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...
Verisk’s Insured Loss Estimates From Helene in Line with Other Modelers October 8, 2024 Another important modeler has rung in with insured loss estimates from the damages wrought by Hurricane Helene. Verisk estimates industry...
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...
Moody’s Estimates U.S. Private Market Insured Losses for Hurricane Helene at $8B to $14B October 7, 2024 Moody’s RMS Event Response on Monday released an estimate showing total U.S. private market insured losses from Hurricane Helene could...
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...
The US’s Flood Insurance Program Is Making More Repeat Payouts October 4, 2024 By Matthew Griffin When Hurricane Helene barreled ashore last week, it caused devastating flooding across the southeastern U.S., including in the Shore Acres...
Mayorkas Warns FEMA Doesn’t Have Enough Funding to Last Through Hurricane Season October 4, 2024 By Kevin Freking And Colleen Long The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the...
Viewpoint: Elevating Claims Management by Taking Collaborative Approach With Clients October 4, 2024 By Zara Ismail Over the last 20 years, the role of the claims handler has evolved significantly, from a largely back-office function to...
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...