Tag: storm insurance

Hurricane insurance losses from Hermine won’t hurt the industry

G. Turner
hurricane season insurance losses storm

The storm that made landfall in Florida on Friday certainly left damage behind, but nowhere near the worst. When Hermine made landfall in Florida, it left the first hurricane insurance losses seen in the state since 2005. While there were concerns that it would strengthen significantly, but fortunately the worst case didn’t happen. Hurricane Hermine left hundreds of thousands without power while flooding certain areas. Industry analysts have taken a look at the initial damages and have predicted that hurricane insurance losses won’t be crippling to property insurers. While the…

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The cost of natural disaster insurance hasn’t been this low in 6 years

Julie Campbell
Austrailia Has Seen it's Share of Natural Disaster insurance

Global insurers saw the lowest expenses associated with those catastrophes they’ve seen since 2009. According to the largest reinsurance company on the planet, last year’s costs for natural disaster insurance claims – that is, the expenses from catastrophes such as earthquakes and massive storms – were lower than they have been since 2009. The reinsurer released a report that looked back over the last year and showed it was less costly than the last six. The reinsurer in question was Munich Re, which released its analysis of natural disaster insurance…

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The 2015 hurricane season predictions are good insurance news

Julie Campbell
insurance news - atlantic hurricane season

If the recent forecasts are correct about this year, it could mean that damage and claims will be low. A set of insurance news forecasts have now been released with regards to the 2015 Atlantic basin hurricane season and it looks as though this year could be offering another one that is on the quiet side. Researchers at Colorado State were among those that released their 2015 hurricane season forecast. The predictions from Colorado State have been made since 1984 and are those that are frequently consulted when seeking a…

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Homeowners insurance advice issued in Georgia following powerful storms

Logan B.
Georgia Homeowners Insurance

Insurance Commissioner Hudgens provides some advice to homeowners in the state Georgia is no stranger to natural disasters, but many of its residents may not know how to handle their insurance companies in the wake of a severe storm. Several powerful storms have tore through the state in recent weeks, highlighting a lack of awareness concerning certain insurance issues. The state’s Insurance Commissioner, Ralph Hudgens, has provided some recommendations for those that have had their properties damaged by recent storms. Getting in contact with an insurance agent and documenting damage…

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Oregon Insurance Division urges consumers to be cautious during the winter

S.Vagus
homeowners insurance information institute winter snow ice

Winter storms take their toll on Oregon Winter storms have been causing problems for homeowners and drivers recently. The U.S. has fallen victim to what is being called a “polar vortex.” This natural phenomenon has lead to freezing temperatures throughout the U.S. and significant snowfall in many parts of the country. States that do not typically see heavy snowfall, such as Georgia, have suffered from the impact of the polar vortex has snowfall causes damage to properties and creates dangerous driving conditions. In Oregon, state officials are issuing warnings when…

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