Much of the damage to homes from Hurricane Michael will be paid by an array of small, little-known insurers, backed up by larger reinsurance companies around the globe.
Florida is an oddball insurance market for homeowners, where household-name companies like State Farm and Allstate Corp. don’t have the outsize roles they do in other states.

Hurricane Michael’s torrential rain, storm surge, and hurricane-force maximum sustained winds that reached 140 miles per hour Wednesday could result in a historically devastating event for the northeastern Gulf Coast, according to A.M. Best.

At the headquarters for the Federal Emergency Management Agency (FEMA), a few hundred people are already coordinating the response to Hurricane Michael.
"It’s doing exactly what the forecasters were pushing forward — storm surges, you’re seeing the ocean rise," said FEMA Administrator Brock Long.

As Tropical Storm Michael moves through Georgia and into South Carolina, its effects are being seen far and wide across the southern United States.

The remnants of Hurricane Michael — the most powerful storm on record to strike Florida’s Panhandle — swept through Georgia on Thursday on a path toward the Carolinas after leaving widespread destruction and at least two deaths in its wake.

In little more than a day, a Category 1 storm became a “worst-case scenario” Category 4. The already bad 2018 hurricane season has gotten even worse.
On Wednesday afternoon, Hurricane Michael became the second major storm to make landfall this year. Michael is an incredibly dangerous, history-making storm, bringing catastrophic high winds and deadly storm surge to Florida’s Panhandle.

Hurricane Michael made landfall Wednesday on the Florida Panhandle with winds of 155 miles per hour. A hurricane reaches Category 5 status when winds reach 157 miles per hour.

Hurricane Michael hit the Florida Panhandle with frightening fury.

The Category 4 storm was packing maximum sustained winds of 155 mph as it made landfall near Mexico Beach.

Hurricane Michael rapidly gained strength in the warm waters of the Gulf of Mexico Tuesday night and continued to intensify Wednesday morning, threatening to become the most intense hurricane on record to strike the Florida Panhandle. The dangerous Category 4 hurricane has winds up to 145 mph, and is predicted to make landfall Wednesday afternoon.

Residents of northwest Florida had until early Tuesday to leave their homes ahead of Hurricane Michael, forecast to crash ashore midweek as a major Category 3 storm with "life-threatening" flash flooding possible.

Tropical Storm Michael has strengthened overnight and is nearing hurricane-force winds on Monday morning as it sets its sights on the Florida Panhandle.
Florida Gov. Rick Scott already declared a state of emergency in 26 counties in the northern part of the state on Sunday.

Now that Hurricane Florence has pummeled the southeastern coastline with dozens of inches of rain, lashing winds, and flooded rivers, homeowners and insurers are scrambling to survey the damage to properties.

As many as 8,000 people in and around the city of Georgetown, South Carolina, have been urged to evacuate ahead severe flooding expected this week from two rain-gorged rivers in what may be the final destructive chapter of Hurricane Florence.

Residents in Georgetown County, South Carolina, where five rivers flow into the ocean, will prepare on Friday for a deluge of water in the aftermath of Hurricane Florence, which has killed more than 40 people.

In the days following Hurricane Florence’s assault on the south-eastern coast of the US, some experts are already predicting $2.5 billion in insured losses. However, this wasn’t the season’s first severe storm — Lane hit Hawaii just a few weeks before and while the devastation wasn’t as significant on the island, the hurricane did outpace Florence in some metrics.