Two of the largest U.S. property/casualty insurers drummed up communications to policyholders following the passing of Hurricane Irene this week. Up to 100,000 insurance claims covering as much as $4 billion in damages are expected to be filed in the coming weeks as a result of the storm and its continuing damage, according to the Wall Street Journal.
Allstate Insurance Co. is helping policyholders better understand claims that may or may not apply to flood coverage. The company issued a statement yesterday advising consumers that if they need to file an insurance claim following floods as a result of the hurricane, and they have a policy through the National Flood Insurance Program (NFIP), in many cases they can contact their private insurance company, such as Allstate, to begin the claims process.
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