The aftermath of this year’s hurricanes includes massive reconstruction across the impacted areas, which in turn creates an increased possibility for construction defect claims that would affect the liability insurance market. When Hurricane Harvey swept over large portions of Texas, …
Even with one of the costliest hurricane seasons on record, large insurers in the U.S. tended to post third-quarter results that topped Wall Street’s estimates. The exception is American International Group Inc. AIG announced Thursday that its loss for the …
A tropical depression that could grow into a hurricane is forecast to strike the U.S. Gulf Coast late Sunday, potentially shutting down offshore oil and natural gas rigs and dealing another blow to citrus growers. The system off the Nicaraguan …
Officials across the state of Florida say the cleanup of debris left in Hurricane Irma‘s wake could last until the end of hurricane season. In the hard-hit Florida Keys, Monroe County officials say 400 members of the Florida National Guard …
Harvey, Irma and Maria have written new chapters into Atlantic hurricane history this past month, but the story isn’t over. Storms certainly will keep coming as the action now shifts to the western Caribbean Sea – Sandy’s birthplace. Storms Lee …
Following hurricanes Harvey and Irma, the Property Casualty Insurers Association of America (PCI) is encouraging Americans to increase their commitment to natural disaster preparation. A poll taken prior to the storms found that fewer than one quarter of Americans have …
The strongest hurricane to hit Puerto Rico in more than 80 years destroyed hundreds of homes, knocked out power across the entire island and turned some streets into raging rivers Wednesday in an onslaught that could plunge the U.S. territory …
With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by CoreLogic. Residential property flood loss is estimated …
This hurricane season is showing how wild and varied storms’ life cycles can be. Most storms seem to be tracked for days while others appear to pop out of nowhere. And some just linger around. Hurricane Jose is pushing the …
Hurricane Maria slammed into southeastern Puerto Rico as a Category 4 storm with the potential to inflict $30 billion in damages just two weeks after Irma ravaged the cash-strapped island. Top winds reached 155 miles (249 kilometers) per hour as …