Hurricane insurance losses from Hermine won’t hurt the industry

hurricane season insurance losses storm

The storm that made landfall in Florida on Friday certainly left damage behind, but nowhere near the worst. When Hermine made landfall in Florida, it left the first hurricane insurance losses seen in the state since 2005. While there were concerns that it would strengthen significantly, but fortunately the worst case didn’t happen. Hurricane Hermine left hundreds of thousands without power while flooding certain areas. Industry analysts have taken a look at the initial damages and have predicted that hurricane insurance losses won’t be crippling to property insurers. While the…

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The World’s Most Expensive Insurance Claims

Insurance News on catastrophe insurance losses

Damages add up big time for insurance industry. Insurance policies provide your business with security and assurance that your assets and possessions are accounted for in the event of unfortunate circumstances that directly affect your operations. Problems arise and come in different forms, but during the past decade, certain elements have become regular contributors in creating the most expensive insurance claims. By being able to identify and learn more about these factors, you can figure out if including them in your insurance policy is worth looking into. Natural elements Today’s…

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Hurricane insurance losses from mammoth storm reaches billions

Hurricane Sandy flood insurance

Sandy left a wide path of destruction in her wake when it slammed the U.S. North East. Although residents of the North Eastern United States had been hoping for the best, the hurricane insurance losses resulting from Sandy will likely hit the $5 billion mark and above. Insurers and others in the industry are already crunching the numbers from the “frankenstorm”. Even before beginning to perform these calculations, it was clear to the hurricane insurance industry that the numbers would run well into the billions. Fitch Rating, for example, said…

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