Study Shows That Flood Risks in the Northern U.S. are Growing
According to a study reported in the Insurance Journal, certain regions of the United States are seeing greater flood risks. Data from the University of Iowa indicates that flood threats are increasing in the northern U.S., including New England, but decreasing in the West and Southwest. To reach these findings, researchers examined water-height data for…
Stay Safe When Decking the Tree this Christmas
According to the National Fire Protection Association, each year, fire departments respond to an average of 210 structure fires caused by Christmas trees. Carefully decorating Christmas trees can help make your holidays safer. Picking the tree If you have an artificial tree, be sure it is labeled, certified or identified by the manufacturer as fire…
Survey Shows High Cost of Insurance is One Reason Many Want to Leave CT
A recent survey conducted by InformCT found that 40 percent of all Connecticut residents would like to move out of the state over the next five years. Data gathered over the second quarter of 2016 found that many residents are dissatisfied with Connecticut’s lack of job opportunities, difficult business conditions and higher-than-average health insurance costs….
What You Need to Know About Earthquake Insurance in Connecticut
Certain areas of Connecticut require flood insurance, but what about for earthquakes? In general, no homeowner is legally obligated to buy earthquake insurance, although some lenders may require it when you purchase property. As is the case with other natural disasters, standard homeowner policies do not cover earthquake-related damage. As a result, the homeowner must…
House Bill 5522 Could Raise Homeowners Insurance in Connecticut
According to a report in The Norwich Bulletin, House Bill 5522, now before the general assembly, has the potential to increase homeowners’ insurance premiums across the state. Proposed by Legislature’s Insurance and Real Estate Committee, HB 5522 focuses on the “crumbling foundation problem” that exists in northeastern Connecticut, but its effects could spread well beyond…
