Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton October 28, 2024 Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty...
Florida’s Heritage Insurance Reports 5,400 Claims, $57M in Cat Losses From Milton October 24, 2024 By William Rabb More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in...
Asheville’s Dirty Water Warns of Climate Risk to Aging US Infrastructure October 18, 2024 By Kendra Pierre-Louis, Zahra Hirji and Michael Smith Hurricanes Helene and Milton devastated swaths of the southeastern US by bringing too much water. Now, communities are struggling with...
Florida OIR Extends Order, Barring Policy Cancels or Nonrenews Until Dec. 10 October 18, 2024 Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene October 17, 2024 Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In...
Florida Man Dies From Smoke After Golf Cart Battery Fire in Milton Flooding October 17, 2024 The death toll from Hurricane Milton has risen to at least 25, including an elderly man who died from smoke...
Volunteers Bring Solar Power to Hurricane Helene Disaster Zone October 15, 2024 By Gabriela Aoun Angueira Nearly two weeks after Hurricane Helene downed power lines and washed out roads all over North Carolina’s mountains, the constant...
Update: Milton’s 152,000 Claims So Far Mean New Pressure on Reinsurance, Rate Hikes October 15, 2024 By William Rabb Property Insurance claims from Hurricane Milton had topped more than 152,180 by Tuesday, with some $1.9 billion in estimated insured...
Combined Losses From Milton and Helene to Be $35B-$55B: Moody’s RMS October 15, 2024 Moody’s RMS said private insurers can expect to dole out between $35 billion and $55 billion for hurricanes Milton and...
Group of Scientists Say Climate Change Drove Helene Impacts October 11, 2024 By Don Jergler Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week....