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The insurance carrier argued that some of the damage submitted in the claim was pre-existing and not caused by a storm.
Renters in these states can expect the most expensive coverage rates, according to Insurify.
The committee asked whether Citizens has contemplated requesting a federal bailout in the event of being unable to cover its claims.
U.S.-based companies accounted for 20 of the top 50 largest nonlife insurers worldwide.
The certified insurance service representative designation was designed as an intermediate-level program for customer service representatives.
Is selling a policy to a Delaware LLC sufficient to trigger jurisdiction in the state during a claim dispute?
Natural disasters continue to be the leading driver of business interruption claims, Allianz reports.
The federal maps are static and only periodically updated by the Federal Emergency Management Agency.
Both New York and New Jersey have adopted laws requiring the sellers of residential properties to tell buyers, and landlords to tell tenants, about known flood risks.
The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.