Archives for Newsletters

Reasons Why You Should Consider Earthquake Protection for Your Home

Earthquake insurance is surprisingly affordable now. Deductibles are now lower than ever, 2 ½ %! There has not been major movement on the San Andreas Fault for over 159 years. Seismologists say the San Andreas fault is locked and loaded, ready to go off.   When this fault erupts it will certainly cause other faults to erupt as well. If your home is near or around a fault it could be disastrous. The reason for purchasing earthquake protection is that your homes equity will be protected. The more equity you have in your home, the more it makes sense to
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Demand for Liability Insurance to Rise Again:

View this article online: http://www.insurancejournal.com/news/national/2014/09/15/340428.htm Demand for Liability Insurance to Rise Again: Swiss Re Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Cyber risk, hydrofracking and autonomous cars will likely be among the drivers of liability claims in years ahead. Liability claims have been below trend in the weak economic growth environment of recent years, boosting insurers’ profitability despite declining prices. But their capital strength and underwriting expertise are competitive advantages for casualty insurers, says the insurer’s latest sigma study, “Liability claims
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Desktop Hurricane Tool Shows Storm Risk in Neighborhoods

When a hurricane comes ashore, there are so many dangers: tree-snapping winds, torrential downpours and even tornadoes spawned by the tempest itself. But it’s the wall of water that tropical systems push onto land, known as storm surge, that tops the list. “Storm surge has historically taken the most lives,” Rick Knabb, director of the National Hurricane Center, said by telephone yesterday. For the estimated 22 million Americans living in hurricane- prone coastal areas the question is: Am I at risk? A new online tool released by the hurricane center this week should provide some of the answers. Overlays showing
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Californians urged to prepare before the next big one hits

Understanding your risks and mitigation needs offers the best protection SACRAMENTO, Calif. – Today, more than 10 million Californians will participate in the largest disaster preparedness event ever when they drop, cover and hold on. Insurance Commissioner Dave Jones is reminding Californians to prepare before the next earthquake hits with a few simple steps that can save your life and help you recover from disaster. “You have the opportunity to prepare for the next disaster today, and make recovering easier,” said Commissioner Jones. “In observance of the Great ShakeOut I urge all Californians to make a preparedness plan and practice it. Before
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10 Deadliest Driving Distractions

Distracted driving endangers not only those behind the wheel but also their passengers, fellow road occupants and pedestrians. ln fact, drivers using hand-held devices are four times more likely to get into crashes serious enough to  injure themselves, a statistic that has led to them being banned in 11 states. The consequences of distracted driving can also be tragic. Teen drivers are more likely than any other age group to be involved in a fatal crash where distraction was cited. Although texting while driving (TWD) poses an enormous crash risk, with young adults listed as the most notorious offenders, it surprisingly did not
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Categories: Newsletters.

The Parameters of Flood Insurance

Wading Through Mud, Rising Lakes and the 45-Days Rule April 1 5, 201 3, By Christine Barlow, PropertyCasualty360.com Spring thaws take place in late February through early April; tornado season began on April 1st; and hurricane and wildfire season both commence on June 1st. That makes late spring and early summer “disaster season,” for lack of a better term. Tornados and wildfires, however, do not cause the coverage issues that spring floods and hurricanes do. With water, flood becomes the issue. No matter how many advertisements FEMA runs or how much advice agents provide, there are always people running uninsured because they opted out of
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Categories: Newsletters.

California Governor Signs Bill

Earthquake Insurance Information Bill Gov. Jerry Brown has signed Assembly Bill 2064, a bill aimed at changing the way Californians learn about earthquake insurance for their homes. Under California law, insurers that sell residential property insurance also must offer earthquake coverage to their policyholders. The current notice is the only required offer of earthquake insurance that policyholders ever get and hasn’t changed for 30 years. AB 2064, authored by Assemblyman Ken Cooley, D-Rancho Cordova, makes updates and improvements to the wording and contents of the mandatory offer of earthquake insurance. The bill also will require insurance companies that offer earthquake
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Copper Theft on the Rise

Copper Theft on the Rise Protect your property from this dangerous crime. Your rating:Select ratingGive it 1/5Give it 2/5Give it 3/5Give it 4/5Give it 5/5 It’s one of the fastest growing crimes in the country, and it’s not what you might expect. When your air conditioning unit is stolen, it’s not for the unit, but for its copper coils and pipes that thieves can sell to recycling companies and scrap yards. According to statistics from the National Insurance Crime Bureau, which tracks incidents of copper, aluminum, nickel, stainless steel and scrap iron theft, 25,083 claims were filed from 2009 to
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Storage Facility Know-How

Storage Facility Know-How What to ask and confirm before storing your possessions. Your rating:Select ratingGive it 1/5Give it 2/5Give it 3/5Give it 4/5Give it 5/5 Give it 1/5 Give it 2/5 Give it 3/5 Give it 4/5 Give it 5/5 Click a star to add your rating, with 5 stars being highest and 1 star being lowest. Total self-storage space in the U.S. is approximately 2.3 billion square feet, representing more than 78 square miles of space—or three times the size of Manhattan. That’s according to the Self Storage Association (SSA), the official trade organization of the self-storage industry. At some
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Categories: Newsletters.

Drivers in California Must Give Bikes 3-Foot Buffer September 17, 2014 -Insurance Journal Californians will now need to take extra care to steer clear of cyclists. Under statewide regulations taking effect Tuesday, drivers must give bikes a buffer zone of at least 3 feet while passing. A word from our sponsor: Catlin US offers specialty insurance and reinsurance products to our US and Latin American client base. Both our underwriters and claims staff have extensive knowledge and experience in their target markets and focus on delivering customized and innovative solutions with a high level of service. Cited violators will face a
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Categories: Newsletters.