
Western Wildfires are Making Far Away Storms More Dangerous
In late July of 2018, massive wildfires blazed across Northern California. At the same time in Colorado, weather alerts went out warning of heavy thunderstorms and baseball-sized hail. The two disasters were separated by a thousand miles, but scientists are now finding they’re connected.
October 24, 2022
Auto
Catastrophe
Property

California Tells Insurers to Reward Wildfire-Resilient Homes
Wildfire-savvy homeowners in California soon will pay lower insurance rates for taking steps to protect their properties from infernos made worse by climate change.
October 18, 2022
Legislation & Regulation
Property

Hurricane Ian’s Storm Surge Reached 15 Feet at Fort Myers Beach
Preliminary analysis of Hurricane Ian’s deadly storm surge suggests the Gulf of Mexico pushed as high as 15 feet above normally dry ground on Fort Myers Beach as it made landfall, the National Hurricane Center said Thursday.
October 14, 2022
Auto
Catastrophe
Property
Florida

New Program Aims to Save Money -- And The Environment -- Through Claims
A new claims solution may help carriers save costs during the claims process while also saving the environment.
October 14, 2022
Insurance Industry
Property

How Large Property Loss Claims Can Become Larger -- And How to Avoid It
A large property loss claim can be worsened by theft or adverse weather events during the initial logistics stage if insurers don’t act quickly, a contractor expert warned during the Ontario Insurance Adjusters Association’s claims conference in Toronto Wednesday.
October 13, 2022
Property
What to Expect When You Are Adjusting: A Primer for Hurricane Ian Property Claims
The last week of September, 2022, the State of Florida braced for what was categorized to be one of the worst storms to make landfall in U.S. history. Initially, all weather channels displayed the storm’s trajectory heading towards Tampa Bay.
October 12, 2022
Catastrophe
Property
Florida

NICB Agents Tracking Fraudulent Contractor Activities In Florida
Nearly three dozen contractors with a criminal past have started a door-to-door campaign to Florida homes damaged by Hurricane Ian, according to the National Insurance Crime Bureau (NICB).
October 12, 2022
Fraud
Property
Florida

Louisiana Citizens’ Residential Property Rates To Jump By 63%
The Louisiana Department of Insurance (LDI) has approved Louisiana Citizens’ request for a 63% rate increase on its residential property insurance policies beginning January 1, 2023.
October 12, 2022
Legislation & Regulation
Property
Louisiana

Insurance Crisis Offers Louisiana Few Good Options
The difficult 2020 and 2021 hurricane seasons are fading from memory, but it will take a long time for Louisiana to recover. It’s not just the blue roof tarps that still dot the landscape from Lake Charles to Lafourche.
October 10, 2022
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Louisiana

Breakdown of America’s Largest P/C Carriers
Property and casualty insurance providers across the country wrote more than $797 billion in premiums in 2021, generating about $767 billion in earned premiums, the latest industry report from the National Association of Insurance Commissioners’ (NAIC) has revealed.
October 10, 2022
Auto
Insurance Industry
Liability
Life & Health
Marine

Citizens Property Insurance Says It’s in ’Good Financial Shape’ Post-Hurricane Ian
Many feared that one big storm could cost every homeowner in Florida if the state-backed insurer of last resort, Citizens Property Insurance Corp., couldn’t afford to pay out claims from its more than a million policies.
October 10, 2022
Catastrophe
Property
Florida

Litigation Could Add $20B to Hurricane Ian Insured Losses
Litigation costs could add between $10 billion and $20 billion to insured losses from Hurricane Ian, according to the Insurance Information Institute.
October 7, 2022
Litigation
Property
Florida

Already 350K+ Claims Filed in Florida After Hurricane Ian
Initial data from the Florida Office of Insurance Regulation (FLOIR) reveals that more than 375,000 claims have been filed after hurricane Ian, mostly related to residential property, as the entity reports total estimated insured losses of close to $3.28 billion.
October 7, 2022
Catastrophe
Property
Florida

GRC Policy Includes Increased Compliance Costs for Rebuild, Court Rules
Guaranteed replacement cost (GRC) coverage for rebuilding a flooded home in an area regulated by a conservation authority includes the increased regulatory compliance costs required for the rebuild, Ontario’s Superior Court has ruled in Emond v. Trillium Mutual Insurance Company.
October 6, 2022
Litigation
Property

FEMA Reports 25,000 NFIP Claims Already Received for Hurricane Ian
The US Federal Emergency Management Agency (FEMA) has reported that its National Flood Insurance Program (NFIP) has already received more than 25,000 claims from hurricane Ian.
October 6, 2022
Catastrophe
Property
Florida



