November 17, 2022
Via: Insurance JournalCitizens Property Insurance Corp. has released its first estimate on losses from Hurricane Nicole, a category 1 storm that hit Florida’s east coast Nov. 10. Modeled losses plus loss adjustment expenses – but not including anticipated litigation costs – will […]
October 11, 2022
Via: Insurance JournalThe number of claims filed from Hurricane Ian continues to rise, topping 449,000 as of Monday, and estimated insured losses stand at more than $4.2 billion, the Florida Office of Insurance Regulation reported. Some 322,268 claims – almost three quarters […]
Capital and Risk, Insurance, Regulations
January 28, 2022
Via: Insurance JournalSeeing no action on bills that would address Florida’s spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers’ payments to the state’s hurricane catastrophe fund, a move he said could save policyholders […]
September 9, 2021
Via: Insurance JournalLouisiana’s top insurance regulator on Sept. 7 directed insurance companies pay policyholders’ Hurricane Ida evacuation expenses as damaged infrastructure and dangerous living conditions in Southeast Louisiana keep people from returning home. Directive 218, issued by Insurance Commissioner Jim Donelon, requires […]
August 24, 2021
Via: Insurance JournalHurricane Laura made landfall in Southwest Louisiana nearly a year ago but local officials and state insurance regulators say the area still a long way to go to recover. Laura, which made landfall on August 27, 2020, displaced 2005’s Hurricane […]
October 3, 2023
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