SUNCORP has threatened to stop offering flood cover to residents of swamped areas or hike insurance premiums unless it can be confident the state’s dams will be managed properly.

Homeowner’s insurance is one of the most common types of insurance and one of the least understood. Many homeowners believe that their policies will cover them for practically any damage sustained to the house or contents.

aking flood insurance compulsory or coming up with a common definition of flood will not necessarily mean that insurers will offer it – nor will it make insurance more affordable, according to chair of the Institute of Actuaries of Australia’s (IAA’s) general insurance practice committee, Peter McCarthy.

The Federal Government has foreshadowed a mandatory deadline for insurance claims if the industry does not improve its performance.

A sweeping property insurance reform bill that benefits the industry is moving swiftly through the Florida Legislature.

The industry view on soaring home insurance premiums: People, you’re actually getting a break.

Here’s the math, supplied by Wayne Ross, vice-president of property claims for Aviva Canada, the country’s second-largest property insurer.

(AP:WASHINGTON) Federal regulators are proposing to exempt certain mortgages from new rules aimed at getting banks to take on more risk when package and sell mortgage investments.

Some residents of Melody Ranch and Rafter J may need to purchase additional insurance as flood season approaches.

This spring marks the first season that about 80 new homes south of town are included in a new floodplain zone around Flat Creek.

Richburg, SC –

A wildfire simulation Thursday at a one-of-a-kind test facility in Richburg, S.C. provided some valuable lessons for homeowners.

The Insurance Institute for Business and Home Safety’s facility is the only one in the world in which full-size homes can be subjected to hurricane-strength winds, flying embers, rain and hail

Hundreds of Marana residents are getting letters in the mail alerting them their flood status is about to change.

The Federal Emergency Management Administration has finalized new Flood Insurance Rate Maps.