Tornadoes are affectionately called “wind events.” Unlike hurricanes and floods, evaluating covered tornado damage is rather easy to assess. Most good home insurance policies include coverage for wind damage. See also: Common exclusions for homeowners insurance When you compare home insurance rates, try to be sure wind damage is covered in your quote. When evaluating [...]

The National Association of Realtors (NAR) is pushing for long-term reauthorization of the National Flood Insurance Program (NFIP), and recently testified before congress stating its case. “As the leading advocate for housing issues, NAR strongly supports reauthorizing the NFIP for a minimum of five years, and before the program is set to expire later this [...]

TALLAHASSEE — A House plan headed for a floor vote would take $50 million from cancer research programs — including $10 million for H. Lee Moffitt Cancer Center and Research Institute — and use it to help cover the state’s Medicaid bill. The $50 million comes from a portion of the $1 tax on a [...]

Ping An Insurance (Group) Company of China, Ltd. (601318.SH; 2318.HK), the second biggest Chinese insurance group in terms of market share and premiums, has launched a single-premium participating insurance product this month. Last month, the settlement rate of universal insurance of Ping An was merely 4.00%, lower than the five-year deposit rate after the central [...]

A new bill in Florida that could result in higher home insurance rates for state residents cleared a Senate committee last week. Senate Bill 1330 (SB 1330) would allow insurers to increase home insurance rates in Florida by up to 30 percent a year – without authorization from regulators. SB 1330 aims to deregulate Florida [...]