Insured losses from Subtropical Storm Alberto, the first named storm of the 2018 hurricane season, will be close to $50 million, according to Karen Clark & Co. KCC’s High Resolution U.S. Hurricane Model estimated the insured losses to residential, commercial, …
Storm Alberto weakened to a subtropical depression, moving across central Alabama after making landfall in the Florida Panhandle and bringing heavy rains that threaten the U.S. South with economic losses of $1 billion. Alberto was 30 miles (45 kilometers) west …
With the hurricane season beginning, top jobs at the U.S. Federal Emergency Management Agency remain vacant and critics say that will make it harder for the government to respond to disasters. FEMA lacks a second-in-command and three of four associate-administrator …
Subtropical Storm Alberto lost strength as it came ashore near Laguna Beach in Florida Monday, bringing heavy rains that threaten the U.S. South with economic losses of $1 billion. Alberto was 15 miles (24 kilometers) from Panama City, Florida, when …
The Florida fund that helps private insurers pay out claims after a hurricane remains in good shape heading into a storm season. Despite losses from Hurricane Irma, estimates show the Florida Hurricane Catastrophe Fund will have $17.3 billion available this …
An early forecast for the 2018 hurricane season calls for a slightly above-average season with 14 named storms, seven hurricanes, and three major hurricanes. Dr. Philip Klotzbach of Colorado State University (CSU), a non-resident scholar for the Insurance Information Institute …
