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...
Hurricane Milton Is About to End Tampa’s Century of Good Luck October 8, 2024 By Lauren Rosenthal, Michael Smith and Claire Ballentine Milton is on track to deal a devastating blow to Florida’s vibrant Tampa Bay region, potentially delivering the first direct...
Claims Analysis: Roofs Define Luxury Homes’ Insurability October 8, 2024 By Stephen Poux and Diane Delaney The insurance industry is facing a significant rise in roof-related claims. The combination of increasingly severe weather events, inflation-driven repair...
Utilities’ Extreme Plan to Stop Wildfires: Shut Off the Power October 7, 2024 By Mark Chediak A growing number of utilities are resorting to an extreme measure to prevent their equipment from sparking catastrophic wildfires: turning...
GM Halts Vehicle Production at Two US Plants Due to Hurricane Helene October 7, 2024 By Utkarsh Shetti and David Shepardson General Motors has temporarily halted truck and SUV production at two assembly plants in Texas and Michigan because of impacts...
CoreLogic Increases Total Insured Loss Estimate From Hurricane Helene to $10.5B-$17.5B October 4, 2024 Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to...