hurricane claims News

How to Help Clients with Disaster Claims and Avoid Agency E&O Claims

In an online discussion on agency errors and omissions (E&O) exposures following Hurricanes Harvey and Irma, Florida Association of Insurance Agents’ (FAIA) David Thompson, insurance educator for more than 20 years, and Dan Britto, professional liability attorney with the law …

How Aerial Imaging Is Speeding Hurricane Claims Settlements

In the wake of three devastating hurricanes this season, many carriers and vendors used drones and airplanes to assess structural storm damage. This use of aerial imaging combined with machine learning has fostered speedier claims resolution, according to industry experts. …

North Carolina Debt Option Proposed by Lawmakers to Pay Catastrophic Claims

The state-sanctioned property insurance program in North Carolina coastal counties could borrow to pay for extreme catastrophic losses from hurricanes in legislation making its way through the General Assembly. The House Finance Committee recommended legislation creating a public authority that …

Louisiana Citizens Borrowing Plan Stalls in Bond Commission

State officials stalled a decision on whether Louisiana’s property insurer of last resort should borrow $100 million to help close an anticipated budget gap. The Bond Commission, which includes lawmakers and statewide elected officials, didn’t take any action on the …

Hurricane Isaac Insured Losses to Reach $1-$2 Billion: RMS

U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses, estimates catastrophe modeler Risk Management Solutions (RMS). This …

Florida Hurricane Fund May Come Up Short If Big Storm Hits: Panel

Florida may not have enough money to pay off hurricane insurance claims if a big storm hits this year. An advisory panel last Thursday concluded that the state may fall nearly $2 billion short of the total needed to cover …

‘Katrina’ Federal Judge Senter of Mississippi Retiring

U.S. District Judge L.T. Senter Jr., who presided over hundreds of Hurricane Katrina insurance cases, is retiring Friday. The Sun Herald reported that Senter and his staff have spent the week packing up his offices on the fifth floor of …