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Irma Insurance Claims Already Near $2 Billion

With 335,000 insurance claims representing $1.9 billion in property losses, Hurricane Irma already has exceeded the claims and losses from the two hurricanes that pummeled Florida last year, the state Office of Insurance Regulation reported Monday.
September 20, 2017 Auto Catastrophe Property Florida Georgia North Carolina South Carolina

Insurance Drone Operator Donating Service To Expedite Irma Claims Processing

In the devastating wake of Hurricane Irma in Florida, roads are damaged, trees and power lines are down, and houses and buildings have been battered. All of which makes it difficult to get to many sites to review them for claims.
September 18, 2017 Property Risk Management Technology Florida

Shortage Of Independent Adjusters Leads To Highest Fees Ever Paid

Independent adjusters in Florida might have their work cut out for them — with numerous Hurricane Irma-related claims being filed — but they look set to be compensated for their hard work with the region’s increased pay rates.
September 18, 2017 Catastrophe Property Risk Management Florida Texas

Agriculture Leaders To Survey Florida Damage After Irma

U.S. Secretary of Agriculture Sonny Perdue is scheduled to survey agricultural damage in Florida from Hurricane Irma.
Perdue will visit the state Monday, starting in Clewiston. According to a news release, he will fly with Florida Agriculture Commissioner Adam Putnam to view the storm’s impact on crops.
September 18, 2017 Property Florida

A $150 Billion Misfire: How Disaster Models Got Irma Wrong

Twenty miles may have made a $150 billion difference. Estimates for the damage Hurricane Irma would inflict on Florida kept mounting as it made its devastating sweep across the Caribbean. It was poised to be the costliest U.S. storm on record.
September 15, 2017 Catastrophe Property Florida

Harvey, Irma Damage Reaches Nearly $300 Billion

Preliminary data on the total cost of damage caused by Hurricanes Harvey and Irma is finally coming in, and analysts are projecting hundreds of billions in losses thanks to the damage caused by both weather events.
September 15, 2017 Auto Catastrophe Excess & Surplus Lines Marine Property Florida Georgia South Carolina Texas

Large Corporate Claims From Hurricane Irma May Take Years To Settle

Insurance claims are already pouring in from policyholders with properties damaged by Hurricane Irma. The United States mainland sustained about $18 billion of insured loss, with the majority of damage seen in Florida, followed by Georgia, South Carolina, and Alabama, according to catastrophe modelling firm Karen Clark & Co.
September 14, 2017 Catastrophe Excess & Surplus Lines Litigation Property Alabama Florida Georgia South Carolina

Hurricane Irma Insurance Losses May Be Far Lower Than First Predicted

Following predictions of apocalyptic Hurricane Irma insurance losses, it appears as though the storm may be costly, but nowhere near the worst case scenario.
September 14, 2017 Auto Marine Property Florida

Federal Probe Finds Tesla’s Autopilot Contributed To Fatal Crash

Joshua Brown was killed in May 2016 when his Tesla crashed into a tractor-trailer in Florida while the self-driving software was active. Brown had not tried to control the car in two minutes, and the Autopilot didn’t brake to avoid the collision.
September 14, 2017 Auto Liability Technology Florida

Millions Without Power In Florida

The remnants of Hurricane Irma swept north through Florida on Monday, leaving behind a trail of debris, flooding and power outages after the storm roared up the state’s Gulf Coast and brought its drenching rainfall and battering winds into Georgia.
September 13, 2017 Catastrophe Property Florida

Hurricane Jose’s Strange Path May Bring It Back Toward The Bahamas And US

First Harvey, then Irma and now ... Jose? Hurricane Jose was 840 miles east of Florida early Wednesday, with maximum sustained winds of 75 mph, making it a Category 1 storm."Jose looping over the southwest Atlantic between the Bahamas and Bermuda," the National Hurricane Center said.
September 13, 2017 Property Florida South Carolina

Shocked Residents Return To Irma-Ravaged Florida Keys

Evacuees from Hurricane Irma were early on Wednesday returning to the Florida Keys, where sunrise will give them a first glimpse of devastation that has left countless homes and businesses in ruins.
September 13, 2017 Auto Catastrophe Marine Property Florida

Insurers Beg Customers Not To Sign Over Claims Rights After Hurricane Irma

Number two on the list of what insurance companies are most afraid of right now — after billions of dollars in Hurricane Irma claims — are armies of contractors and attorneys swelling those claims by billions of dollars more.
September 12, 2017 Litigation Property Risk Management Florida

Three Construction Cranes Collapsed In Miami During Storm

Cranes at three South Florida high rises under construction collapsed in the face of heavy winds as Hurricane Irma ripped through the area on Sunday, days after authorities warned about dangers to cranes from the approaching storm.
September 12, 2017 Excess & Surplus Lines Florida

Few Mobile Homes In Florida Are Storm-Ready, Despite Code

Only a fraction of mobile homes in Florida were strapped down with the kind of hardened braces meant to withstand fierce storms before Hurricane Irma hit the state, experts said, leaving more than a half-million homes vulnerable to serious damage.
September 12, 2017 Catastrophe Property Florida
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