Verisk Estimates Insured Losses for Hurricane Milton at Between $30B and $50B October 16, 2024 Insured industry losses to onshore property for Hurricane Milton will fall between $30 billion and $50 billion, according to an...
Milton’s 152,180 Claims So Far to Mean New Pressure on Reinsurance, Rate Hikes October 16, 2024 By William Rabb Property Insurance claims from Hurricane Milton had topped more than 152,180 by Monday, with some $1.9 billion in estimated insured...
Louisiana Contractor Charged for Allegedly Damaging Homeowners’ Roof October 15, 2024 By Ezra Amacher On an early August morning, a roofing contractor arrived at a Lafayette, Louisiana couple’s house and requested permission to inspect...
Moody’s Says Insured Losses for Helene and Milton to Hit $35B-Plus, KCC Puts Milton Loss at $36B October 14, 2024 Total U.S. private market insured losses from the Hurricanes Helene and Milton will likely range between $35 billion and $55...
Much of Milton’s Worst Damage Came From Wind, Not Water October 11, 2024 By David R. Baker, Lauren Rosenthal and Mary Hui Hurricane Milton’s devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops,...
Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation October 11, 2024 By William Rabb Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and...
Hurricane Milton Leaves Millions Without Power, Snarls Flights October 10, 2024 By Brian K. Sullivan Hurricane Milton roared ashore in Florida near Sarasota late Wednesday knocking out power to more than 3 million customers and...
With Back-to-Back Storms, Florida Now Facing Delays in Claims Adjusting October 10, 2024 By William Rabb With Hurricane Milton now expected to produce several hundred thousand wind-damage claims and with the storm coming so soon on...
Hurricane Milton Could Cost Insurers $60B, Raise Reinsurance Rates, RBC Says October 9, 2024 By Carolyn Cohn and Noor Zainab Hussain, Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance...
As Milton Nears, Flood-Proof Fences Will Face a Major Test in Tampa October 8, 2024 By Monique Mulima For the second time in two weeks, Tampa General Hospital is getting ready to keep water at bay. Hurricane Milton...