Hurricane Earl Threatens East Coast: Do You Have Home Insurance?

August 31st, 2010 by Richard Adams

Home insurance should be the order of the day for homeowners on the East Coast bracing for Hurricane Earl’s arrival. While the storm has been reduced to Category 3, it is bringing dangerous rip currents and large swells that could severely damage coastal homes in North Carolina, Virginia and more states up the coast.

Earl is On His Way

For homeowners living on Okracoke Island on North Carolina’s Outer Banks, mandatory evacuations have already been ordered. The same goes for all visitors to Hatteras Island. The storm, which lost some of its punch early on Wednesday, is still a major threat with winds near 125 mph. It

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Hiring by insurers slowing

August 30th, 2010 by Steven Stewart

While insurance companies appear to be more conservative in their plans to add staff than they were six months ago, a new study shows that more than 39% of companies plan to increase staff in the next 12 months, with only 15% planning to trim their workforces in the same period.

The figures from the most recent Jacobson Group and Ward Group “Insurance Labor Market Study” compare with 44% of those surveyed in January indicating that they expected to increase employees and 13% indicating that they expected to decrease employees.

The figures still show improvement in hiring expectations over results from the July 2009 survey, when only 35% of companies expected to add employees and 21% expected to reduce staff in the 12 months ahead.

“To me, the great thing about this survey…is now we’re being able to see some trends in terms of how people are anticipating revenue growth and how that translates into hiring staff,” said Greg Jacobson, co-CEO of the Jacobson Group in Chicago.

The June and July survey of 118 U.S. propert Read more…

Private Insurance Market Pulling Back from National Flood Insurance Program

August 28th, 2010 by Richard Adams

A number of private insurance companies are reconsidering participation in the National Flood Insurance Program (NFIP) after a Congressional stall and massive losses. The future of the NFIP has been in question for some time as Congress looks at ways to provide flood insurance to individuals in need. However, after suffering through months of ups and downs in the insurance sector, some insurers think the best solution is to pull out.

NFIP Has Been on Shaky Ground for Some Time

The National Flood Insurance Program has been going through a series of changes for some time that has left it in a semi-fragile state.

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Understanding Home Insurance

August 27th, 2010 by Amber Collins

In today’s generation home insurance has created a mark among all other forms of insurance. Homeowner’s insurance policy provides insurance to personal possessions including the house garage and other structures of property against certain risk factors like theft or fire.

Typical Homeowners insurance policy has two main sections.

Section 1 includes the property of the insured and Section 2 includes the personal liability coverage that needs to be insured.

At times, lender might require homeowner’s insurance as part of requirement in obtaining a mortgage. While buying home insurance policy one has to keep certain important things in mind. One n

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