property insurnace News

Mass. Church Rebounds After 2011 Tornado; Insurance Covers $2M Repair

A year after a tornado downed its steeple, The First Church of Monson Congregational in Monson, Mass., is rebounding.The town’s oldest church became a disaster relief center after the June 1, 2011 storm that destroyed 40 homes in Monson and …

Mississippi Property Insurance Rates Leveling Off: Chaney

State Insurance Commissioner Mike Chaney says property insurance rates in Mississippi have leveled off for the time being. Chaney told a meeting of the Gulf Coast Business Club that more carriers have entered the insurance market but many of them …

Florida Agents’ Leader Grady Cites Progress, Disappointments on Reform

For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that initially promised much in the form of a new governor and strong pro-business majorities in both the House …

Insurers Report 24% Rise in Suspicious Claims Since 2008

There has been a 24 percent rise in what insurance companies consider suspicious claims since 2008. In 2008, a total of 74,146 so-called questionable claims, or QCs, were referred to the National Insurance Crime Bureau from its member insurance companies …

Hudgens Directs Insurers to Exercise ‘Leniency’ After Georgia Storms

Georgia Insurance Commissioner Ralph Hudgens has issued an order directing insurers to exercise leniency in dealing with individuals and businesses that may have trouble paying premiums due the winter storms that swept through the state earlier this month. Georgia experienced …