September 11, 2024
A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000, and total estimated insured losses are more than $121.5 million, the Florida Office of Insurance Regulation reported this week. The …
August 27, 2024
AccuWeather meteorologists are warning that the Atlantic hurricane season could intensify in the coming weeks as less wind shear and less dry air create conducive conditions for storm development. AccuWeather is forecasting six to 10 named storms to form in …
August 15, 2024
More than three-fourths of properties flooded by Hurricane Debby were outside a designated flood hazard area and were likely to be uninsured for the water loss. Many of those properties were concentrated in spots seemingly far away from where the …
August 14, 2024
Moody’s RMS Event Response estimates U.S. private market insured losses from Hurricane Debby won’t exceed $1.5 billion, which represents insured losses associated with wind, storm surge, and precipitation-induced flooding. Moody’s also estimates losses to the National Flood Insurance Program from …
August 12, 2024
The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the the number of claims filed in Hurricane Idalia in a three-month period. Debby claims by Friday had reached more …
August 9, 2024
The total damage and economic loss from Hurricane Debby in the U.S. is expected to be $28 billion, according to a preliminary estimate from AccuWeather. The estimate is preliminary because the storm effects continue to be felt and some areas …
August 9, 2024
The National Oceanic and Atmospheric Administration, which has already forecast an extremely active hurricane season, is now saying it could rank among the busiest on record. In a mid-season hurricane outlook update, NOAA’s Climate Prediction Center forecasters updated the number …
August 9, 2024
Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be “very manageable” for the industry, according to a report from Gallagher Re. Wind and water-related losses could …
August 6, 2024
An extreme risk to lives and property from widespread flooding is expanding across the Southeast this week before Debby makes a second landfall in the Carolinas and then quickly shifts to the Northeast, according to AccuWeather. The weather services is …
August 5, 2024
Hurricane Debby threatens to unleash days of heavy rain and flooding on the US East Coast after slamming into Florida near Tallahassee, knocking out power to thousands. As much as 12 inches (30 centimeters) will fall across a wide area …