Hurricane Debby News

Florida Citizens’ Brass Tired of ‘Clickbait’ News on its Hurricane Claims Denials

Officials with Florida’s Citizens Property Insurance Corp. took issue Thursday with a number of national and Florida news reports that have suggested that the insurer has the “worst rate” on paying claims after recent hurricanes. “That’s just not accurate,” Citizens …

Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon

The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of at least $102 billion, according to Aon plc in its Q3 Global …

Florida’s Heritage Insurance Reports 5,400 Claims, $57M in Cat Losses From Milton

More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month. Tampa-based Heritage Insurance Holdings said in a preliminary statement that about two weeks after Milton made landfall …

Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report

Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re’s latest Nat Cat report. The total economic loss from natural perils in the first three quarters of …

Karen Clark Puts Insured Losses from Debby at $1.4 Billion

Hurricane Debby caused almost $1.4 billion in privately insured losses as it moved across the East Coast this month. That’s about half of the losses incurred in Hurricane Idalia, a stronger storm that followed a similar path almost a year …