a 1 in 1,000 year storm. “This is an extremely devastating event,” said South Carolina Director of Insurance …
The rain has stopped in South Carolina and claims filing and damage recovery are underway even as residents are being told to expect more flooding through the weekend. The mega storm that hit South Carolina starting Oct. 1 through …
Claims are already starting to trickle in from the major storm that hit South Carolina over the weekend and that is now causing additional flooding problems in North Carolina. According to State Farm Spokesman Justin Tomczak, the insurer had …
Florida State Representative Bill Hager says the state is turning up the heat on the National Flood Insurance Program as Florida residents become increasingly concerned with the high rates they are paying for flood insurance coverage. Lawmakers like Hager, State …
Florida taxi companies may finally get the answer they are looking for from the Florida Department of Highway Safety and Motor Vehicles (FDHSMV) regarding minimum insurance requirements for transportation network companies (TNCs) operating in the state. In a Sept. 17 …
The Tennessee Supreme Court has affirmed a Court of Appeals decision that a chiropractic patient’s assignment of benefits was not an effective assignment of his rights to insurance proceeds from a third party’s insurance company. The case stems from a …
The article Tennessee Supreme Court Rules for Insurer in Assignment of Benefits Case appeared first on Insurance Journal.
South Carolina Insurance Director Raymond Farmer approved an overall revision of +1.9 percent to the state’s voluntary workers’ compensation policy loss costs and a decrease of .3 percent in the assigned risk rate level results for the state’s workers’ comp …
The article South Carolina Orders Rate Revision for State Workers’ Comp Plan appeared first on Insurance Journal.
In a nearly three-hour rate hearing on August 25, representatives from Florida’s Citizens Property Insurance Corp. delved into and defended their recent rate filing, which included significant increases in many Florida regions, before the Florida Office of Insurance Regulation (FLOIR). …
The article Citizens: Water Losses the Reason for Rate Increases in South Florida appeared first on Insurance Journal.
The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took effect in Florida July 1, prohibits a person, …
The article Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight appeared first on Insurance Journal.