HCI Group Expects to Pay $600M to $750M in Claims from Recent Hurricanes October 17, 2024 Publicly traded HCI Group, the Tampa-based holding company for Homeowners Choice Property & Casualty, TypTap and a new condominium insurance...
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...
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...
AccuWeather Increases Total Damage and Economic Loss Estimate From Helene to Between $225B-$250B October 3, 2024 AccuWeather has increased its estimate of the total damage and economic loss from Hurricane Helene in the U.S. to between...
Modeler KCC Puts Privately Insured Losses at $6.4B From Helene October 3, 2024 Privately insured losses from Hurricane Helene will be about $6.4 billion from wind, storm surge and inland flooding in nine...
Biden to Deploy 1,000 Troops to Aid North Carolina After Helene October 2, 2024 By Akayla Gardner President Joe Biden said he directed the Pentagon to send up to 1,000 active duty troops to help with recovery...
Hurricane Helene Halts Poultry Plants, Damages Cotton Crops September 30, 2024 By Gerson Freitas Jr. and Ilena Peng Hurricane Helene has halted chicken processing plants and caused severe damage to some flocks, while also downing pecan trees and...
More Than 250,000 U.S. Properties Reported to Have Repeated NFIP Claims September 19, 2024 By Ezra Amacher More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program...
Survey: People Open to Higher Premiums to Subsidize Higher-Risk Individuals—Sometimes September 16, 2024 A surprising percentage of people are open to paying higher insurance premiums to subsidize higher-risk individuals, but only when they...
Cooler Weather Helping Fight Large Southern California Wildfire September 13, 2024 Cooler weather is aiding the fight against a large Southern California wildfire, one of three large fires in the region....