Hurricane Michael 2018 News

Florida Insurance Agents Improvise to Stay Connected During Hurricane Michael Recovery

The page has finally turned on the tumultuous 2018 hurricane season, but for the agents who live and work in the Florida Panhandle the story isn’t over – personally or professionally. “We all still feel like we’re in hurricane mode …

Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims

Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers recovering from the major storm that devastated the Florida Panhandle in October. Florida …

Florida County Hit Hard by Michael Takes Out $50M Bond for Recovery

A county on Florida’s Panhandle has voted to take out a $50 million bond to help recover from Hurricane Michael. The News-Herald reports that Bay County Commission voted Nov. 20 to use the money to cover debris removal, stormwater system …

Florida Picks Up the Pieces from Powerful Hurricane Michael

It has been just over a month since Hurricane Michael slammed the Florida Panhandle as a Category 4 hurricane with wind speeds reaching just shy of Category 5 status. The devastation from the storm that killed at least 35 people …

Florida Insured Losses from Hurricane Michael Top $2B, And Growing

Total estimated insured losses from Hurricane Michael have reached more than $2.1 billion, according to the most recent data from the Florida Office of Insurance Regulation. The current number of claims from Hurricane Michael, a Category 4 storm that hit …

A Drive Through the Panhandle After Michael

You know that Hurricane Michael came through the Florida panhandle as a powerful Category 4 storm. In fact, when it made landfall, it was just 2 mph from being considered a Category 5 storm. It is the most powerful hurricane …

Karen Clark: Hurricane Michael Losses Could Reach $8B

Catastrophe modeling firm Karen Clark & Co. (KCC) estimates insured losses from Hurricane Michael will be close to $8 billion, according to the KCC high resolution U.S. Hurricane Reference Model. This estimate includes the privately insured wind and storm surge …

Market Changes Not Expected From Hurricane Michael; Florida Insurers ‘Heavily’ Reinsured

Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a path of destruction through several other Southeast states, will be substantial but not enough to cause problems for insurers or …

Hurricane Michael’s Destruction in Photos

Images compiled by Insurance Journal show the devastation to the Florida Panhandle caused by Hurricane Michael, which hit the region Oct. 10 as a Category 4 storm. Loss estimates range from $3 to $9 billion, according to catastrophe modelers, and …