Category: Natural Disasters

Hurricane statistics, floods, fire storms, tsunami, earthquakes – we report the world’s natural disaster events. These life changing events not only rock the industry but leave residents and business owners in dire situations.

Florida Home Insurance Premiums on the Rise Again

G. Turner
Florida Home Insurance

Why Florida’s Insurance Rates Are Climbing Faster Than Ever Home insurance premiums in Florida are climbing higher, sparking fresh concerns among homeowners and consumer advocates. While stabilized rates in early 2024 offered respite, recent data from the third quarter show an uptick in costs, reversing the trend of slowing increases. Understanding the factors behind these changes is vital for homeowners and industry leaders alike, as new dynamics including inflation, reinsurance prices, and storm recovery efforts take center stage. Rising Insurance Premiums in Florida An analysis of data from Florida’s Office…

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Wildfire Smoke and Dementia Risk: An Overlooked Health Crisis

Angela Linders
Wildfire Smoke and Dementia Risk

New Study Uncovers Emerging Dangers of Wildfire Smoke The connection between wildfires and their devastating effects on property and insurance markets has long been discussed. But emerging evidence from a University of Washington-led study reveals a critical health dimension to the problem. The study links long-term exposure to wildfire smoke with an increased risk of dementia, especially in vulnerable populations. These findings highlight the often-overlooked impact of wildfires, which could lead to higher health insurance rates and exacerbate existing health issues. Coupled with the broader impacts of climate change on…

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From Repeal to Rescue: Why Republicans Are Backing Affordable Care Act Subsidy Extensions

Live Insurance News
Affordable Care Act

Republicans Warming to ACA Subsidies Amid Healthcare Challenges A recent Forbes article has brought attention to a growing shift among Republican lawmakers regarding their stance on extending health insurance subsidies under the Affordable Care Act (ACA). Commonly known as Obamacare, the ACA has long been polarizing, but this change signals a recognition of the program’s widespread impact. The subsidies, expanded under the Inflation Reduction Act (IRA) of 2022, have played a crucial role in making healthcare more affordable for millions of Americans. With these provisions set to expire at the…

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Windstorm Coverage for All? The Bold New Proposal for Citizens Insurance

G. Turner
Citizens Insurance

Florida House Bill 13 Proposes Transformations for Citizens Insurance A significant proposal aimed at reforming Florida’s state-backed Citizens Property Insurance Corporation is currently under review for the 2025 legislative session. House Bill 13, introduced by Representative Hillary Cassel of Broward County, suggests making Citizens Insurance available to all Florida property owners while limiting its coverage exclusively to windstorm damage. This proposal has sparked considerable debate, with varying opinions emerging on its potential effectiveness. Expanding Windstorm Coverage to All Floridians House Bill 13 proposes transforming Citizens Insurance into a windstorm-only insurance…

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Mississippi Supreme Court Upholds $15M Compensation in USAA Hurricane Katrina Dispute

Ben Jones
Mississippi Supreme Court

Insurance News – Mississippi Supreme Court Ruling Nearly two decades after Hurricane Katrina devastated the Gulf Coast, the Mississippi Supreme Court has reached a decisive conclusion in a high-profile case involving the United Services Automobile Association (USAA) insurance company. The court ruled in favor of the Minor family, ordering USAA to pay $15 million in punitive damages and legal fees over allegations of bad-faith conduct towards the policyholders. The ruling marks the culmination of a long legal struggle over claims tied to the destruction of the Minor family’s historic Ocean…

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