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Flood Insurance Program Extended to 5/31/2010

According to the Insurance Journal the National Flood Insurance Program has been reauthorized but only through May 31, 2010.  The authorization was retroactive back to 02/28/2010.  So, for a brief time, it will be business as usual. It is of great concern to me that the program could again go into...

California Homeowners Insurance-Replacement Cost

Is your home insured to Replacement Cost?  According to the Insurance Journal, the California Department of Insurance is proposing regulations to ensure that homeowners have more accurate replacement values for their homes as under-insured homes are becoming a problem. With the recent down turn in the real estate market there is...

Speed Kills

I recently met with a trucking prospect whose experience mod took a serious increase from 99 to 128%. The cause of this issue was one smaller claim (total incurred of $3,600) that was left open with more than half of the incurred being reserves. Now, reserve levels should be looked at...

California Earthquake Insurance Update

When an Earthquake occurs, and is of a magnitude where property damage may occur, insurance companies may put a moratorium in effect for any new business in that area. The moratorium will stay in effect until aftershocks have passed. With the recent 7.2 earthquake in Baja California several companies have...