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Monstrous Hurricane Irma Kills 14 In Caribbean, Heads For Florida

The eye of Hurricane Irma grazed the Turks and Caicos Islands on Thursday, rattling buildings after it smashed a string of Caribbean islands as one of the most powerful Atlantic storms in a century, killing 14 people on its way to Florida.
September 8, 2017 Auto Catastrophe Marine Property Florida

Most Florida Flood Zone Property Not Insured

As Hurricane Irma bears down on Florida, an Associated Press analysis shows a steep drop in flood insurance across the state, including the areas most endangered by what could be a devastating storm surge.
September 7, 2017 Catastrophe Property Florida

Florida’s Citizens Property Insurance Is Ready For Irma

A decade-long lucky streak of decent weather that helped rescue one of Florida’s biggest home insurers from collapse could come to a wet, violent end if predictions about Hurricane Irma prove true.
September 7, 2017 Catastrophe Property Risk Management Florida

There Are Now Three Hurricanes In The Atlantic Basin

All eyes are on Hurricane Irma as it rampages through the Caribbean, but it’s not alone. Tropical storms Jose and Katia strengthened Wednesday afternoon, bringing the number of hurricanes churning in the Atlantic basin to three.
September 7, 2017 Auto Catastrophe Excess & Surplus Lines Marine Property Florida Georgia North Carolina South Carolina

Hurricane Irma Kills 9 In Caribbean Islands As Florida Awaits Storm

Hurricane Irma hammered a string of northeast Caribbean islands, thrashing them with rain and winds of up to 180 mph, and leaving at least nine people dead.
September 7, 2017 Auto Catastrophe Excess & Surplus Lines Marine Property Florida

U.S. Virgin Islands Spent Money Intended To Help After Hurricanes

The U.S. Virgin Islands for years redirected money intended to help pay insurance claims after large disasters for other needs, raising the vulnerability of residents as Hurricane Irma ravishes the territory.
September 7, 2017 Catastrophe Property Risk Management Florida

Hurricane Irma’s Insured Damage Could Match Katrina, Halt P&C Rate Declines

Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note.
September 6, 2017 Catastrophe Property Florida

Extreme Weather Risk Taking A Toll On The Property Insurance Industry

Flooding and wildfires are making massive headlines this summer and this extreme weather risk is placing considerable pressure on the property insurance industry.
September 6, 2017 Catastrophe Property California Florida Louisiana Montana Oregon

Car Dealers Prepare For Wave Of Swamped Vehicles In Houston

The Chevy Malibu produced a putrid cloud of must and steam as Troy Rondeno peered beneath the steering wheel. The saturated carpet reeked of mildew and hot plastic, and white spots of mold climbed the sedan’s black leather seats as it languished in a North Houston salvage yard.
September 6, 2017 Auto Catastrophe Salvage Texas

What’s The Latest Hurricane Irma Track?

Hurricane Irma is on a crash course with Florida, according to the latest projections by the National Hurricane Center. Irma’s veering north into Florida has seemed likely for a few days, but the 8 a.m. Wednesday update by the NHC gives it more certainty, though there’s always a chance hurricanes will behave unpredictably.
September 6, 2017 Catastrophe Marine Property Florida

Keys Emergency Manager: “You Must Evacuate, You Cannot Afford To Stay”

Evacuation orders are being given in the Florida Keys as Monroe County emergency managers prepare for Hurricane Irma. Key West International Airport will close Wednesday night, cancelling all commercial flights until further notice.
September 6, 2017 Catastrophe Marine Property Florida

Hurricane Irma Prompts State Of Emergency In Florida

Florida Gov. Rick Scott (R) has declared a statewide emergency in response to Hurricane Irma, a roiling storm that intensified into “an extremely dangerous Category 5 hurricane” while it churned toward the United States.
September 5, 2017 Catastrophe Property Florida

Harvey Aftermath: FEMA To ’Rush Recovery Money’ For Insurance Claims

After Hurricane Harvey spawned epic flooding along the Gulf Coast, insured flooding victims will be able to get financial relief a little bit faster. The Federal Emergency Management Agency announced a temporary change Monday that would "rush recovery money" into the hands of National Flood Insurance Program policyholders.
September 5, 2017 Catastrophe Property Texas

Irma Strengthens To A Category 5 Hurricane: NHC

Irma on Tuesday intensified into an extremely dangerous Category 5 hurricane on the Saffir-Simpson wind scale, the U.S. National Hurricane Center (NHC) said in its latest advisory.
September 5, 2017 Catastrophe Property Florida

Insurance Won’t Cover 80% Of Homes Flooded By Hurricane Harvey

When the flood waters left behind by Hurricane Harvey eventually recede, they will leave behind billions of dollars in property damage. However, a large majority of homeowners will likely have to spend their own money to make their homes livable again.
August 31, 2017 Catastrophe Property Louisiana Texas
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