Insured Losses in hurricanes News

My Safe Florida Condo Program Runs Out of Funding in One Week

Just a week after a pilot program for strengthening Florida condominiums was launched it reached maximum capacity and is no longer accepting applications. The overwhelming response could underscore the need for wind mitigation and could set the stage for more …

Update: Milton’s 152,000 Claims So Far Mean New Pressure on Reinsurance, Rate Hikes

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, …