Support grows for a new Florida Bar board certification in "Insurance Coverage Law," aiming to help residents find specialized legal help for insurance disputes following major hurricane seasons.
As Hurricane Milton hit Florida, resilience-focused communities like Babcock Ranch and Hunters Point emerged unscathed, showcasing how disaster preparedness measures protect homes and reduce long-term costs, even amid costly initial investments.
Ahead of the 2024 hurricane season, St. Petersburg reduced Tropicana Field’s wind and flood coverage from $100 million to $25 million, exposing the city to significant risk. After Hurricane Milton destroyed the stadium’s roof, officials now face uncertainties about potential coverage shortfalls.
In 2024, hurricanes have left an estimated 347,000 vehicles with flood damage across the U.S., CARFAX reports. Experts caution that many may be resold, potentially concealing dangerous and costly water damage.
A recent IRC survey reveals that attorney advertising may be influencing auto insurance costs, as 60% of respondents link it to higher claims and 52% believe it raises insurance premiums.
Following Hurricane Helene’s landfall in Florida, over 54,000 NFIP flood insurance claims have been filed, with FEMA reporting $480 million in early claims payments. This storm, among the most significant for NFIP, may see more claims as impacted areas become accessible.
A Texas A&M study shows a nearly 20% increase in extreme rainfall during storms like Hurricane Helene, linking climate change to intensified flooding risks across the southeastern United States.
The devastation from Hurricane Helene reveals a significant inland flood-protection gap, particularly in flood-prone communities without sufficient insurance coverage, where misinformation and funding challenges further slow recovery efforts.
Hurricane Milton has resulted in over $2 billion in insured losses in Florida, with more than 230,000 claims filed. Most claims are for residential properties, and 12.8% have been closed so far.
Florida’s Emergency Rule 69BER24-4 introduces stricter ethical guidelines and transparency requirements for all insurance adjusters, particularly impacting public adjusters, with the aim of reducing unethical practices in the claims process.
Insured losses from global natural catastrophes exceeded the 10-year average, driven by frequent storms and floods, while total economic losses for 2024 remained slightly below average.
Despite the increasing accuracy of hurricane forecasts, meteorologists are facing growing threats, conspiracy theories, and public distrust fueled by misinformation on social media.
While Hurricane Milton’s landfall was far from southeastern Florida, dozens of tornadoes struck the region, causing significant damage to homes and killing several people across the state.
Despite rising incomes, Louisiana remains the least affordable state for personal auto coverage across the South and U.S., with premiums nearly 40% above the national average.
Hurricane Milton triggered a deadly tornado outbreak in Florida, raising concerns over the increasing frequency of strong tornadoes linked to hurricanes. Early studies suggest a warmer world could amplify this trend.
