property insurance News

AccuWeather Puts Total Damage and Economic Loss From Helene at $145B to $160B

AccuWeather increased its estimate of the total damage and economic loss from Hurricane Helene to between $145 billion and $160 billion. This update is an increase from AccuWeather’s preliminary estimate late last week of total damage and economic loss of …

Helene Unleashes Floods and Knocks out Power to Millions

Tropical Storm Helene is triggering dangerous rain and flooding across the US South, where it has killed at least six people and cut power to over 4 million customers after coming ashore in Florida as a major hurricane. More than …

Hurricane Helene to Hit as Cat 3, and Early Estimates Forecast $3-$6B in Insured Losses

Hurricane Helene is expected to hit Florida as a Category 3, and a property data firm estimates that nearly 25,000 residential properties with a combined reconstruction cost value of $5.6 billion are at risk to storm surge flooding—a reinsurer estimates …

Tropical Storm Helene Gains Power as It Bears Down on Florida

Tropical Storm Helene grew stronger as it moved into the Gulf of Mexico, where it threatens to clip the Yucatan Peninsula before striking Florida’s west coast as a major hurricane on Thursday. Helene’s winds rose to 70 miles (113 kilometers) …

Insurance Czar Has ‘Harsh’ Message About Climate: You May Just Have to Move

The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Rising damages from extreme weather don’t seem to be a regulatory problem, but rather a cost problem, …

Florida Braces for Potential Gulf Hurricane Strike This Week

The U.S. Gulf Coast from Mississippi to the Florida Panhandle is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Currently a swirl of thunderstorms …

AccuWeather Estimates $7B in Damage and Economic Loss from North Carolina Storm

AccuWeather on Wednesday issued a preliminary estimate of the total damage and economic loss from an unnamed storm that struck North Carolina starting last week at $7 billion. Storm effects are continuing to be felt, and some areas have yet …

Moody’s: Private Market Insured Losses From Francine Won’t Exceed $2B

U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 million, the …

European Cities Brace for Peak of Floods as Cleanup Starts

Cities from Budapest to Wroclaw in Poland are racing to build up their defenses as floodwaters peak over the coming days. The floods that unleashed destruction across central Europe are receding in many places after the torrential rain from Storm …

Top of Travelers’ List of Most Common Wedding Insurance Claims Not So Surprising

When something goes wrong at a wedding and a claim is filed, one of the most common reasons behind the snafu is not too surprising—someone likely wasn’t doing their job. Vendor difficulties topped the list of wedding claims. Nearly half …