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...
Report: Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
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...