Insurance Companies to Disclose Climate Change Risk

US insurance regulating body, National Association of Insurance Commissioners (NAIC), now demands insurance companies to disclose how climate change will affect them. NAIC is aware of the huge risk that environment change entails, however it lacks information of how the insurance industry is planning to respond. Concerns are the availability and affordability of [...]

2008 Costly for Hurricane Insurance, Storm Insurance & Other Catastroph Insurance

AMRE / Munich RE reports:
“The very high natural catastrophe losses incurred in 2008 again show the crucial importance of risk research for the insurance industry. In its annual review published today, “Topics Geo – Natural catastrophes 2008″, Munich Re’s geo risks experts take an in-depth look at Hurricane Ike – with losses of US$ 15bn, [...]

AIA Opposes State Catastrophe Fund

The American Insurance Association (AIA) provided testimony today in opposition to Connecticut Senate Bill 530, legislation that would establish a state-mandated catastrophe (CAT) fund in Connecticut. The testimony was presented at a hearing before the Insurance and Real Estate Committee.
“Natural catastrophe remains a manageable and insurable risk for private insurers, provided they have the proper [...]

Post – Earthquake: how to keep your home safe

By Vera Lang, BeSafeInsure.com
Sometimes earthquakes can barely be felt and live goes on as normal afterwards. However, even small earthquakes may cause devastating damage to your home over time. Often the damage to your home occurs after the earthquake, rather than during the earthquake.
Here are several self-inspections you can undertake after an earthquake to [...]

Earthquake Insurance Coverage

Replacing or repairing damage to your home and possessions caused by an earthquake can be expensive. Typically, earthquake damage is significant and urgent. Most basic homeowners insurance policies do not include the repair of damages caused to your home and damage or loss of your possessions due to an earthquake. So, opting for [...]

Homeowners Insurance – Five Things to Know About Earthquake Insurance

Since 2005, earthquakes powerful enough to be felt by people have occurred in 40 of the 50 states, according to the United States Geological Survey. Not surprisingly, Alaska, California, and Hawaii lead the nation in frequency and size of earthquakes, but other states have significant numbers of quakes as well.