Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies’ shares, analysts at RBC Capital said. The Category 5 hurricane is due to …
The 11-year hurricane drought in Florida is officially over. While preliminary damage estimates and claims are still trickling in from Hurricane Hermine, Florida’s first named hurricane since 2005, the consensus from the insurance industry is it could have been a …
The big question in Tallahassee is whether you have power, and whether you think local officials are to blame for the grinding pace of restoring electricity following Hurricane Hermine. The rising anger played on social media and in the political …
Hurricane Hermine, the first hurricane to make landfall in Florida in 11 years, is not likely to have a significant impact on the financial condition of the Florida Hurricane Catastrophe Fund (FHCF) or Citizens’ Property Insurance (Citizens), according to Fitch …
Hermine, the first hurricane to strike Florida since 2005, has weakened to a tropical storm as it moves inland, after threatening soy and cotton crops and leaving large swaths of the region at risk of blackouts. Hermine’s top winds were …
