It is fair to say 2016 was the year of the catastrophe in the Southeast. Tornadoes, drought, floods, hurricanes, and wildfires impacted virtually every state in the region. For the insurance industry, these events made for a very busy year …
In September, Hurricane Hermine broke Florida’s hurricane drought that had lasted since 2005. The category 1 storm hit the Florida Panhandle, bringing significant storm surge to the Tampa Bay area before slowly traveling up the Eastern Seaboard. The storm weakened …
Citizens Property Insurance Corporation expressed satisfaction with its response efforts to the first hurricanes to hit Florida in more than a decade as the end of the 2016 hurricane season officially ended Nov. 30. “Policies and procedures put in place …
The Federal Emergency Management Agency (FEMA) has extended the deadline for National Flood Insurance Program (NFIP) policyholders to file claims from Hurricane Hermine. “After productive discussions between Insurance Commissioner David Altmaier and representatives of the NFIP on ways to assist …
Florida’s streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating officer of the Florida Hurricane Catastrophe Fund, said preliminary …
President Barack Obama has officially declared a major disaster for areas in Florida affected by Hurricane Hermine. A news release says Obama signed the disaster declaration Wednesday. The president’s action makes federal funding available to residents and businesses in Citrus, …
Gov. Rick Scott has ordered the Florida Department of Environmental Protection to investigate a sewage spill in St. Petersburg. Heavy rain during Hurricane Hermine overloaded the city’s sewer systems, sending millions of gallons of sewage to flow into streets and …
Hurricane Hermine, the first hurricane to make landfall in Florida in 11 years, is not likely to have a significant impact on the financial condition of the Florida Hurricane Catastrophe Fund (FHCF) or Citizens’ Property Insurance (Citizens), according to Fitch …
Hurricane Newton made landfall Tuesday morning in northwest Mexico and will probably cause damage from heavy rain. Cabo San Lucas, a popular tourist destination, will be hit by winds moving as fast as 90 miles (144 kilometers) an hour, according …
