October 31, 2024
Most homeowners are worried about the impact of natural disasters and climate change, a new survey shows. A survey from U.S. News & World Report shows 61% worry about climate change and the impact of natural disasters to their home …
October 31, 2024
Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims. The Tennessee Department of Commerce and Insurance reminded insurance carriers that they must …
October 30, 2024
Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that employs a model not commonly used by philanthropy in the United States: Giving people rapid, direct cash payments. The nonprofit …
October 30, 2024
North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before. The bill is the second legislative …
October 29, 2024
The third quarter of 2024 saw a number of significant disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of $102 billion, according to Aon plc in its Q3 Global Catastrophe Recap – …
October 29, 2024
An analysis of the claims paid out after the Gray and Oregon Road fires in Washington last year found that most of the homes destroyed were under-insured. The fires destroyed 366 homes, burning more than 20,000 acres outside of Spokane …
October 24, 2024
The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home Trends Report found that all-perils …
October 24, 2024
More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month. Tampa-based Heritage Insurance Holdings said in a preliminary statement that about two weeks after Milton made landfall …
October 22, 2024
Almost two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals continue to rise. As of Oct. 21, the Florida Office of Insurance Regulation said carriers had reported more than 221,582 …
October 22, 2024
Winter weather has already caused an estimated $61.8 million in property damage in 2024, and the coldest time of the year is a ways off. The damage from winter storms in the first half of the year may be large, …