In an effort to keep the Florida assignment of benefits (AOB) crisis from further worsening in the state, Florida’s insurance industry, regulators and consumer advocates are on high alert for AOB activity in the wake of Hurricane Michael and working …
A tropical storm has battered eastern Yemen, with three days of heavy rainfall and flooding injuring dozens of people, destroying property and killing livestock, Yemeni officials and the United Nations said Tuesday. They said that around 70 percent of the …
President Donald Trump has approved federal disaster aid relief for four Alabama counties affected by Hurricane Michael. The emergency disaster declaration covers Dale, Geneva, Henry and Houston counties, which are near the Florida panhandle where the hurricane made landfall Oct. …
Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts in areas impacted by Hurricane Michael. The order by Florida Insurance …
A weakened Hurricane Leslie slammed into the coast of Portugal, leaving 27 people injured as it uprooted trees, brought down power lines and smashed store windows with gusting winds and heavy rain. Over 60 people were forced to leave their …
The property/casualty re/insurance industry should be able to absorb the losses from Hurricane Michael, on top of losses from Hurricane Florence, as capital remains very strong, according to Fitch Ratings. Hurricane Michael will push 2018 closer to a more normal …
Using heavy equipment to push aside debris and with helicopters circling overhead, rescuers in the Florida Panhandle searched for trapped residents as officials warned on Friday the death toll from HurricaneMichael was likely to rise. At least 12 people were …
A severe cyclone damaged homes and blew down trees and power poles in eastern India, where nine people were killed and about 300,000 forced to move to higher ground. Cyclone Titli, or Butterfly, had winds blowing up to 150 kph …
In the storm-weary Carolinas, Hurricane Michael’s approach stoked fresh fears among homeowners who still have tarps on their roofs or industrial dehumidifiers drying their floors from destruction left by Hurricane Florence. Thousands of homes in North and South Carolina were …
Insurers, reinsurers and ILS investors could face significant losses from Hurricane Michael, a major Category 4 storm that began its assault on the Florida Panhandle Wednesday, according to a briefing from A.M. Best. Best said although Florida’s insurance market-share leaders …
