We open this edition with a hats-off to Florida insurance regulators for their steadfast support of policyholders. Last week’s Hurricane Milton was certainly bigger than Helene two weeks earlier, with insured losses now estimated at between $30 billion to $50 billion. The Insurance Information Institute expects Milton will be the largest insured loss of any …
In the midst of an already devastating hurricane season, Hurricane Milton first popped onto radars on October 4th as a swirl in the Gulf of Mexico under the name Tropical Depression Fourteen, before exploding into a category 5 hurricane almost overnight. Over a …
Recovery from Florida’s other big hurricane this season – Helene – has had to take a backseat to Milton. Arriving just 13 days before Milton, the Category 4 hurricane is now responsible for 20 deaths in Florida, among the 231 lives lost across the Southeast and …
An updated report of good news about Florida’s property insurance market from its insurance commissioner, a new rule to improve transparency in the claims adjusting process, and a new poll shows how important insurance costs are to Florida voters. It’s all in this week’s Property Insurance News.
Market …
