Much of the country periodically experiences severe and sustained cold weather, with snowfalls interspersed with periods of melting and freezing. This can inflict considerable damage on homes. Here are some tips and steps you can take to make insurance losses less likely during extended severe weather.
From January 1, 2018, to October 26, 2018, there were 50,546 wildfires, compared to 52,572 wildfires in the same period in 2017, according to the National Interagency Fire Center. The Camp wildfire broke out in Butte County, California, on November 8 and became the deadliest and most destructive fire on record. Further south two other major fires, Hill and Woolsey are still burning. Learn more here. See also: California State Fact Sheet
BEACH AND WINDSTORM PLANS- State-sponsored insurance pools that sell property coverage for the peril of windstorm to people unable to buy it in the voluntary market because of their high exposure to risk. Seven states (AL, FL, LA, MS, NC, SC, TX) offer these plans to cover residential and commercial properties against hurricanes and other windstorms. Georgia and New York provide this kind of coverage for windstorm and hail in certain coastal communities through other property pools. Insurance companies that sell property insurance in the state are required to participate in these plans. Insurers share in profits and losses. (See Fair access to insurance requirements plans / FAIR plans, Residual market )
MEDICAL MALPRACTICE INSURANCE- See Malpractice insuranceSee Full Glossary
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office, Insurance Information Institute: (212) 346-5500; firstname.lastname@example.org NEW YORK, December 11, 2018—Florida’s assignment of benefits (AOB) crisis continues to spread statewide and has co… Read More
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office, Insurance Information Institute: (212) 346-5500; email@example.com NEW YORK, December 10, 2018—Retired Gen. Read More