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Posts Tagged ‘Virginia’

Tornadoes, Fires And Hail Keep Insurers Busy

April 21st, 11

Tornadoes in the Carolinas and fires in Texas are making for a busy time for insurance companies. In Texas, Nationwide Mutual Insurance Co and Allied Insurance have representatives and agents ready to assist customers with damage claims due to wildfires or hailstorms that have recently impacted the state.

According to the companies, the Nationwide claims hotline is 1.800.421.3535. That number will help policyholders reach their local agent. Allied Insurance customers are asked to call the Allied claims hotline at 1.800.282.1446. “Right now our claims numbers are moderate, but we expect them to increase as customers have an opportunity to assess the damage caused by the wildfires burning in the Dallas/Fort Worth area as well as the recent severe hailstorms,” said Terrance Williams, regional vice president of Nationwide’s Central Plains Region, in a news release. “We’ve taken steps to ensure a quick response to customers who report claims from these events.”

In the south where tornadoes ripped through last Saturday, adjusters have descended on the area to collect claims. As of Wednesday morning State Farm Mutual Automobile Insurance Co had received about 400 claims from Virginia homeowners and 2300 in North Carolina, according to The Virginia Pilot. A State Farm spokesman told the newspaper that most of the Virgina claims had come from Gloucester County where a storm stripped an 8 1/2 mile path of homes and businesses. “We do expect both of those numbers to increase as people get power and get themselves collected,” spokeswoman Amy Preddy told the newspaper. “Most of them are homeowners claims due to wind damage, falling trees. But we have seen some auto claims resulting from hail damage.”

Tags: Disaster Accident, mile, busy time, Mutual, wildfires, Virginia
 

North Carolina Contemplates 13% Car Insurance Rate Increase

August 7th, 08

At the beginning of this year, the North Carolina Rate Bureau, speaking for the interests of North Carolina’s auto insurance providers, asked the North Carolina Department of Insurance–a state agency–to issue a ruling increasing North Carolina drivers’ auto insurance rates by a mean of 13%. The Department of Insurance did not begin its decision-making process regarding the proposed increase until the end of June. Now, auto insurance policy-writers based in Virginia are waiting for a decision from the North Carolina Department of Insurance, which is not estimated to come before the middle of August.

Tags: Service industries, insurance commissioner, Virginia, standard insurance, Carolina Rate Bureau