Florida Insurance Claims News (Page 15)

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

Florida Insurers Face Fraud Allegations as New Storm Claims Loom, CBS Highlights Adjusters’ Concerns

As Florida prepares for new storm-related claims, CBS News’ "60 Minutes" investigates allegations by adjusters that insurers manipulated damage estimates from Hurricane Ian to underpay policyholders.

October 1, 2024 Catastrophe Fraud Litigation Property Florida

Hurricane Helene Signals Emerging Inland Threat as Storms Retain Strength

Hurricane Helene’s unprecedented inland devastation highlights the growing danger of the "brown-ocean effect," a phenomenon that may allow future hurricanes to retain strength as they move further inland.

October 1, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina

Florida Homeowners Left Stunned by Altered Insurance Reports After Hurricane Ian

Florida homeowners, devastated by Hurricane Ian, discovered their insurance reports had been altered to significantly lower payouts. Whistleblowers claim widespread fraud, accusing multiple carriers of manipulating damage assessments.

September 30, 2024 Catastrophe Fraud Litigation Property Florida

Hurricane Helene’s Economic Impact Could Reach $160 Billion Due to Infrastructure Destruction and Business Losses

Economic estimates for Hurricane Helene project up to $160 billion in damage, driven by widespread infrastructure failure, property loss, business disruption, and long-term recovery costs.

September 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia Kentucky North Carolina Ohio

Key Restaurant Insurance Claims Insights to Help Adjusters Minimize Payouts

Understand the most frequent and costly insurance claims in the restaurant industry, from equipment breakdown to employee injury, and how claims adjusters can help mitigate risks.

September 30, 2024 Liability Property Risk Management Workers' Compensation California Florida Michigan Mississippi New Jersey

Helene Hits Florida as Category 4 Hurricane, Unveils Critical Flood Insurance Gap

Hurricane Helene’s catastrophic flooding from Florida to North Carolina exposes the serious lack of flood insurance coverage among homeowners, especially in inland areas, highlighting the increasing risks from extreme weather events.

September 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Kentucky North Carolina South Carolina

Hurricane Helene’s Impact Pressures Florida’s Struggling Insurance Market

Hurricane Helene’s destructive force on Florida’s properties highlights the fragility of the state’s insurance market, with rising premiums, reinsurance challenges, and climate change amplifying risks.

September 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Hurricane Helene Causes Up to $34 Billion in Total Economic Impact, Moody’s Reports

Hurricane Helene made landfall as a Category 4 storm, leading to widespread property damage, power outages, and disruptions. Analysts predict total costs ranging from $20 billion to $34 billion, with insurance losses still being assessed.

September 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Hurricane Helene Set to Hit Florida Tonight with Life-Threatening Storm Surge and 40 Million Under Warnings

Hurricane Helene, a rapidly intensifying Category 2 storm, is expected to make landfall as a Category 4 hurricane in Florida, bringing 15-20 foot storm surges and affecting millions across the Gulf Coast.

September 26, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama Florida Georgia

Florida’s Insurance Market Faces Uncertainty as Hurricane Helene Approaches

As Hurricane Helene threatens Florida’s Gulf Coast, concerns rise over the stability of the state’s recovering insurance market. Despite progress, losses could still reach billions.

September 26, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida