KBRA Says Florida Insurers Will Weather the Storms; Cat Fund Can Handle Payouts November 1, 2024 By William Rabb Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
Hurricane Beryl Caused $2.5-$4.5B in Estimated Insured Losses, Says Moody’s July 16, 2024 By Ezra Amacher U.S. insured losses from Hurricane Beryl will likely fall between $2.5 billion to $4.5 billion, according to estimates by Moody’s...
Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season July 12, 2024 By Ezra Amacher Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing...
Are Billions in Wind Mitigation the Answer for Florida’s Insurance Problems? December 18, 2023 By William Rabb While Florida’s property insurance landscape appears to be leveling out, much more funding is needed to fortify homes against hurricane...
Florida Lawmakers Approve Expanded Wind-Mitigation Program May 3, 2023 By William Rabb More rich and more poor residents will qualify for home-hardening grants under an expanded My Safe Florida Home measure approved...
All The Latest Insurance Company Estimates: Hurricane Ian Losses October 21, 2022 Just a few days into earnings season for the third quarter, a number of carriers have published loss estimates for...
How Climate Change May Affect Hurricane Risk and Losses: AIR, Brookings, AXIS January 19, 2021 By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or...
RMS Estimates Insured Losses from Hurricane Isaias at $3-$5 Billion August 17, 2020 Estimated total insured losses from Hurricane Isaias will be between $3.0 and $4.5 billion in the U.S. This includes estimated...
East Coast’s Insured Loss From Tropical Storm Fay to Tally Near $400 Million: KCC July 15, 2020 The insured loss from Tropical Storm Fay will be close to $400 million, according to catastrophe risk modeling firm Karen...
Insurers Continue to Cover Beach Resorts Despite Spate of Caribbean Hurricanes September 25, 2019 By Patrick Clark Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and...