Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of post-catastrophe property damage, based on the use of ultra-high-resolution imagery. This proof of concept …
Hurricane Ida’s thrashing left homes in mangled heaps across southeastern Louisiana, but in an uncomfortable twist, the storm might have been a boon to southwestern parishes still struggling to recover from last year’s Hurricane Laura. Ida’s path of destruction through …
The Allstate Corporation estimates catastrophe losses for August 2021 at of $876 million or $692 million, after-tax. The bulk of those losses are the result of Hurricane Ida and the majority occurred in Louisiana, the company said. Catastrophe losses for …
Insurance companies could face fines or be suspended from doing business for refusing to comply with Louisiana Insurance Commissioner Jim Donelon’s order to cover the temporary living expenses of policyholders who evacuated during Hurricane Ida. But the one thing Donelon …
Among the many tragic stories in the aftermath of Hurricane Ida are the deaths of seven Louisiana nursing home residents who were evacuated to a warehouse where health inspectors say conditions quickly became unsafe once the storm struck. The squalid …
Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon’s monthly Global Catastrophe Recap report, which evaluated the impact of natural disaster events worldwide during August …
Pennsylvania Governor Tom Wolf is asking President Biden to declare a major disaster in Pennsylvania due to heavy rains, severe flash flooding and tornadoes in the commonwealth last week from the remnants of Hurricane Ida. The governor is seeking a …
Louisiana’s top insurance regulator on Sept. 7 directed insurance companies pay policyholders’ Hurricane Ida evacuation expenses as damaged infrastructure and dangerous living conditions in Southeast Louisiana keep people from returning home. Directive 218, issued by Insurance Commissioner Jim Donelon, requires …
Joe Sobol, owner of Big Easy Construction in New Orleans, has bad news for homeowners who’ve been calling about roofs damaged by Hurricane Ida or to get an update on renovations that were scheduled before the storm ripped through the …
Weather disasters are striking the world four to five times more often and causing seven times more damage than in the 1970s, the United Nations weather agency reports. But these disasters are killing far fewer people. In the 1970s and …
