Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in the state, according to the Florida Office of Insurance’s 2015 Data Call and subsequent stress test report. The annual Reinsurance …
The potential exposure home insurers in South Carolina face from the early October storm that flooded the state is estimated to be over $18 billion, according to catastrophe modeling firm CoreLogic. Richland County had the most exposure with 8,185 damaged …
Jackson, Miss., is the windiest city in America, according to catastrophe modeling firm CoreLogic’s just released rankings of the windiest cities in the country. The CoreLogic Windy City Ranking report, which provides a national ranking of the nation’s windiest cities, …
Between deductibles, excluded losses, and difficulty accessing business interruption coverage, a business suffering hurricane losses can take a big out-of-pocket economic hit even if it has insurance. There is a disconnect between business needs and what is ultimately covered when …
The claims filing and damage recovery process is underway in South Carolina after the mega-storm that hit the state Oct. 1 through Oct. 5 brought extensive damage statewide with some areas receiving more than two feet of rain. A total …
The rain has stopped in South Carolina and claims filing and damage recovery are underway even as residents are being told to expect more flooding through the weekend. The mega storm that hit South Carolina starting Oct. 1 through Tuesday …
Claims are already starting to trickle in from the major storm that hit South Carolina over the weekend and that is now causing additional flooding problems in North Carolina. According to State Farm Spokesman Justin Tomczak, the insurer had received …
Between deductibles, excluded losses, and difficulty accessing business interruption coverage, a business suffering hurricane losses can take a big out-of-pocket economic hit even if it has insurance. There is a disconnect between business needs and what is ultimately covered when …
The insurance industry is bracing itself for an expected onslaught of claims in the wake of what South Carolina officials are calling a 1 in 1,000 year storm. “This is an extremely devastating event,” said South Carolina Director of Insurance …
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