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...
Claims Confirm Hundreds of Israeli Buildings Marred by Iran’s Attack October 15, 2024 By Galit Altstein Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40...
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...
With Back-to-Back Storms, Florida Now Facing Delays in Claims Adjusting October 10, 2024 By William Rabb With Hurricane Milton now expected to produce several hundred thousand wind-damage claims and with the storm coming so soon on...
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...