September 19, 2018
Soon after the still-rising flood waters from Hurricane Florence begin to recede, the rebuilding process in devastated parts of North and South Carolina will get underway. Insurers will have to write an estimated  $10 billion check for that, said the Consumer Federation of America (CFA). But not everyone will wind up happy, least of all the property insurers who'll take a short-...
As posted at: CBS Money Watch

September 18, 2018
  More than a million people in North and South Carolina have suffered from the flood waters driven ashore by Hurricane Florence. Nearly 750,000 of them were forced to evacuate, while others were trapped by a deluge of more than 30 inches of rain. Even when the waters recede, they won't be out of the woods. Many victims have trouble collecting from their insurer because...
As posted at: CBS Money Watch

September 14, 2018
As Hurricane Florence makes landfall, homeowners along the North and South Carolina coasts could face up to 14 feet of storm surge -- tidal water driven by high winds. But many of them could discover that their insurance doesn't cover damage from that common hurricane effect. That's because of the little-known, misunderstood and obscure "anti-concurrent causation clause" written into their policy...
As posted at: CBS News

September 10, 2018
As the anniversary of the October 2017 North Bay wildfires approaches, a San Francisco group is interested in hearing from Californians whose homes were damaged or destroyed. United Policyholders, a non-profit that has held several workshops to help fire victims tackle insurance issues, is conducting a survey of fire victims. The group’s executive director, Amy Bach, says UP wants to gauge how...
As posted at: NBC Bay Area

September 6, 2018
Victims of the fires that destroyed thousands of homes in 2017 will not benefit from the changes. The California Legislature has approved homeowners insurance reforms designed to boost consumer protections. This is particularly important as Californians battle with wildfire risks for yet another year. Devastating wildfires have become the new normal throughout the second half of every year....
As posted at: Live Insurance News

September 4, 2018
The state Legislature has approved additional consumer protections for homeowner insurance to help Californians in the future as they grapple with greater statewide wildfire risks. The package of bills passed both chambers prior to summer adjournment on Saturday, despite resistance from the politically powerful property and casualty insurance industry. Most notably, industry lobbyists were able...
As posted at: The Press Democrat

September 2, 2018
September is National Preparedness Month, making now the perfect time to update your disaster-preparedness kit and family plan or visit Ready.gov to learn how to put one together. It’s also a great time to revisit your financial plan, with special consideration to how prepared you may be to weather unexpected events in your life – something that has become all too real for many Americans over the...
As posted at: Forbes

August 28, 2018
SANTA ROSA, Calif. (AP) - Nearly a year after California's most destructive set of blazes in state history, only a fraction of nearly 2,700 single-family homes lost in Santa Rosa- the hardest-hit city - have been rebuilt.      Santa Rosa City permitting data indicate only nine homes have completed construction as of Thursday, and another 520 are under construction.  ...
As posted at: ABC 6 News

August 27, 2018
During a freakishly potent storm two weeks ago, rainwater three inches deep rushed into retiree Robert Ferris's home in Brick's Greenbriar senior living community. More than 200 homes in Brick were damaged, along with a couple dozen in Howell, by floodwaters that day. These kinds of storms are becoming more regular, experts say, meaning that homeowners would be well served to consider another...
As posted at: Asbury Park Press

August 21, 2018
Last year’s California wildfires set benchmarks for costly destruction on a scale unheard of before, with the more than $12 billion in losses topping the combined tab for the state’s worst wildfires dating back decades. There are no estimates yet for losses from this year’s blazes. But halfway through the fire season, the state has already seen its largest fire ever with the...