Texas insurers impose significant increases in fees

by Admin | Oct 14, 2014 | Insurance

The three largest home insurers in Texas have successfully imposed marked rate hikes on numerous policyholders despite the protests of a state consumer advocate. Furthermore, Texas' insurance commissioner, Julia Rathgeber, has been conspicuously taciturn about...

Stakeholders urge reform of Texas Windstorm Insurance Association

by Admin | Oct 7, 2014 | Insurance

For many Texas residents living near the coast, the only way to get wind and hail insurance is through the Texas Windstorm Insurance Association (TWIA), the state-run insurer of last resort. According to HelpInsure.com, a service of the Texas Department of Insurance,...

SEMCAT and e2Value Partnership Adds e2Value Tools to SEMCAT Quoting Solution

by Admin | Sep 22, 2014 | Insurance

Stamford, Conn. (September 9, 2014) – e2Value, Inc., the leading provider of web-based property valuation solutions, and SEMCAT, the nationwide comparative quoting solution, have partnered to expand SEMCAT’s quoting solution capabilities by adding access to e2Value’s...

Challenges with calculating replacement costs for vintage structures

by Admin | Sep 3, 2014 | Insurance

Calculating replacement costs for historical buildings can be complicated, compared to newer structures, because complete restoration of older residential or commercial properties may require the purchase of vintage construction materials. Efforts to preserve historic...

FEMA updates flood risk maps for more than 20 states

by Admin | Jul 17, 2014 | Insurance

For some time, the Federal Emergency Management Agency (FEMA) has been working to update its flood hazard maps based on new data. These maps play a role in determining whether properties need to be covered by flood insurance, as well as as the cost of insuring...

Insured losses from lightning decline from $1 billion-per-year average

by Admin | Jul 16, 2014 | Insurance

The Insurance Information Institute (I.I.I.) and State Farm recently released the results of their research into lightning-related claims data from the last decade.The study found that insurers paid just under 115,000 lightning claims in 2013, down about 24 percent...