Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to measure damage for the insurance industry. The …
The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. With soaring premiums and increasing exclusions, the need for an accurate assessment of these risks is more important than ever. The …
The head of one of the largest private flood insurance writers this week questioned an AM Best report that said private flood companies are failing to make significant inroads in America’s troubled flood market. “From 2020 through 2022, private insurers …
One week after Hurricane Helene barreled ashore, Florida is bracing for another round of heavy rainfall and strong winds from a tropical system brewing in the Atlantic. The potential storm could bring as much as a foot of rain to …
HORSESHOE BEACH, Fla. (AP) — Before Hurricane Idalia smashed into a small fishing village in northwestern Florida, Charles Long, 68, was fixing up a two-bedroom house for him and his wife. After the August storm, he found remnants of it …
More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds, a new report shows. The large number of at-risk homes in CoreLogic’s 2024 Hurricane Risk Report, which comes …
BAR HARBOR, Maine (AP) — Atlantic storm Lee made landfall at near-hurricane strength Saturday, bringing destructive winds, rough surf and torrential rains to New England and Maritime Canada. But officials withdrew some warnings for the region and predicted the storm …
Florida property insurers were keeping their fingers crossed Tuesday as the latest projections indicated that the worst of Hurricane Idalia may miss some of the most heavily populated parts of the state’s west coast. The National Hurricane Center predicted the …
Local and federal officials have agreed to a plan to study new ways to protect much of Miami from rising seas and storm surge in the decades ahead, measures that could include dune reinforcements, extensive mangroves and barrier gates at …
Two new hurricane forecast models promise to help property owners and insurers better predict the losses from storms that may be increasing in intensity as ocean waters continue to warm. The National Hurricane Center announced just ahead of the 2023 …
