homeowners insurance

Report says reinsurance well covered for 2012 hurricane season

By Consumer Insurance Guide Staff
Report says reinsurance well covered for 2012 hurricane season

The U.S. reinsurance markets have sufficient capacity available to meet the demand for coverage that is expected in the upcoming hurricane season, according to Fitch Ratings’ annual report “Hurricane Season 2012: A Desk Reference for Insurance Investors.” Early forecasts for the 2012 U.S. hurricane season predict that the North Atlantic basin will likely produce below-average hurricane frequency relative to long-term results, according to Fitch, as a number of environmental forces that serve to stifle the…

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Insurance fraud cases remain steady

By M.K. Guetersloh
Insurance fraud cases remain steady

In California, someone who owes more on their car than it is worth easily remedies the situation by driving the car to Mexico and reporting it stolen. In New York, a man low on cash dresses up as his recently deceased mother to cash in on her workers’ compensation claim.

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How do you rate? The elusive C.L.U.E. number

By Rick Richards
How do you rate? The elusive C.L.U.E. number

In the board game Clue, answers are difficult to find, but ultimately, information is found so you can figure out who did it, with what weapon and in which room. But when it comes to figuring out your personal C.L.U.E. number (we all have one), the information isn’t quite so straightforward. While you might be able to find out what your number is, details of what goes into compiling that number are shrouded in secrecy….

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Fall doesn’t end threat of hurricanes, tropical storms

By Consumer Insurance Guide Staff
Fall doesn’t end threat of hurricanes, tropical storms

With the arrival of fall, many residents in coastal areas may not be thinking of hurricanes or tropical storms.

However, industry data source the Insurance Information Institute recently reminded consumers that the hurricane season lasts until November 30. The organization says there are a number of steps homeowners can take to make sure they are prepared.

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Homeowners insurance costing too much? Improve your insurance score

By Bill Hupp
Homeowners insurance costing too much? Improve your insurance score

In October 2010, J.D. Power and Associates released a study that found customers with homeowners insurance declined to a five-year low. According to the study, this dissatisfaction stemmed largely from increasingly poor policy offerings and substandard customer service. But first, to borrow a phrase, consumers must make sure their own house is in order if they hope to field ideal homeowners insurance offers. Tim Sheppard, an Erie Insurance agent in Peoria, Ill., says there are…

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Tornado damage typically covered under a standard homeowners insurance policy

By Karen Caffarini
Tornado damage typically covered under a standard homeowners insurance policy

Mother Nature continues to flex her deadly muscles in 2011, this time in the form of 362 tornadoes that ravaged seven Southern states in April, killing more than 300 people, injuring thousands more, leveling entire neighborhoods and turning even newer, well-built homes into piles of rubble. Weather authorities are calling it the second worst natural disaster in this country, following Hurricane Katrina in 2005, and the deadliest U.S. tornado in 37 years. Insured losses are…

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Earthquake insurance: If it happened here would you be prepared?

By Karen Caffarini
Earthquake insurance: If it happened here would you be prepared?

The earthquake and subsequent tsunami that struck northern Japan on March 11 resulted in close to 12,000 confirmed dead, another 15,472 still missing and a total economic loss estimated at a staggering $300 billion by risk modeling agency RMS, only a fraction of which will be paid by private insurers.

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Winter weather home safety tips

By Consumer Insurance Guide Staff
Winter weather home safety tips

The winter season brings a festive feeling to the air, but it is a time of year when temperatures and storms become more intense and dangerous for certain regions of the country. The Oklahoma Department of Emergency Management, Oklahoma Department of Transportation, and the National Weather Service has provided a report full of tips that will keep the home safe during the next few months.

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