As with computer models that help predict risk from hurricane winds, insurers now have more than one model to use when gauging flood damage in storm-soaked Florida. The Florida Commission on Hurricane Loss Projection Methodology this month accepted three flood …
The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the hurricane season, Homeland Security Secretary Alejandro Mayorkas told reporters Wednesday. The agency is being stretched as it works with states …
Karen Clark & Co., the well-regarded storm modeling and analytics firm, estimated that privately insured losses from Hurricane Helene will be about $6.4 billion – from wind, storm surge and inland flooding in nine states. The figure includes residential, commercial …
State laws adopted in 2022 and 2023 may have stemmed excessive claims litigation in Florida, helping to stabilize the distressed property insurance market and slow rate increases. But premiums, which have doubled for some homeowners in recent years, are unlikely …
The head of a trade group for the exterior insulated panel industry has taken issue with a recent hurricane report by Karen Clark & Co., arguing that the report failed to point out that some of the products meet the …
