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Hurricane Ian’s Insured Losses Estimated at Up to $63 Billion
The fallout from Hurricane Ian includes insured losses anywhere from $28 billion to $63 billion and lasting effects on insurance, infrastructure and real estate, according to estimates and commentary from catastrophe modeling firms...
Read MoreFlorida Governor Signs Property Insurance Reform Bill
Florida Governor Signs Property Insurance Reform BillOn May 26, 2022, Florida Gov. Ron DeSantis signed a bipartisan property insurance bill to provide some relief to consumers facing rising insurance costs within the state. This...
Read MoreJune is National Safety Month
The purpose of this event is to spread safety awareness to help prevent workplaceinjuries and fatalities. According to the Bureau of Labor Statistics, 4,764occupational fatalities and 2.7 million work-related injuries occurred in 2020...
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Wishing you and yours a happy and safe Thanksgiving holiday.
All of us at Underwood Anderson Insurance wish you and yours a happy and safe Thanksgiving holiday. Your celebration may be a little different this year due to the ongoing coronavirus pandemic, but we expect that it will not keep you...
Read MoreU.S. Postal Service delays have become a “Real Problem” in the insurance industry.
These delays due to the COVID-19 pandemic and an increase in package shipments have caused many consumers’ bill payments to be received late. In turn, this many times has led to late fees and/or cancellations of services. The...
Read MoreSpecial coverage for jewelry and other valuables
To adequately insure high value items, consider a floater A standard homeowners policy includes coverage for jewelry and other precious items such as watches and furs. These items are covered for losses caused by all the perils...
Read MoreFlorida Uninsured Motorist Coverage: Stacked vs. Unstacked
Uninsured motorist (UM) coverage is a component of an auto insurance policy that provides coverage for you, the policyholder, when you are involved in an accident with someone who does not have insurance. Underinsured motorist (UIM)...
Read MoreMerry Christmas & Happy New Year 2021
We at Underwood Anderson wish you and your family a Merry Christmas!
Read MoreChristmas Tree Safety
Christmas Tree Safety is one of those things you hear about every year, so much so that it becomes second nature & you really give it no thought of it actually occurring. It happens! Our own Underwood Anderson agency has had a claim...
Read MoreThe Connection Between Ransomware and Cyber Insurance Claims in 2020
Earlier this year, researchers reported a 715% rise in ransomware attacks in 2020, and new data is now showing that ransomware attacks are to blame for almost half of all the cyber insurance claims filed in early 2020. Coalition, a...
Read MoreASSIGNMENT OF BENEFITS ALERT:
Make Sure You Stay In Control of the Insurance Policy You Purchased and Paid For An Assignment of Benefits (AOB) agreement, once signed, transfers the insurance claims rights or benefits of your insurance policy to a third party,...
Read MoreAvoid deadly distractions behind the wheel
Not texting is a start, but there's more to safe driving Here's the bad news: Distracted driving causes thousands of accidents every year, many of them fatal. The good news? If you're driving, it's 100% preventable. You've seen them...
Read MoreThe Danger of Using Unlicensed and Uninsured Contractors
The Danger of Using Unlicensed and Uninsured Contractors One of the first principles of gambling is this: Never take a risk you can't afford to lose. Or, as Warren Buffett once said of an investment that went spectacularly wrong:...
Read MoreInsurance Claims In A Catastrophe
Needless to say, you are more than likely to be having some level of interaction with the adjuster for some portion of your personal or business insurance portfolio. -Jim Grace
Read MoreCyber Liability Insurance – What Is It?
A Cyber Liability Insurance policy is somewhat of a new concept – but in today’s world, it’s a “must-have” coverage for any business that uses technology. Like most businesses these days, your firm...
Read MoreJourney to Great Coverage
The water is open! Health officials are recommending people get outdoors and there is nothing better than a nice boat ride on a warm summer day. Fishing is one of the best ways to relax and reduce stress. Before you hit the water, make...
Read MoreUnderstanding Rate Increases in the Insurance Market
Understanding Rate Increases in the Insurance Market An excerpt from “State of the Property Market: 2nd Quarter Update 2020” published by John Rizzo, CPCU, ASLI Area Executive President RPS San Francisco This is easily the...
Read MorePLOTTING THE COURSE FOR HURRICANES AND INSURANCE CLAIMS
Hurricane season is already upon us here on the Gulf Coast and the peak of the season is fast approaching. As your insurance representatives, we are here to help you plot the course before a major storm makes landfall. Your personal...
Read MoreThe Danger of Being Insured with the “State Minimum”
Did you know that In the State of Florida the state minimum coverage for auto insurance is only $10K/$20K/$10K? This means this is 10,000 of bodily injury coverage per person, no more than 20,000 paid per accident, and 10,000 in...
Read MoreWhy Do I Need Business Insurance?
When starting a business, it is essential for an entrepreneur to make sure that all costs are being accounted for. Typically, startup costs include licenses, assets, inventory, and any other items one may need or want for their...
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