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Texas Insurance Adjuster Sentenced to 20 Years for Hurricane Ida Fraud

Texas Insurance Adjuster Sentenced to 20 Years for Hurricane Ida Fraud

An insurance adjuster from Texas was sentenced to 20 years in prison for pocketing more than $200,000 in insurance payouts meant for St. Charles Parish residents who filed claims to repair damage to their property following Hurricane Ida, according to the St. Charles Parish District Attorney's Office.
September 5, 2023 Fraud Property Louisiana

Louisiana Wildfire Threatens Homes and Devours Acres

Louisiana Wildfire Threatens Homes and Devours Acres

One of the largest wildfires in Louisiana history is continuing to spread and threaten rural communities. The Tiger Island Fire, which started about five miles east of the Texas state line, doubled in size over the weekend, growing to more than 33,000 acres -- accounting for more acres of burned land than the state usually has in an entire year.
August 30, 2023 Property Louisiana

Hurricane Idalia Makes Florida Landfall as Category 3

Hurricane Idalia Makes Florida Landfall as Category 3

Hurricane Idalia struck the United States' southeastern coast this morning, making landfall as a Category 3 hurricane with sustained winds of 125 mph.
August 30, 2023 Catastrophe Property Florida Georgia

Estimated Privately Insured US Losses from Hurricane Hilary Approach $600 Million

Estimated Privately Insured US Losses from Hurricane Hilary Approach $600 Million

Karen Clark & Co. on Monday said privately insured losses from Hurricane Hilary will be close to $600 million in the U.S.
August 29, 2023 Auto Catastrophe Property California

Any Major Florida Hurricane Can be Multi-billion Insurance Loss Event

Any Major Florida Hurricane Can be Multi-billion Insurance Loss Event

As tropical storm Idalia continues to develop, the latest from the NHC forecasts a Category 3 major hurricane Idalia will approach the Florida coastline, leading BMS Senior Meteorologist Andrew Siffert to highlight the potential for any storm of this kind to be a multi-billion dollar insurance and reinsurance market loss event.
August 29, 2023 Catastrophe Property Florida

11 Tornadoes Confirmed in Northern Ohio Last Week

11 Tornadoes Confirmed in Northern Ohio Last Week

The National Weather Service now says at least 11 tornadoes struck northern Ohio as severe storms moved across the state late Thursday night into early Friday.
August 28, 2023 Property Ohio

Record Number Of August Tornadoes Strike Michigan in One Night

Record Number Of August Tornadoes Strike Michigan in One Night

Seven tornadoes touched down in Michigan during the late-night thunderstorms that rapidly swept across the lower half of the state earlier this week, the National Weather Service said.
August 28, 2023 Auto Property Michigan

Double Threat Shapes Up as Tropical Storm Idalia and Hurricane Franklin Intensify

Double Threat Shapes Up as Tropical Storm Idalia and Hurricane Franklin Intensify

Two storms were intensifying Monday as the Atlantic hurricane season was getting into full swing. Tropical Storm Idalia was off the coast of Cuba on a potential track to come ashore as a major hurricane in the southern U.S., the National Hurricane Center said.
August 28, 2023 Catastrophe Property Florida

Tropical Depression Looms in Caribbean, Florida on Alert

Tropical Depression Looms in Caribbean, Florida on Alert

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.
August 25, 2023 Property Florida

California’s Fire Insurance Woes Ignite Political Reckoning

California’s Fire Insurance Woes Ignite Political Reckoning

The slow-motion collapse of California's wildfire insurance market is about to force a political reckoning.
August 25, 2023 Insurance Industry Property California

Reinsurance, Surcharges, Taxes, Credit Lines: Citizens Insurance Preps for Hurricane Season

Reinsurance, Surcharges, Taxes, Credit Lines: Citizens Insurance Preps for Hurricane Season

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.
August 25, 2023 Catastrophe Property Florida

Storms Strike Michigan With Fierce Winds, Possible Tornadoes, and Fatalities

Storms Strike Michigan With Fierce Winds, Possible Tornadoes, and Fatalities

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.
August 25, 2023 Auto Property Michigan

Citizens Property Insurance Rate Increase Proposal Denied by Florida Regulators

Citizens Property Insurance Rate Increase Proposal Denied by Florida Regulators

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.
August 24, 2023 Legislation & Regulation Property Florida

Storm Damage Estimate Rises to $30M in North Andover, Massachusetts

Storm Damage Estimate Rises to $30M in North Andover, Massachusetts

The estimated damage from two days of intense rain that fell on North Andover in August stands at $29,910,097.57.
August 23, 2023 Property Massachusetts

Hurricane Ida Claims Litigation Deadline Approaches in Louisiana

Hurricane Ida Claims Litigation Deadline Approaches in Louisiana

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.
August 23, 2023 Litigation Property Louisiana
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