Live Insurance News

Hurricane season starts today and Jeff Atwater issued insurance advice

June 1, 2017May 31, 2017 Marc

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…

2017 Atlantic Hurricane Season predictions after an early start

May 2, 2017April 28, 2017 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…

Hurricane Matthew insurance losses may not be as bad as expected

October 10, 2016October 7, 2016 Julie Campbell

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…

Homeowners insurance industry officials recommend that consumers review coverage

June 14, 2016June 11, 2016 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…

Atlantic hurricane season starts today and may be an active one

June 1, 2016May 30, 2016 Julie Campbell

insurance news - atlantic hurricane season

North America could be in for a more active storm season in 2016 than has been the case for the last few years. The North American east coast may be getting itself ready for activity this Atlantic hurricane season, which means that residents, businesses and insurance companies on that side of the continent should likely start to keep an eye on weather reports and take the right steps to prepare. Over the last few years, major hurricanes have been few in numbers, but it only takes one to bring catastrophe.…

Hurricane season prediction model redesigned for the U.S.

July 1, 2015June 30, 2015 Julie Campbell

AIR Worldwide has recently announced updates to its model, which now includes a range of new features. The model used by AIR Worldwide, the catastrophe risk modeling firm, for predictions with respect to the hurricane season in the United States, has now been updated to take into account a number of new features and to provide a considerable amount of additional insight. The update to the Hurricane Model for the United States now includes notably more depth and simulations. The updates to the hurricane season forecast model includes a brand…

Hurricane insurance tips offered to Texas homeowners

May 25, 2015May 23, 2015 Julie Campbell

The season for these massive tropical storm reaches its official start on June 1, so preparations should be underway. As the official summer storm season gets going on June 1, hurricane insurance tips are now being issued to homeowners in Texas in order to help them to ensure that they have the coverage that they need and that they will be properly prepared to protect themselves and their families. The Insurance Department has issued a checklist to make sure that appropriate coverage is in place. On the checklist, some of…