Alex Kaplan, executive vice president for alternative risk at Amwins Group, discusses how parametric insurance differs from traditional insurance and the benefits it provides to policyholders.
The state is experiencing its toughest home insurance market since hurricanes Katrina and Rita in 2005, according to Insurance Commissioner Jim Donelon.
In a dispute over a homeowners insurance application, a U.S. Court of Appeals recently examined the meaning of the question whether an applicant "had a foreclosure."