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.

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.

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).

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.

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.

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.

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.

Litigation costs could add between $10 billion and $20 billion to insured losses from Hurricane Ian, according to the Insurance Information Institute.

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.

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.

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.

The Federal Emergency Management Agency (FEMA) has expedited access to flood insurance dollars in the wake of Hurricane Ian, according to Chief Financial Officer Jimmy Patronis.

The state helped Coloradans recover nearly $20 million in additional insurance payments last year, mostly from catastrophic wildfire claims.

The Louisiana Department of Insurance could do more to improve claims handling, though the department is complying with the law to ensure companies are handling claims in a fair and timely manner, according to a Louisiana Legislative Auditor's report.

Insurers are bracing for a hit of up to $57 billion as they try to assess the damage from Hurricane Ian in Florida and South Carolina, risk modeling firm Verisk said on Monday.