Latest Hurricane Ian Headlines
All the headlines from our Hurricane Ian Topic Page, ordered by recency.
Florida OIR Says Enhanced Data Reporting on Hurricane Ian Claims is Due April 17
Apr 5 2024 // The Florida Office of Insurance Regulation is reminding carriers that additional data is due April 17 on Hurricane Ian claims. All property insurers are required by law to submit the enhanced catastrophe reports, including...
FEMA Raises Federal Cost Share to 90% of Eligible Hurricane Ian Recovery in Florida
Oct 26 2023 // The Federal Emergency Management Agency has raised the federal cost share for funding assistance, potentially making millions more dollars available to Florida authorities for Hurricane Ian recovery efforts in Florida, the...
Florida OIR Wants Enhanced Hurricane Ian Data by Sept. 27. Claims Have Topped 740,000
Sep 21 2023 // The Florida Office of Insurance Regulation is reminding carriers that additional information about Hurricane Ian claims is due no later than Sept. 27. By law, the office is required to collect data after hurricanes. Simple...
Florida’s Universal Insurance Bounces Back in Q4 After Hurricane Ian Losses
Feb 27 2023 // Universal Insurance Holdings Inc. (UVE), parent company of Universal Property & Casualty Insurance Co., last week reported net income of $25.1 million in its fourth quarter, a sharp increase from the previous...
Talent Gap, Access to Healthcare for Transgender Patients, and Hurricane Ian Recovery
Dec 28 2022 // This post is part of a series sponsored by AgentSync. State by state variations of laws, compliance protocols, industry transparency, and general regulatory cultures can lend one the impression that keeping up with...
Progressive Lowers Loss Estimate From Hurricane Ian By $400M
Dec 22 2022 // The Progressive Corp. said Dec. 21 that its loss and allocated loss adjustment expenses (ALAE) in the property business are estimated to be $1 billion from, prior to reinsurance, from Hurricane Ian. The insurer said this...
Fishing Towns Bouncing Back After Hurricane Ian
Dec 12 2022 // Chokoloskee and Everglades City, two fishing villages-turned-travel-destinations that sit next to each other on the cusp of Everglades National Park and the Gulf of Mexico, have seen more than their share of hurricane...
Hurricane Ian Drives Global Insured Losses of $115B From Natural Disasters: Swiss Re
Dec 1 2022 // Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the U.S., have cost global insurers an estimated $115 billion so far this year, according to a...
Hurricane Ian Runoff May Be Worsening Red Tide on Florida’s SW Coast
Nov 29 2022 // Scientists are saying a red tide bloom that’s lingered along the coast for a few weeks is now being fed by nutrients running off the landscape in the wake of Hurricane Ian. Red tide (Karenia brevis) is a naturally...
Lloyd’s of London Estimates Claims From Hurricane Ian of US$2.3B-US$3B
Nov 21 2022 // Lloyd’s announced that the market’s claims from Hurricane Ian are estimated to be in the range of US$2.3 billion – US$3 billion, net of reinsurance, based on Q3 data provided by Lloyd’s...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian
Nov 21 2022 // The Federal Emergency Management Agency has projected an initial estimate of Hurricane Ian losses for the National Flood Insurance Program, putting them in the range of $3.5 billion to $5.3 billion, including loss...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian
Nov 14 2022 // n Friday, the Federal Emergency Management Agency announced an initial estimate of Hurricane Ian losses for the National Flood Insurance Program, putting them in the range of $3.5-$5.3 billion, including loss adjustment...
UPDATED: All the Latest Insurance Company Hurricane Ian Estimates Plus NFIP
Nov 14 2022 // With third-quarter earnings reports for publicly traded companies slowing down to a trickle, and FEMA publishing an estimate of NFIP last Friday, Carrier Management has updated a company-by-company list of Hurricane Ian...
Zurich Insurance Expects $550M Hit From Hurricane Ian, but On Track to Beat Targets
Nov 10 2022 // Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe’s fifth-largest insurer said on Thursday, though it remains on track to beat its 2020-2022 financial targets, helped by premium...
Hurricane Ian Wrecked Man-Made Reefs, Brings Algae Bloom to Florida
Nov 4 2022 // Hurricane Ian not only ravaged southwest Florida on land but was destructive underwater as well. It destroyed man-made reefs and brought along red tide, the harmful algae blooms that kill fish and birds, according to...
NFIP: 43,000 Flood Claims and $273 Million Paid So Far After Hurricane Ian
Nov 2 2022 // The Federal Emergency Management Agency is reminding flood insurance policyholders hit by Hurricane Ian that they have an extra three months to renew their expiring policies. The agency said last week that Florida property...
Hurricane Ian’s Lucrative Cleanup Deals Generating New Tempests
Oct 30 2022 // It has been a month since Hurricane Ian wiped out parts of southwest Florida. Now multimillion-dollar cleanup contracts are generating new tempests in the Category 4 storm’s wake. Contractors who remove debris and...
Hurricane Ian Fallout, Inflation Among Talking Points at AAIS Pulse
Oct 28 2022 // The enormous amount of uninsured loss from Hurricane Ian will lead to a “veritable swamp” of trial lawyers waiting to sue the insurance industry, according to one industry expert at AAIS Pulse. “This...
Swiss Re Posts Q3 Loss on Hit From Hurricane Ian, Signals Price Hikes
Oct 28 2022 // Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and signaled that renewal prices would jump next year. The Zurich-based reinsurer’s key unit saw $2.5...
Viewpoint: Ranking Hurricane Ian Among the 10 Worst Natural Disasters in U.S. History
Oct 26 2022 // We are in the early stages of sifting through the debris of Hurricane Ian and calculating the financial and human toll it took after coming ashore in Southwest Florida with 150 mph winds and 20 inches of rain. The insured...
