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Insurers look ahead to start of hurricane season
With just a few months to go until the 2014 hurricane season gets underway, property owners and insurers need to take a serious approach to preparing for the impact of strong winds, heavy rainfall and tidal surges that can be generated by spring and summer storms.
J.D. Power finds homeowners more satisfied with insurers’ handling of property claims
J.D. Power’s 2014 Property Claims Satisfaction Study found that homeowners who have recently filed a property claim were more satisfied with their experience, relative to last year.
Texas Department of Insurance: Properties at risk as spring blooms
The heavy snowfall of the winter is hopefully behind us at this point, but with the advent of spring upon them, property owners and insurers may soon realize that the new season comes with new risks.
High value homes comprising a greater share of new construction as economy improves
The average size and value of U.S. residential properties is rising, which may make it more challenging for insurance carriers to accurately calculate replacement costs for insured structures.
Scope of property damage from Louisiana hail storm becoming clear as roofers get to work
A late-February hail storm caused an unexpected amount of damage to residential properties in parts of Louisiana.
ITV a growing concern for mobile manufactured homes amid rising risks
The current inventory of mobile manufactured homes, which accounts for more than 6 percent of the U.S. housing sector, is aging, increasing the risks facing property owners and insurers.
For insurers, investments in technology need to benefit the bottom line
Insurers are stepping up their investments in technology after several lean years during the recession, with a focus on replacing legacy systems and drawing on more data sources to better predict losses.
Mixed-use properties leveled in East Harlem explosion
Two buildings in East Harlem were destroyed on Wednesday morning, March 12, 2014, in an explosion that authorities believe may have been caused by a gas leak.
How warming temperatures are putting properties at risk
From the smallest home to the largest office building, no structure is immune to the forces of nature.
Total insured losses from January storms could exceed $1.5 billion
The total value of insured losses related to winter weather in January could end up being greater than $1.5 billion, according to a report from reinsurer Aon Benfield.
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