Tag: hurricane season

Tropical Storm Cindy provides this year’s flood insurance reality check to homeowners

Julie Campbell
Tropical Storm Cindy flood insurance

Property owners who didn’t heed warnings at the start of the hurricane season are thinking again. From the point that Tropical Storm Cindy received its name, it was already too late for homeowners to buy flood insurance for coverage against any damage it may cause. This was the warning government officials issued at the start of the hurricane season, but the message always reaches too few. The severe weather is expected to bring a foot of water, along with high winds, to Louisiana and Texas. Tropical Storm Cindy brought several…

Read More

Hurricane season starts today and Jeff Atwater issued insurance advice

Marc
hurricane season insurance losses storm

The Florida Department of Financial Services CFO recommends that homeowners look again at their policies. Florida Department of Financial Services CFO Jeff Atwater cautioned state residents that the hurricane season begins. He reminded them that sooner is better than later when it comes to reviewing a business or homeowners insurance policy to ensure the right coverage is there. Should a storm be identified and named, it’s too late to contact an insurer to change protection levels. “For a better chance of a complication-free claims process, Floridians should carefully review all…

Read More

2017 Atlantic Hurricane Season predictions after an early start

H. Cutner
2017 atlantic hurricane season Insurance industry

The majority of meteorologists are predicting that this year won’t be as active than 2016. The 2017 Atlantic Hurricane Season had an early beginning but meteorologists think it won’t be as active as last year. The number of hurricanes and name storms will be about average. That said, there are still a handful of meteorologists who think it will be slightly more active than normal. In fact, unlike the majority of weather experts, Global Weather Oscillations predicted that the 2017 Atlantic Hurricane Season would be the most active in the…

Read More

Hurricane Matthew insurance losses may not be as bad as expected

Julie Campbell
cost of hurricanes to insurance

Early predictions estimated that insured costs could reach $25 billion to $30 billion from the storm. Early industry estimates had suggested that Hurricane Matthew insurance losses may be the second highest the country has ever seen. This storm represented the first direct hit the United States has experienced from a hurricane in over ten years. It is still too early to know the total cost of the damage it caused. Estimates had said it could be as high as $25 billion to $30 billion. This would make the storm the…

Read More

Homeowners insurance industry officials recommend that consumers review coverage

Marc
Hurricane Isaac Homeowners Insurance Industry Damages

In light of the current hurricane season predictions, it may be wise for property owners to review their policies. The homeowners insurance industry has recently released a number of statements recommending that consumers take a moment to review the coverage they have so that they understand the type of coverage that will be available to them throughout the current hurricane season, which is expected to be an active one. This is a practice that insurance companies typically recommend on an annual basis, but reminders may help. According to the homeowners…

Read More