North Carolina Gov. Roy Cooper is seeking nearly $1 billion from Congress to help North Carolina counties still recovering from Hurricane Matthew more than six months after it caused massive inland flooding and killed 28 people. The new funding request …
In September, Hurricane Hermine broke Florida’s hurricane drought that had lasted since 2005. The category 1 storm hit the Florida Panhandle, bringing significant storm surge to the Tampa Bay area before slowly traveling up the Eastern Seaboard. The storm weakened …
Citizens Property Insurance Corporation expressed satisfaction with its response efforts to the first hurricanes to hit Florida in more than a decade as the end of the 2016 hurricane season officially ended Nov. 30. “Policies and procedures put in place …
More than two weeks after Hurricane Matthew hit North Carolina, some areas are still flooded and others are beginning the long process of recovery. In North Carolina, the hurricane dumped more than a foot of rain 100 miles inland, causing …
A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in place to effectively absorb this event, according to a new briefing from …
Anita Van Beveren has been returning day after day to watch the brown floodwater creep toward the rental home she shares with her two teenage children. While she got many belongings out, they couldn’t move everything – a bicycle is …
It’s been nearly a week since Hurricane Matthew ravaged the Southeast coast but the insurance industry’s job of responding to the devastation and assessing the total cost of damage from the storm is just beginning. With flood waters still rising …
Flooding in the aftermath of Hurricane Matthew has displaced several thousand people in North Carolina, and authorities were helping more evacuate on Tuesday as swollen rivers threatened a wide swath of the state. Governor Pat McCrory warned of “extremely dangerous” …
Citizens Property Insurance Corp. is urging its policyholders to call Citizens first to report losses following Hurricane Matthew in order to protect themselves from assignment of benefit (AOB) scams, according to a statement from the company. “Citizens is ready to …
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 …
