Hurricane Florence News

Another $180M Approved for North Carolina Disaster Aid, Prep

Another $180 million in state funds are going to help with disaster recovery following hurricanes Matthew, Florence and Dorian and to prepare for North Carolina’s next storm. The state House and Senate voted on Thursday for a negotiated package that …

NHC: Hurricane Florence 9th Most Destructive Storm, Caused $24B in Damage

Hurricane Florence killed 22 people across three Southeastern states, was the ninth most destructive storm in terms of property damage in U.S. history and spawned 44 tornadoes, a report from the National Hurricane Center said Friday. The report described Florence …

Hurricane Florence Demonstrates Perils of Being Underinsured/Uninsured, Says RMS

Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. “The insured loss for Florence will be between $2.8 billion and …

Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap

The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market has been blamed on the …

Insurance Covered $90B of Natural Disaster Losses in 2018, Leaving 60% Protection Gap

The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses, according to an Aon report titled “Weather, …

California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re

The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re. A report from Munich Re on last year’s natural disasters pointed to “clear …

Insurance Journal Southeast’s Top Stories for 2018: Fraud, Hurricanes, Data Security Law

It was a busy year in the Southeast with two major hurricanes that wreaked havoc on the region, an escalating insurance crisis in Florida, and a new industry-specific cybersecurity law in South Carolina that takes effect Jan. 1, 2019. Here …

Pennsylvania Warns About Flood-Damaged Vehicles After Hurricane Florence

With automotive officials estimating that as many as 40,000 vehicles were damaged by flooding from Hurricane Florence, the Pennsylvania Insurance Department and the Pennsylvania Department of Transportation (PennDOT) are warning consumers to be on the lookout for flood-damaged cars being …

Dozens of Structures Damaged in Post-Hurricane Florence Storm in Virginia

Officials say more than 70 buildings have been damaged or destroyed during a storm that spawned at least 10 tornadoes in Virginia from the remnants of Hurricane Florence. The Richmond Times-Dispatch reports Chesterfield County was hit hardest Sept. 17, with …

More Rain Expected in Already Soggy South Carolina

The soggy remnants of Florence keep causing chaos in coastal South Carolina long after the hurricane swirled ashore, with rivers still flowing far beyond their banks and a new storm gathering more rain just offshore. Authorities urged up to 8,000 …