Category: Insurance Claims Losses
More bad news about Minnesota weather and it is not even winter related!
Posted: December 27, 2010
More bad news about Minnesota weather and it is not even winter related! Reporting Bruce Hagevik By Bruce Hagevik, NewsRadio 830 WCCO ALBERT LEA, Minn. (WCCO) – Minnesota had more reported tornadoes in 2010 than any state in the nation with 145. The preliminary numbers were issued by the National Weather Service’s Storm Prediction Center.Texas took second place with 105 reports. But there’s a difference...
Navigating The Auto Claim Process
Posted: December 14, 2010
Nobody ever wants to get into an accident. But should the unfortunate occur, your insurance company should be there to help you get back on the road. Claim practices can vary by company, so make sure to ask about the particular company's claim practices when purchasing insurance. Here are some of the most frequently asked questions we receive about the auto claim process. What should...
Minnesota Insurers May Face Worst Year Ever for Catastrophe Losses in 2010
Posted: December 2, 2010
This is more bad news about the property loss problems in the State of Minnesota. This is an article from BestWire about Minnesota insurance companies’ probable losses in 2010. This is bad news considering Minnesota is already the 3rd worse state for property claims. Expect to see double digit increases on homeowners’ insurance renewals and higher mandatory deductible minimums. OLDWICK, N.J. November 12, 2010 (BestWire) — Unusual...
Minnesota Homeowners Insurance Claim-Loss Problems
Posted: March 3, 2010
Minnesota was the third worst profitable homeowner’s insurance market in the nation for the decade that ended in 2008. Only Mississippi and Louisiana were worse. Insurance companies lost money in 8 of the last 10 years. What are the causes? Bad Weather: Hail Storms Wind Storms Tornados Pipe Bursting Cold Severe Snow Overall insurance carriers posted a 19.3% annual loss for the decade. In 2008...
