Latest Insurance brokerage News

Flood insurance costs rise in areas once deemed lower risk

Dec. 08, 2021 09:56 AM EST

WASHINGTON (AP) — In the past year, the southwestern Louisiana city of Lake Charles weathered two hurricanes, intense rainfall that sent water gushing down streets and a deep freeze that burst pipes. Yet Tommy Eastman may eventually drop coverage on his four-bedroom home — which...

Audit: Michigan unemployment error overpaid $3.9 billion

Nov. 18, 2021 15:06 PM EST

LANSING, Mich. (AP) — Shortcomings in the Michigan Unemployment Insurance Agency Office caused $3.9 billion in overpayments during the processing 5.4 million unemployment claims amid the COVID-19 pandemic, according to a state audit released Thursday. The agency's...

Deadline extended for flood claim proof for Hurricane Ida

Oct. 31, 2021 12:53 PM EDT

BATON ROUGE, La. (AP) — The Federal Emergency Management Agency is giving Louisiana flood insurance policyholders with damage from Hurricane Ida extra time to submit a proof of loss form and documentation about the damage. Usually, people have 60 days after the damage...