INSURASALES

Tag: Disaster Recovery

St. Louis Suspends Insurance Escrow Holdback for Tornado-Damaged Properties Until 2026

St. Louis suspends a 25% insurance escrow holdback on tornado-damaged properties, speeding access to full payouts through December 2026. Regulatory change supports property recovery efforts after the May 16 tornado.

Florida SB 180 May Raise Flood Insurance Costs by Limiting Mitigation

Florida's Senate Bill 180 aims to speed hurricane recovery but may increase flood insurance costs by restricting home elevation and stricter building codes, affecting thousands of homeowners and insurance markets.

Palisades Fire Victims Struggle with Insurance Payouts

Victims of the Palisades Fire face challenges with insurance payouts, receiving less than promised. California lawmakers are drafting reforms to address these issues.