Category: Insurance News

Every American home is getting a flood-risk score – and many are at higher risk than previously known

Posted: August 26, 2020

As Hurricane Laura bears down on the Gulf Coast, residents are preparing for what could be a historic storm surge. The potential for widespread flooding is high, but even after major storms like Hurricane Harvey in 2017, some homeowners in high-risk areas still do not have flood insurance. That’s because today’s federal flood maps, which guide insurance demand, are backward-looking and don’t factor in the...

Florida's new bill lets driverless cars be tested with minimal restrictions

Posted: June 17, 2019

All companies need is insurance and the ability to remotely monitor the vehicle Presently, there are few places where a company can test out its self-driving cars without the requirement of a human safety driver in the car ready to intervene, California being chief among them. The trouble with places like California is that they require a lot of governmental oversight and special permits, and...

AOB protects homeowners from unresponsive insurance companies | Opinion

Posted: April 22, 2019

n response to the Monday, April 8, Sun-Sentinel opinion editorial, “Why Florida ranks among the most expensive states for homeowners’ insurance,” by Logan McFaddin, I would argue assignment of benefits (AOB) is not the cause of higher rates, and that it protects homeowners from untrained and unresponsive insurance company preferred vendors. If you took the word of the insurance carriers, you might think that our...

How to Avoid a Messy Breakup With Your Car Insurance Company

Posted: April 8, 2019

Let's say you've been with your auto insurance company for a few years and don't give your policy -- or your rate -- a whole lot of thought. Don't get too comfortable! You might be missing out on a better deal with another insurer that offers lower rates or more car insurance discounts that you qualify for. With so many insurers competing for your business,...

Real-Estate Matters: Homeowners insurance comes with caveats

Posted: April 3, 2019

Q: I read your recent column (Jan. 27) about insurance coverage. In the past, I had three house fires that I had to deal with. None of these fires were my fault. Every time, I had problems with my insurance companies. In the column you mention that you had friends who had a $1 million homeowners replacement policy, and how the insurance company paid $2...