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IBHS Advises Home and Business Owners to Take 4 Steps to Prepare for Disaster during National Preparedness Month

The Insurance Institute for Business & Home Safety (IBHS) joins with the Federal Emergency Management Agency’s (FEMA) Ready Campaign and other organizations around the country to encourage home and business owners to take time during National Preparedness Month to reduce risk and be ready before natural disasters strike. IBHS recommends four simple steps to help get prepared

Federal Housing Administration’s Proposal Falls Short, Hits Borrowers Coming and Going

The Federal Housing Administration's mutual mortgage insurance fund plays a critical role in providing access to credit so that millions of Americans—many of whom are first-time buyers, come from low- and moderate-income backgrounds, or purchase homes in communities of color—can be successful homeowners. The FHA today proposed revised language on the lender certification of loan and borrower eligibility and lender disbarment.<

Palm Harbor Homes Builds First Hurricane-Resistant Modular Houses with IBHS’ FORTIFIED Home™ Building Standards

The Insurance Institute for Business & Home Safety (IBHS) and Palm Harbor Homes announced today Palm Harbor’s manufacturing facility in Plant City, Florida has earned a FORTIFIED Home™ – Hurricane manufacturing plant certification to construct and deliver the first-ever FORTIFIED Home labeled and disaster resistant modular homes in hurricane-prone regions.

PCI Says Don’t Wait, Communicate; Make Your Emergency Plan Today

With National Preparedness Month set to begin September 1, the Property Casualty Insurers Association of America (PCI) says this is the perfect time to contact your insurance agent or company and make sure you are properly covered for all natural disasters

Rohnert Park Health Center Celebrates Grand Opening

Rohnert Park Health Center will hold its Grand Opening Celebration and Ribbon Cutting on August 12 , during National Health Center Week. The celebration will be hosted by both the health center and the building owner, Meridian, and will feature keynote speaker Senator Ricardo Lara, the author of SB4, the Health for All Act.

Industry Experts Assail “One-Size-Fits-All” Insurance Regulation

The Property Casualty Insurers Association of America (PCI) today sponsored a policy briefing entitled “Does One Size Fit All? A Policy Discussion on Insurance, Regulation, and the American Economy” on Capitol Hill, where House Financial Services Committee members and industry experts discussed the potential effects of international standard setting on United States’ current state-based regulatory structure.

Property/Casualty Insurers’ Profitability Grows in First-Quarter 2015

Private U.S. property/casualty insurers’ net income after taxes grew to $18.2 billion in first-quarter 2015 from $13.9 billion in first-quarter 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing to 10.8 percent from 8.4 percent, according to ISO, a Verisk Analytics (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI)

Innovative Flood Insurance Program Legislation Introduced In Congress

Two U.S. Representatives from Florida, Patrick E. Murphy and Carlos Curbelo, introduced a bill that would allow states to approve private insurers to compete with the government-dominated flood insurance market.  They believe competition will result in better policies and pricing. In addition, they feel innovations involved in that process will ultimately ensure all flood insurance programs are better, including the National Flood Insurance Program

Two recipients selected for the David W. Lakamp a/e ProNet Scholarship

The American Institute of Architect (AIA) has selected Alyssa Tope, Assoc. AIA, and Edward Palka, Assoc. AIA, to receive the 2015 David W. Lakamp a/e ProNet Scholarship. The program, initiated by ProNet, a national association of insurance brokers who are committed to providing liability insurance and loss prevention to architects, is awarded to architecture students who demonstrate a particular interest in the principles of management in architecture practice. Tope and Palka will both receive $5,000 to use towards their tuition

Insurance Trade Joins Important Lightning Safety Campaign

We are now entering the hot summer months where pop-up thunderstorms and lightning are very common, especially in the southeast. However, in many homes and businesses across the country there is a little known risk of fire that can by triggered by lightning strikes.

MAYOR KEVIN JOHNSON, NATIONAL AND LOCAL LEADERS TO DISCUSS HOW TO SPUR JOB CREATION, ECONOMIC ACTIVITY, AND IMPROVED EDUCATIONAL AND HEALTH OUTCOMES THROUGH SACRAMENTO’S REVITALIZATION INITIATIVES

The Sacramento Promise Zone and Downtown Housing Forum

OPIC Board of Directors Approves Financing and Insurance for Eight Development Projects Worldwide

The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, approved financing and insurance commitments to support eight private sector-led development projects in Africa, Asia, the Middle East and Latin America.

Op-ed: Reasonable Lending Opens Door to Homeownership

Friday’s edition of Investor’s Business Daily carried an Op-Ed by RE/MAX CEO Dave Liniger supporting recent government policies that mark a return to more reasonable mortgage standards. Friday’s edition of Investor’s Business Daily carried an Op-Ed by RE/MAX CEO Dave Liniger supporting recent government policies that mark a return to more reasonable mortgage standards.

New Orleans Disaster Preparedness Workshops Feature IBHS Business Continuity Expert

Disasters of any type can be costly for businesses and even result in permanent closure. To help New Orleans businesses prepare for disasters, free workshops will feature Insurance Institute for Business & Home Safety(IBHS) business continuity expert Gail Moraton.

Ginnie Mae President Tozer Underscores Role of Housing in Building Economic Stability

Ginnie Mae President Ted Tozer, in a keynote address at the U.S. - China Innovative Urbanization and Housing Finance Roundtable in Shanghai, China, stated that “a vibrant and innovative housing finance system is the cornerstone of economic prosperity in the United States. And, it can be in China. This is something our nations share,” said Tozer. Tozer made the remarks to a group of government, academic, and industry leaders at the Shanghai Academy of Social Sciences

Four Ways Consumers Can Save on Homeowner’s Insurance

As consumers strive to continue making a living in the ever changing economic climate the urge to find ways to cut back and save are imminent. For homeowner’s in particular, the overall cost of the mortgage and property taxes can quickly become a burden. Adding to that burden is the expense of having insurance

Property/Casualty Insurers Continue Profitability but with Deteriorating Results

Private U.S. property/casualty insurers’ net income after taxes fell to $55.5 billion in 2014 from $63.4 billion in 2013, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus dropping to 8.4 percent from 10.2 percent, according to ISO, a Verisk Analytics (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI)

Let Rural Housing Service Provide Direct Endorsement Authority to Lenders, Say Realtors

The following is a statement by National Association of Realtors® President Chris Polychron in support of the Rural Housing Service and today’s testimony from RHS Administrator Tony Hernandez before the U.S. House Financial Services Subcommittee on Housing and Insurance

Insurance Tips in Aftermath of Mother’s Day Weekend Storms that Swept the Country

With the aftermath of Tropical Storm Ana, and the violent tornadoes that swept through Texas and Oklahoma the Property Casualty Insurers Association of America (PCI) wants to offer insurance recovery information to help in the wake of these storms

NAIC TESTIFIES BEFORE CONGRESS

Kevin M. McCarty, Florida Insurance Commissioner and past NAIC president, testified before Congress today on behalf of the National Association of Insurance Commissioners (NAIC). The hearing, titled "The State of the Insurance Industry and Insurance Regulation," was held by the U.S. Senate Committee on Banking, Housing, and Urban Affairs. His testimony focused on the need to coordinate insurance policy to protect American policyholders and benefit U.S. markets and companies.