Tag Archives: hurricane

Key Facts, Common Myths About Protecting Homes from Hurricanes

With weather forecasters calling for a worse-than-average 2010 Atlantic basin hurricane season, the Institute for Business & Home Safety (IBHS) is advising property owners on the most effective ways to protect their homes and businesses from hurricane damage. IBHS is also trying to dispel some common myths about hurricane preparedness. Forecasters predict 15 named storms […]

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Miami Condo Association Sues QBE Insurance Over Hurricane Claims

A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane claims. Daniel S. Rosenbaum, the managing partner of Katzman Garfinkel Rosenbaum, LLP, in West Palm Beach, said his firm obtained a judgment against […]

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A bad deal from Citizens – St. Petersburg Times

Florida’s state-run insurer absolutely should be rooting out fraud and incompetence that is inflating hurricane-mitigation discounts for homeowners. But Citizens Property Insurance Corp.’s board of directors should not award a no-bid $60 million contract to a private vendor who has not tackled a project of this size. The board should reconsider and seek competitive bids. […]

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Mississippi Court Rules Home Insurance Policy Covers Hurricane Wind Damage

In a 9-0 decision, the Mississippi Supreme Court has ruled that so-called “all-risk” home insurance policies may cover wind damage from hurricanes, even in situations where the loss is later exacerbated by water from storm surge. The state high court decision found that language in a policy may exclude storm damage when it is caused […]

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Small Florida Insurers Rush In On The Quiet After The Storms – WSJ.com

CHICAGO (Dow Jones)–As big insurance companies back away from insuring homes along the hurricane-prone coast of Florida, some small, nimble insurers are rushing in – at least until the next big storm. The biggest insurance companies pulled back in Florida after a string of big storms in 2004 and 2005 caused billions of dollars in […]

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Nationwide Insurance to drop 60,000 homeowners policies in Florida – St. Petersburg Times

Nationwide Insurance Co. announced plans Wednesday to drop about 60,000 homeowners policies across Florida, including more than 10,000 in the Tampa Bay area. Nationwide, the latest insurer to dramatically scale back its presence in the hurricane-prone state, said nearly all customers with only a homeowners policy will be affected. About 45,000 Nationwide customers who have […]

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INSURANCE CLAIMS: Wilma damage wasn’t apparent at first, but now Boynton Beach home needs a new roof, family says

Alexis Villios: So much lingering damage “we’re terrified if there’s a hurricane” Boynton Beach resident Alexis Villios didn’t realize at first how much Hurricane Wilma damaged his house. In the weeks after Wilma, he didn’t even file a claim, figuring he’d pay out of pocket to hire a contractor. About a year and a half […]

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Homeowners Insurance: Consumer Reports investigates

Will your insurance company be there for you in the aftermath of a disaster, when you most need it? The answer might be no. When Consumer Reports National Research Center surveyed readers about their homeowners insurance claims in the last few years, half of those who had filed claims related to Hurricane Katrina reported problems. […]

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Florida may gut discounts for hurricane shutters

Homeowners who cut their insurance bill by installing shutters will soon see those discounts slashed if insurers have their way. Kurt Bressner spent more than $16,000 installing storm shutters, a reinforced garage door and an impact-resistant front door on his Boynton Beach home. In return, he got more than peace of mind. Effective this year, […]

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Allstate Floridian Changes Name to Castle Key

Allstate Floridian Insurance Co. and Allstate Floridian Indemnity Co., property insurance subsidiaries of Allstate Insurance Co., have changed their names to Castle Key Insurance Co. and Castle Key Indemnity Co., respectively. Mike Sheely, Allstate field vice president for Florida, said the change should be “seamless” for customers. Allstate said the name changes were made in […]

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