Texas Hurricane Insurance Claims Create 2008 Loss for Insurers

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 [...]

Subsidence Insurance Risk Increases in the Year of the Ox

Gung Hay Fat Choy!, or Happy Chinese New Year. This year is the Year of the Earth Ox. With the ox also being an earth animal, for the coming year, till February 2010, we will have to pay extra attention to matters of the Earth. Which makes me write about a lesser known, but important [...]

Out-of-Date Homeowner’s Insurance Can Prove Costly

Coverage may not completely pay for rebuilding house Often, homeowners only look at their insurance policy when they buy a home. Industry experts indicate that homeowners must revisit their policies at least yearly or every other year to ensure they have enough coverage to rebuild should disaster strike ~ reported Paul Adams in the Chicago [...]