WHY REINSURANCE AND INNOVATION ARE THE ROOTS OF POLICYHOLDER PROTECTIONBy David Howard, Kate Friday and Kyle Menendez

This article was originally published by The Rough Notes Company, Inc. in the June 2021 Issue of Rough Notes Magazine/Florida Special Report and is republished with permission from the publication.   

Thomas Carlyle, the 19th century Scottish[...]

Over 300 years ago in 1686, some of the first documented product development was put into practice in Lloyd’s Coffee House in London.  From this common meeting place for sailors, merchants and shipowners, Lloyd’s of London has grown into the insurance market we know today. Back then, the simple written “marine product” provided much needed protection for valuable[...]

When you suffer damage to your home, your priority should be to ensure your and your family’s safety.  After you’ve done this, your next step should entail contacting your insurance provider to report any loss or damage. At this time, your provider will begin the claims process by filing a claim and providing you with the claim number. During this initial[...]

Insurance companies manage their risk in many ways. Risk Management can be accomplished by targeting certain regions or types of product offerings, introducing more conservative underwriting guidelines or individual risk evaluation, and by having others share in the risk for a fee. This risk/reward metric is used to stabilize growth, smooth financial results and[...]

If your home has suffered water damage, it is important to stop the source of water intrusion and remove the moisture as soon as possible to prevent any additional damage.  All water damage restoration jobs are unique, and a professional mitigation contractor can assist you in determining the work that is required to protect your home from continuing damage and[...]

As we enter Spring, we can look forward to warmer weather, allergies, and increased home selling and buying.  In the worlds of finance officers and accountants, putting the finishing touches on 2018 year-end financials and wrapping up audits, are keeping us busy.  Before we say goodbye to 2018, let’s look at Lighthouse’s 2018 financial year.

With so many different types of coverages, it’s easy to get confused. When you’re looking to insure your personal property, the most popular policies are Homeowners (HO3) and Dwelling Fire (DP3). While both provide sufficient coverage for your property, it’s important to know which type of coverage is the best for your home. Not only can the type of policy affect[...]

While double-checking that all items on your hurricane prep checklist are accounted for, take time to review your homeowner’s insurance company’s steps to file a claim. If a storm comes through and causes damage, the question is always “to file a claim or not to file a claim?” To help you make the best decision for your situation, we’ve put together some tips on[...]

Life happens. Home insurance is there to provide protection against the unexpected. When you’re dealt the short stick, it’s important to know your provider’s claim process. Regardless of your carrier, follow these three tips when filing a claim.

Between Hurricane Harvey and Hurricane Irma, there were over 95,000 paid losses reaching $8 billion in 2017. Many were shocked to learn that the flood damage to their home was not covered by their homeowners insurance and was left wondering “why?” The short answer? It’s a high risk.