hurricane insurance coverage Archives

Nature Conservancy adds $2 million insurance coverage for Hawaii’s coral reefs

June 14, 2023June 14, 2023 Julie Campbell

Insurance coverage - Coral Reefs in Hawaii

The Central Pacific hurricane season is already underway, and the state is preparing for damage. The Central Pacific hurricane season has started, and this year, the Nature Conservancy has purchased $2 million in insurance coverage to protect against potential damage to the coral reefs in Hawaii. This represents the first time the Nature Conservancy has purchased this type of policy. This insurance coverage is the first of its kind in the United States, in an important move that acknowledges the impact of climate change on increasingly common and destructive hurricanes…

Hurricane Ian places more strain on Florida’s insurance crisis

October 3, 2022September 30, 2022 Marc

Hurricane Ian - A hurricane over Florida

Last week’s massive storm could prove to be among the most expensive in the country’s history. It remains too early to know precisely how much damage Hurricane Ian left behind as measured in dollars, but experts from Enki Research expect that the massive storm will likely have caused between $30 billion and $60 billion in damages and economic losses. The storm struck the west coast of Florida at 150 miles per hour and smashed its way through the state. The insurance industry currently predicts that it will face losses of…

Hurricane insurance companies release post-Ian policyholder tips

September 29, 2022September 28, 2022 Nordstrom

As the storm thrashed its way onto the Florida Gulf Coast, insurers were braced and ready with advice. As Storm Ian makes its way across Florida, hurricane insurance companies are hoping to help customers to stay safe and know what to do after the storm has gone by. Though storm surge was the biggest threat along the Gulf Coast, wind and flooding threaten inland. Hurricane insurance companies always recommend making paper copies of policies stored in waterproof cases such as plastic resealable freezer bags. Saving policies online in the cloud…

Will this season underscore the importance of hurricane insurance

September 1, 2022August 31, 2022 Nordstrom

Hurricane insurance - Hurricane Ahead Sign in water

This weekend presents a reminder of the importance of obtaining coverage before storms happen. Hurricane insurance is once again in the spotlight as the upcoming long weekend is expected to include the naming of two Atlantic storms as the season approaches its peak. This serves as a reminder of how important it is to have the right coverage in place at this time of year. This season has seemed exceptionally quiet, without a named storm having occurred by the start of September. That said, it is far from over and…

Consumers seek hurricane travel insurance coverage for their vacations this season

July 26, 2019July 25, 2019 Julie Campbell

Hurricane travel insurance coverage - Hurricane in Key West

After a few years of activity during the Atlantic storm season, travelers are looking into their options. The last few years have come with active Atlantic storm season, encouraging travelers this year to look into hurricane travel insurance coverage. Travelers are looking into the types of policy available and how much it will cost. The hurricane season runs from June through November every year. While some seasons see barely any storm activity at all, others are highly active. This year has already seen storms and Barry managed to make landfall…