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Louisiana High Court Refuses to Overturn Citizens Ruling
(2/1/2012)
The Louisiana Supreme Court will not reconsider a $92.7 million judgment against the state’s insurer of last resort, Citizens Property Insurance Corporation, for the company’s slow handling of Hurricane Katrina claims. But Insurance Commissioner Jim Donelon said the state-backed company will take the case to the U.S. Supreme Court and could know shortly if the issue will be considered... Full Story
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Lightening Deaths Lowest On Record in 2011
(2/1/2012)
The National Weather Service reports that only 26 people were killed by lightning in the U.S. in 2011, the lowest on record... Full Story
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Insurers Worry 2012 Will Top Record Weather Disasters of 2011
(1/5/2012)
Insurers and weather prediction agencies are forecasting that the world’s weather will continue to be extreme and expensive... Full Story
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2011 a Record Year for Disasters
(12/13/2011)
Federal authorities say that a dozen weather disasters that caused at least $1 billion in damages hit the nation this year, the largest number of major disasters in more than 30 years of record keeping... Full Story
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Joplin, Missouri Tornado Payouts at $1.13 Billion, May Go Higher
(11/30/2011)
Actual insured losses from the Joplin, Mo., tornado in July could top out at $1.9 billion, within the range of $1.5 billion and $2 billion predicted earlier by the Missouri Department of Insurance, Financial Institutions and Professional Registration... Full Story
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When a Tree Falls, Who Is Liable?
(11/9/2011)
Where a tree or limb from one property fell on another property, neighbors may debate who is responsible for cleaning up and paying for any damage... Full Story
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Damage Estimates Mount From October Storms
(11/9/2011)
According to an early estimate from the Connecticut Insurance Department, the “nor’easter” that hit the state during the last weekend in October caused insured damages of between $500 million and $750 million, approximately 25 percent of the estimated $1 billion to $3 billion in all insured damages from the storm that dropped snow from Maryland to Maine... Full Story
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Disaster Declarations: Not Saying “No”
(10/25/2011)
The Federal Emergency Management Agency (FEMA) calculated that a storm that hit Vermont months before Hurricane Irene cost $794,000... Full Story
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