
Waffle House Index Signals Severe Impact from Hurricane Milton in Florida
The Waffle House Index, a quirky yet reliable gauge of storm severity, shows widespread closures across Florida as Hurricane Milton approaches, warning of significant damage and disruption.
October 9, 2024
Catastrophe
Property
Risk Management
Technology
Florida
Georgia
North Carolina
South Carolina

Florida Urges EV Owners to Prepare for Fire Hazards as Hurricane Milton Approaches
Florida officials are cautioning residents about the potential fire hazards posed by lithium-ion batteries in EVs and other devices, urging proactive steps to prevent accidents as Hurricane Milton approaches.
October 9, 2024
Auto
Catastrophe
Property
Risk Management
Technology
Florida

Florida Court Rules Unlicensed Contractors Can Still Enforce Condo Contracts
A Florida appeals court decision could reshape insurance defense strategies, ruling that being unlicensed doesn’t automatically void a storm-remediation contract, depending on the work’s scope.
October 9, 2024
Catastrophe
Legislation & Regulation
Litigation
Property
Florida

Federal Flood Maps Lag Behind Climate Disasters, Leaving Millions at Risk
As climate-intensified storms expose the limitations of FEMA’s outdated flood maps, millions of Americans may face flood risks without adequate insurance protection, especially in areas prone to heavy rainfall.
October 9, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina

Hurricane Milton Insurance Loss Projections Range from $15B to $150B, Says Icosa Investments
Icosa Investments forecasts insurance losses from Hurricane Milton could span from $15 billion to over $150 billion, depending on the storm’s intensity and landfall, with significant implications for the cat bond market.
October 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida

Hurricane Milton Threatens Central Florida with Potential Direct Hit
Hurricane Milton, set to make landfall as a Category 3 storm, could bring catastrophic impacts to Florida’s Gulf Coast, particularly the Tampa area, just two weeks after Hurricane Helene’s devastation.
October 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina

Hurricane Milton Reaches Category 5 as Florida Orders Evacuations
Hurricane Milton intensifies to Category 5 as it heads toward Florida’s west coast, prompting evacuations while the state rushes to clear debris left by Hurricane Helene just two weeks ago.
October 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Hurricane Milton Strengthens to Category 4, Poised for Midweek Florida Landfall
Hurricane Milton, now a powerful Category 4 storm, is set to make landfall midweek in Florida, bringing life-threatening storm surges, heavy rain, and strong winds.
October 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina

Reinsurance Brokers Caution of Hurricane Milton’s Potential Impact on Florida
Hurricane Milton is expected to intensify as it heads toward Florida. Reinsurance brokers are warning of potential significant impacts, including storm surges and wind damage.
October 7, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida

Hurricane Milton Intensifies as It Heads for Florida, Threatening Tampa Bay and Orlando
Hurricane Milton has become a Category 3 storm and is expected to reach Category 4 as it nears Florida, prompting storm surge warnings for Tampa Bay and potential evacuations across the region.
October 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Flood Insurance Program Struggles with Rising Repeat Payouts
As flood risk intensifies, the National Flood Insurance Program is issuing more repeat payouts, with severe repetitive loss properties surging across the U.S., especially in coastal areas vulnerable to storms.
October 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Louisiana
New Jersey
North Carolina

Hurricane Helene Losses Projected in Billions, But US P&C Insurers Expected to Withstand Impact
Hurricane Helene’s estimated insured losses range between $5 billion and $9 billion, but S&P Global believes the event will affect earnings without jeopardizing the capital of US property and casualty insurers.
October 4, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
North Carolina
South Carolina

FEMA Faces Funding Shortage as Hurricane Helene Devastates the Southeast
FEMA is running low on disaster relief funds as it responds to Hurricane Helene, which caused severe damage across several Southeastern states. Congress may need to pass additional funding to sustain relief efforts.
October 4, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Louisiana
North Carolina
South Carolina

Dockworkers Reach Tentative Deal, Strike Suspended Until January
U.S. dockworkers have suspended their strike after reaching a tentative agreement with terminal operators, securing a wage increase and agreeing to continue negotiations in January.
October 4, 2024
Legislation & Regulation
Litigation
Risk Management
Alabama
Florida
Georgia
Louisiana
Maryland

Solar Energy Growth Sparks Surge in Construction Claims
The rapid growth of solar energy is driving an increase in construction-defect claims, as industry experts highlight risks such as fire, environmental concerns, and insurance coverage issues.
October 4, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Florida
Texas



