The Georgia Department of Insurance is ordering all insurers operating in the state to report claims information related to Hurricane Matthew. The storm, which began its path through Georgia starting Oct. 7, is estimated to have caused about $90 million …
Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for …
The Georgia Department of Insurance (GADOI) has released preliminary estimates of insured losses in the state from Hurricane Matthew. In a statement issued Thursday, GADOI said more than 30,000 claims have been reported and insured losses in Georgia has now …
On Friday, a catastrophe modeling firm slashed its estimate for insurance losses from Hurricane Matthew on Friday, as the storm skirted Florida but failed to make landfall. Kinetic Analysis had estimated the insured losses on Thursday at $25 billion, but …
A hurricane threatening the first direct hit on the United States in more than a decade could cause insurance losses of $25-30 billion and be the second costliest U.S. hurricane on record for insurers, according to initial industry estimates. Hurricane …
