What It Really Means When a 1-in-1,000-Year Rainstorm Hits October 18, 2024 By Lauren Rosenthal Officials called Hurricane Helene’s deadly rainfall and floods “biblical” and “generational.” But weather forecasters used another term: “once in 1,000...
CoreLogic: Insured Wind and Flood Losses from Milton $17B to $28B, Property Restoration Difficult October 17, 2024 By Don Jergler Estimates released on Wednesday from CoreLogic show that insured wind and flood losses from Hurricane Milton are expected to be...
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...
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...
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...
AccuWeather Estimates Damage and Economic Loss from Milton at $160B to $180B October 10, 2024 The total damage and economic loss from Hurricane Milton will be between $160 billion and $180 billion, according to a...
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...