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Michael, A Category 4, Could Become The Strongest Hurricane On Record To Strike The Florida Panhandle

Hurricane Michael rapidly gained strength in the warm waters of the Gulf of Mexico Tuesday night and continued to intensify Wednesday morning, threatening to become the most intense hurricane on record to strike the Florida Panhandle. The dangerous Category 4 hurricane has winds up to 145 mph, and is predicted to make landfall Wednesday afternoon.
October 10, 2018 Catastrophe Property Alabama Florida Georgia Louisiana Mississippi

Evacuations Ordered As Florida Braces For Hurricane Michael

Residents of northwest Florida had until early Tuesday to leave their homes ahead of Hurricane Michael, forecast to crash ashore midweek as a major Category 3 storm with "life-threatening" flash flooding possible.
October 9, 2018 Catastrophe Property Alabama Florida Georgia Louisiana Mississippi

As Storms Keep Coming, FEMA Spends Billions in ‘Cycle’ of Damage and Repair

In the exact spot where Hurricane Katrina demolished the Plaquemines Parish Detention Center, a new $105 million jail now hovers 19 feet above the marsh, perched atop towering concrete pillars. Described by a state official as the “Taj Mahal” of Louisiana corrections, it has so much space that one of every 27 parish residents could bunk there.
October 8, 2018 Catastrophe Fraud

The 7 Most Common Home Insurance Claims That Make Premiums Spike—and How to Avoid Them

To many homeowners, home insurance is just another bill to pay. But when disasters happen, this extra layer of protection can serve as your lifeboat—and simultaneously, your worst nightmare.
October 8, 2018 Auto Catastrophe Property

Major Insurer Makes Strategic Investment In Drones

The Travelers Companies, a major national insurer, has made an undisclosed but apparently substantial investment in drone operations software company Kittyhawk. The investment strengthens a partnership between Kittyhawk and Travelers and signals a deepening reliance on drones to assess property claims in the insurance industry, particularly after natural disasters.
October 5, 2018 Catastrophe Property Risk Management Technology

Is Katrina Still The Costliest Hurricane Of All Time? It’s Complicated.

Despite the monster storms this hurricane season and in 2017, Katrina remains No. 1 on the list of costliest hurricanes. But a twist on the list, with today’s population calculated into historic storms, puts a Florida storm in the top spot, with Katrina at No. 3 and Florida storms otherwise dominating.
October 3, 2018 Catastrophe Florida Louisiana Mississippi

Global Insurer Profitability Grows, Even As CAT Losses Soar

Although 2017 — fraught with catastrophic incidents — was one of the costliest years on record for the global insurance industry, Aon’s new report has found that insurers’ capacity to meet their losses continues to grow.
September 28, 2018 Catastrophe Risk Management

Pee Dee, South Carolina Residents Filing Hurricane Claims For Wind Damage

Many home and business owners in the Pee Dee are filing insurance claims to help pay for the damage that Hurricane Florence left behind. One of those businesses is Latta Feeding Farms. The owner, Jamie Deaver, says it wasn’t floodwaters that damaged his store, it was the wind.
September 27, 2018 Catastrophe South Carolina

Government-Sponsored Lenders Have $205 Billion Of Uninsured Earthquake Risk

Earthquakes are among the most devastating and economically destructive natural disasters, with the 1994 Northridge earthquake still ranking as the fifth-costliest disaster in U.S. history. Yet unlike other common perils such as floods, fires and windstorms, the overwhelming majority of earthquake risk in the U.S. is completely uninsured.
September 26, 2018 Catastrophe Legislation & Regulation Property

Leveraging Technology To Save The Day For Policyholders

Now that Hurricane Florence has pummeled the southeastern coastline with dozens of inches of rain, lashing winds, and flooded rivers, homeowners and insurers are scrambling to survey the damage to properties.
September 25, 2018 Catastrophe Property North Carolina South Carolina

Thousands Urged To Flee Ahead Of Post-Florence Flooding In South Carolina

As many as 8,000 people in and around the city of Georgetown, South Carolina, have been urged to evacuate ahead severe flooding expected this week from two rain-gorged rivers in what may be the final destructive chapter of Hurricane Florence.
September 24, 2018 Catastrophe Property North Carolina South Carolina

South Carolina County Prepares For Flooding A Week After Florence

Residents in Georgetown County, South Carolina, where five rivers flow into the ocean, will prepare on Friday for a deluge of water in the aftermath of Hurricane Florence, which has killed more than 40 people.
September 21, 2018 Catastrophe Property North Carolina South Carolina

Factors Contributing To Flood Risk: A Comparison Of Hurricanes Lane And Florence

In the days following Hurricane Florence’s assault on the south-eastern coast of the US, some experts are already predicting $2.5 billion in insured losses. However, this wasn’t the season’s first severe storm — Lane hit Hawaii just a few weeks before and while the devastation wasn’t as significant on the island, the hurricane did outpace Florence in some metrics.
September 20, 2018 Catastrophe Hawaii North Carolina South Carolina

Millions Of Farm Animals Perish In North Carolina Floodwaters

North Carolina estimated on Tuesday that 3.4 million poultry birds and 5,500 hogs died in Hurricane Florence, exceeding the number killed in the state’s last major hurricane two years ago.
September 19, 2018 Catastrophe Property North Carolina

Did ’Downgraded’ Florence Contribute To A False Sense Of Security?

From 1 to 5, the numbers we use to categorize hurricanes are ingrained in the minds of millions of Americans from Texas to Maine. But the famed 47-year-old Saffir-Simpson hurricane wind scale, which only measures wind speed, may not be the best way to gauge a storm’s ferocity.
September 19, 2018 Catastrophe Property North Carolina South Carolina
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