Meteorologists at the National Hurricane Center have raised the alert for a potential tropical depression formation in the Northwestern Caribbean Sea to 60 percent, with early projections indicating a path toward Florida’s panhandle.

The slow-motion collapse of California’s wildfire insurance market is about to force a political reckoning.

Citizens Property Insurance Company CEO Tim Cerio indicated on Tuesday night during a property insurance online forum with Senate Democrats that the company may be unable to pay out claims following another catastrophic hurricane without the use of surcharges for policy holders and assessments on Floridian taxpayers.

Severe storms powered by winds of up to 75 mph (121 kph) in Michigan downed trees, tore roofs off buildings and killed five people while leaving hundreds of thousands of customers without power, officials said. The National Weather Service said Friday some of the damage may have been caused by two tornadoes.

Florida’s ongoing battle with rising insurance rates has taken a new turn as the Florida Office of Insurance Regulation has taken a stand against Citizens Property Insurance Corporation’s latest proposed rate increase.

The estimated damage from two days of intense rain that fell on North Andover in August stands at $29,910,097.57.

As the one-year anniversary of Hurricane Ida approaches, Louisiana Insurance Commissioner Jim Donelon has issued a reminder about the approaching deadline for initiating legal proceedings against insurance providers.

Moody’s RMS on Tuesday said insured losses from the wildfires Aug. 8-10 in Hawaii could exceed $4.5 billion.

Tropical Storm Hilary deluged arid parts of Mexico and then drenched Southern California from the coast to inland mountains and deserts, forcing rescuers to pull several people from swollen rivers. Millions expected more flooding and mudslides Monday, even as the storm begins to weaken.

A series of fast-moving wildfires have left a trail of destruction across eastern Washington, with two fatalities and countless individuals under mandatory evacuation orders.

Two more insurance companies will exit the California homeowners market, further narrowing options for people seeking to insure their home or to purchase a house with a mortgage.

Florida’s Office of Insurance Regulation (OIR) this week granted authorization to Mainsail Insurance Company, a property and casualty insurer headquartered in Texas, to function as a domestic insurer within the state.

A prolific high-end burglar has been apprehended and is now behind bars, thanks to the diligent efforts of the Bexar County Sheriff’s Office. Law enforcement officials have managed to recover a cache of stolen goods, including an array of jewelry items, some with individual values of up to $1 million.

Across the country, homeowners are facing heavier financial burdens when it comes to securing the coverage they need to protect their property and belongings. Rising homeowners insurance rates are making budgets tighter for millions of American households.

The best claim is the one that never happens. That’s what the team behind the Predict & Prevent podcast believes. But to truly predict and prevent a claim requires a deviation from the traditional ‘detect and repair’ mentality of risk management.