Home Depot Raises Outlook on Hurricane-Fueled Demand November 13, 2024 By Jaewon Kang Home Depot Inc. lifted its forecast for a key sales metric after adverse weather propped up demand for home-improvement materials...
KBRA Says Florida Insurers Will Weather Helene and Milton; Cat Fund Can Handle Payouts November 4, 2024 By William Rabb Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit November 1, 2024 Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida,...
Allstate Turns in Net Income of $1.2B After Q3 Hurricanes October 31, 2024 By Chad Hemenway Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to...
Tennessee Eyes Claims Denials, Florida Offers to Check Contracts with Adjusters in Wake of Hurricanes October 31, 2024 By William Rabb Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene...
Program Uses AI to Send Cash Payments to 1,000 Households Hit by Hurricanes October 30, 2024 By Gabriela Aoun Angueira Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that...
Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton October 29, 2024 Liberty Mutual Insurance said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty Mutual...
Universal, AmCoastal Report Some Costs from Helene, Milton for Q3 October 28, 2024 By William Rabb One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane...
Florida’s Heritage Insurance Reports 5,400 Claims, $57M in Cat Losses From Milton October 24, 2024 By William Rabb More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in...
Claims from Hurricane Milton Continue to Rise in Florida — 221K and Counting October 22, 2024 Almost two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals...