Hurricane Michael claims News

Insurers Pay $4.1M in Claims During Recent Hurricane Michael Claims Villages

Claims villages hosted by the Florida Department of Financial Services since August 2019 have led to the resolution of $4.1 million in insurance claims for nearly 750 residents impacted by Hurricane Michael, according to a statement from DFS. In total, …

Florida’s New Consumer Advocate Tackles Open Hurricane Michael Claims

Florida’s new Insurance Consumer Advocate Tasha Carter has been busy since taking office August 1. With more than 12,000 Hurricane Michael claims still open, according to the Florida Office of Insurance Regulation, one of Carter’s top priorities has been to …

Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims

It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured losses, according to the Florida …

Fake Claims, Price Gouging, Bogus Contractors: How Fraudsters Steal Disaster Aid

As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid flowing into the stricken …

4 Facts that the Number of Open Michael Claims Won’t Tell You

Much is being made of a recent call by Florida Insurance Commissioner, David Altmaier, for insurance companies to “redouble efforts to resolve all open claims…” related to Hurricane Michael. Here’s the story in Insurance Journal. He’s right. These claims need …

Florida Regulator Calls Open Hurricane Michael Claims ‘Discouraging’; Plans Data Call

With more than 20,000 claims related to Hurricane Michael still open nine months after the storm hit the Florida Panhandle, Florida’s top insurance regulator is calling on the insurance industry to take “all actions necessary” to bring policyholder claims to …