Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for …
Authorities say looters broke into dozens of Beaufort County, S.C., homes after residents evacuated the area to flee from Hurricane Matthew. Citing incident reports, The Island Packet of Hilton Head reports that 47 burglary cases were reported to the Sheriff’s …
Florida’s streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating officer of the Florida Hurricane Catastrophe Fund, said preliminary …
Flooding spawned by Hurricane Matthew has caused $1.5 billion in damage to 100,000 homes, businesses and government buildings in North Carolina, according to a state estimate. The figure released late Saturday represents one of the first detailed analyses of damage …
Waist-deep floodwaters from Hurricane Matthew coursed down the street in Pooler and seeped under Lori Galemore’s doors, swamping the carpets and furniture as she and her three sons retreated upstairs, where they stayed until firefighters arrived by boat. Galemore and …
There will be plenty of large-scale reconstruction to do in the wake of Hurricane Matthew, which has been blamed for dozens of deaths since it made its first U.S. landfall Friday and is still causing catastrophic flooding throughout eastern North …
For a storm that inflicted less damage than many had feared, Hurricane Matthew nevertheless impaired or destroyed more than 1 million structures, forced businesses from Florida to North Carolina to close and put thousands temporarily out of work. In many …
A total of $170 million is the estimate of losses to date related to Hurricane Matthew in the state of Florida, according to the Florida Office of Insurance Regulation. So far, residential property claims make up the majority of claims …
With helicopters overseeing the rescue operation from above, volunteer firefighters turned their military-surplus truck with 4-foot tires into the dark flood waters to cruise past a mortuary, grocery and homes in part of this North Carolina city inundated by the …
Experts estimate insured losses from Matthew, the second major hurricane of 2016, to range between $6 and $10 billion. Fitch Ratings estimates that if the storm results in insured losses in excess of $10 billion, a greater proportion of losses …