President Joe Biden has told insurance companies dealing with Louisiana property owners not to “hide behind the fine print and technicality” when it comes to paying people what they’re owed for damage claims resulting from Hurricane Ida. “I’m calling on private insurance companies: Don’t hide behind the fine print and […]
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Gulfstream Property & Casualty’s liquidation forces 33,000 policyholders to find alternative cover
Some 33,000 policyholders in Florida are being forced to find coverage elsewhere, since their insurer Gulfstream Property & Casualty has gone into liquidation. The Sarasota, FL-based Gulfstream went into liquidation on July 28. It came just a month after the state Office of Insurance Regulation (OIR) placed Gulfstream under its […]
Insurance industry feels the heat on cover for fossil fuels
The spotlight on the insurance industry’s support of fossil fuel projects is proving so searing that the names of some of those involved have been scrubbed from the record. Canada’s Trans Mountain, the operator of a pipeline that takes crude from the oil sands of Alberta to the west coast […]
Does homeowners insurance cover roof damage?
When it comes to roof damage, homeowners insurance can help you reduce out-of-pocket expenses. However, not everything is covered. Here’s what homeowners need to know about roof damage coverage. (iStock) There’s no doubt that home insurance can be complicated. Knowing what kind of coverage you have for different situations — […]