Texas Hurricane Insurance Claims Create 2008 Loss for Insurers
March 24, 2009 by Be Safe Insure
Filed under Homeowner's Insurance, hurricane insurance, Insurance Companies
For half a decade, Texas insurance companies showed strong profitability with loss ratios of only < 60%. That was before 2008. Then, in 2008, Taxes insurers were force to pay out on one of the most destructive hurricanes in state history, i.e. hurricane Ike hitting Galveston and Houston, the Texas Department of Insurance reported. The [...]
2008 Costly for Hurricane Insurance, Storm Insurance & Other Catastroph Insurance
March 1, 2009 by Be Safe Insure
Filed under -, Earthquake Insurance, Emergency Preparedness, Flood Insurance, hurricane insurance, Liability
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$ [...]
AIA Opposes State Catastrophe Fund
February 5, 2009 by Be Safe Insure
Filed under -, Earthquake Insurance, Emergency Preparedness, Flood Insurance, Insurance Regulation
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 [...]
Travel Insurance for Hurricane Season – What You Need To Know
July 13, 2008 by Be Safe Insure
Filed under 1. Commercial Insurance, Emergency Preparedness, Travel Insurance
Tropical Storm Bertha is currently blowing in the Atlantic, and the August peak of hurricane season is coming soon. With experts forecasting higher than usual hurricane activity this June through November, Squaremouth, America’s fastest growing travel insurance comparison web site, today announces some essential tips and terms to help customers sort through options for hurricane [...]
The Benefits of Tornado Insurance
January 31, 2008 by Be Safe Insure
Filed under Homeowner's Insurance, Other Insurance
The Benefits Of Tornado Insurance Homeowners and business owners often wonder what types of insurance coverage they have as it pertains to certain weather events. One particular weather event that often causes confusion with homeowners is tornado events. Most, and the emphasis here is on most, policies will cover homeowners and business owners for what [...]
