Blog
The San Francisco Earthquake Of 1906: An Insurance Perspective
The earthquake and fire that devastated San Francisco on April 18, 1906, was one of the most significant natural disasters in the United States, as well as in the history of insurance. It produced insured losses of $235 million at the time, equivalent to $6.3 billion...
The Iroquois Theater Fire of 1903
On November 23, 1903, the Iroquois Theater opened in Chicago. Dubbed a “virtual temple of beauty” by the Chicago Tribune, the Iroquois was reportedly fireproof. In a rush to get the theater open quickly, however, the theater management did not finish many basic fire...
Florida’s Deadliest Hurricane: Okeechobee 1928
Hurricanes in Florida aren’t new, but recent technological advancements help save lives and reduce the extent of damages. Better medical equipment, better training, faster emergency response, sturdier structures, improved communication, and the ease with which people...
How Property Insurance Helped Victims After The Great Chicago Fire
When the worst imaginable disasters strike, insurance can be there to aid in the recovery process. For example, after the Great Chicago Fire wreaked havoc on the city in 1871, hundreds of dead and thousands of buildings were destroyed. Though the fire was devastating,...
Tornado Damage Insurance Claims in Oklahoma’s Tornado Alley
Living in Oklahoma means having to deal with insurance claims for tornado damage almost every Spring. The damage caused by tornadoes can be catastrophic. The aftermath can leave whole towns devastated. However, you can take comfort in knowing that a homeowners...
Largest Claims Event in Texas History
Texas storms can create massive damage. Hurricane Harvey currently holds the distinction of the state’s costliest storm. While the February 2021 freeze is already the largest winter storm, it is predicted to become “the largest claim event in state history” according...
What is Force-Placed Insurance and What Does it Mean for Homeowners?
Mortgage lenders require borrowers to carry insurance on their properties. They do this so they will be repaid if fire, windstorm, or some other disaster damages the property. If the borrower does not comply, the lender has the right to buy a policy and pass the cost...
What Are The Pros And Cons Of Reverse Mortgages?
Since the first reverse mortgage launch in the USA in 1961, homeowners have benefitted from this avenue for releasing equity from their homes to cover retirement costs or other expenses. The popularity of these loans may have peaked around 2008, but they are still...
Water Damage Insurance Claim Tips and What You Need to Know
When water damage strikes your home, stress levels may skyrocket. Dealing with the insurance claim process can seem overwhelming, but you’re not alone. According to the Insurance Information Institute, water damage is one of the most common causes of home insurance...
What are the different types of fire extinguishers? How do you use a fire extinguisher?
For each class of fire, the fuel, heat source, and chain reaction varies. This is why there must be different types of fire extinguishers depending on the class of fire. For instance, while a class A fire can be safely extinguished with water, a class C fire cannot,...