As Harvey makes its way closer to Texas, insurers are bracing for the impact of landfall. Forecasters and hurricane insurance companies alike are watching both Harvey and the rest of the Atlantic storms that are brewing. The season is expected to be more active than average and it is far from over. In fact, the Atlantic hurricane season has only just reached its peak and will continue until November. Many meteorologists and weather monitoring organizations have upgraded their initial forecasts for the season. Though it was originally expected to be…
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Hurricane insurance companies begin their responses to the damage
Following the devastation Hurricane Matthew left behind on the east coast, insurers are now responding to claims. Hurricane insurance companies are now responding to the thousands of claims they received as a result of Hurricane Matthew. These property damage claims occurred when the storm slammed its way across the bottom portion of the East Coast. Hurricane Matthew left its mark on states along the coast from Florida right through to Virginia. Damage was extensive in central Florida. That said, it wasn’t nearly as great as predictions had suggested. The area…
Read MoreHurricane insurance lesson learned by residents of Connecticut
Tropical Storm Irene had shoreline residents discovering things the hard way. For residents of Connecticut, who live along the shoreline, if previous storms had not taught them the lesson about the necessity for hurricane insurance, it was likely learned as a result of Tropical Storm Irene. The first issue was the complexity of a large type of claim on a policy. When a claim must be made on hurricane insurance, if it is a very large one, there are many issues that must be considered and this can make for…
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