natural disaster insurance News

Recoop Insurance Vows Quick Cash to Homeowners, Renters Hit by Natural Disasters

Homeowners in 37 states now have access to a parametric-like multi-peril disaster insurance product designed to deliver quick cash in the wake of a natural disaster. The product, Recoop Disaster Insurance, pays out a lump-sum cash benefit from $5,000 up …

U.S. Sending $1 Billion to Farmers Hit by Natural Disasters in 2018-2019

The U.S. Department of Agriculture (USDA) will release more than $1 billion in payments over the next several weeks starting June 15 for agricultural producers who suffered losses in 2018 and 2019 natural disasters. The payments are going to farmers …

Insurers Pitch Quick-Paying Parametric Disaster Insurance to Public Sector

Some of the world’s largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The catch: Even a hurricane might not be extreme …

Rutgers Law School in New Jersey Launches Project to Improve Homeowners’ Insurance

Rutgers Law School’s Camden, N.J., location, in collaboration with United Policyholders, is seeking to improve homeowners’ insurance nationally through its recently launched project. The Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden and United Policyholders have …