Hurricanes Helene and Milton devastated swaths of the southeastern US by bringing too much water. Now, communities are struggling with the opposite problem: too little of it. The North Fork Water Treatment Plant supplies most of the drinking water to …
Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and Milton. The orders, seen here and here, are in line with similar actions taken after hurricanes. The orders: Extend grace …
Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In keeping with its initiative to announce monthly catastrophe losses that total at least $150 million, the Northbrook, Illinois insurer said …
The death toll from Hurricane Milton has risen to at least 25, including an elderly man who died from smoke inhalation after a golf cart battery exploded when submerged by rising floodwaters. Local newspapers reported that the man in Charlotte …
Nearly two weeks after Hurricane Helene downed power lines and washed out roads all over North Carolina’s mountains, the constant din of a gas-powered generator is getting to be too much for Bobby Renfro. It’s difficult to hear the nurses, …
Property Insurance claims from Hurricane Milton had topped more than 152,180 by Tuesday, with some $1.9 billion in estimated insured losses. That’s already more than the claims and losses reported for Helene, which made landfall in Florida two weeks earlier, …
Moody’s RMS said private insurers can expect to dole out between $35 billion and $55 billion for hurricanes Milton and Helene. A final industry-loss estimate for Hurricane Milton, a Category 3 that struck Siesta Key, Florida on October 9, will …
Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week. Hurricane Helene made landfall as a Category 4 major hurricane west-southwest of Perry, Taylor County, Florida on Sept. 27, with …
With Hurricane Milton now expected to produce several hundred thousand wind-damage claims and with the storm coming so soon on the heels of Hurricane Helene, industry leaders are bracing for significant delays in claims adjusting. “We’re competing with Helene,” said …
Catastrophe modeler Verisk predicted wind, storm surge and flooding from last month’s Hurricane Helene will cause insured losses of between $6 billion and $11 billion. The estimate does not include losses to the National Flood Insurance Program (NFIP), Verisk added. …
