Explaining Deductibles After Multiple Florida Hurricanes October 16, 2024 By Patrick Wraight Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller...
Florida Gov. Signs One Last Bill, Allowing Higher Deductibles, More Storm Models June 14, 2023 By Insurance Journal Staff Reports One of the last property insurance-related bills to come out of the 2023 regular session of the Florida Legislature was...
Americas Insurance Waiving Separate Deductible in Louisiana After Delta, Laura October 29, 2020 Americas Insurance Company will be waiving a separate deductible for Hurricane Delta for Louisiana insureds that were impacted by both...
Louisiana Insurance Commissioner, State Farm at Odds Over Hurricane Deductibles August 26, 2019 Louisiana Insurance Commissioner James Donelon has issued a cease and desist order against State Farm in a dispute over hurricane...
Insurance Research Finds Many Homeowners Don’t Understand Deductibles June 15, 2017 Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles...
New Mississippi Law to Set Uniform Rules for Hurricane Deductibles March 24, 2014 Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law Gov. Phil Bryant...
N.Y. Lawmakers Introduce Bill to Cap Hurricane Deductibles at $1,500 January 10, 2013 New York legislators have introduced a bill this week that seeks to cap the percentage-based hurricane deductibles for homeowners’ insurance...
A Look at New Insurance Laws Taking Effect in 2013 December 19, 2012 With 2013 just around the corner, a number of states are preparing to implement new insurance-related laws. Insurance Journal highlights...
Wind Deductibles and Sandy: What It Means for Total Insured Losses November 28, 2012 By Philip S. Borba On October 29, 2012, when Hurricane Sandy made landfall along the northeast coast—a year to the day since the last...
Allstate Poised to Benefit From Reduced Exposure Along East Coast November 5, 2012 Allstate Corp.’s chief executive said the company’s effort during the past five years to reduce exposures along the East Coast...