How Citizens is losing policies
Hurricane Helene and Milton Florida insurance claims now total $7.3 billion with more than 90% of claims closed, Citizens Property Insurance reports continued success in its depopulation and new agent clearinghouse while litigation declines, Uber …
Focus on FEMA, NFIP, plus latest storm payouts
Florida insurance regulators want more information on federal flood insurance claims problems following hurricanes Debby, Helene, and Milton; FEMA borrows $2 billion from the U.S. Treasury to pay Helene and Milton flood …
Hurricane rebuilding in the balance
Months after Hurricanes Helene and Milton, the impact of the storms is still being felt all across Florida. A recent analysis from Munich Re found that Hurricane Milton caused the largest insured losses from any …
‘Manageable’ event for carriers
While Florida residents braced themselves for a wild 2024 storm season, the Florida Hurricane Catastrophe Fund and insurance companies statewide prepared for the worst. In total, the Cat Fund is expected to pay out $4.6 billion …
This is a special edition of our LMA Newsletter that we are devoting to the topic of fortifying our homes, in the wake of the devastation from Hurricanes Helene and Milton. We’re going to share with you the latest building …
Most losses appear to be from flood, not wind
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 …