Catastrophe

SC to request more Hurricane Florence relief funding

Funding to provide some relief to homeowners who live in flood plains and have no flood insurance

Wildfire claims will likely exceed $10 billion for second straight year – Aon

The standard assumption that wildfire is a “secondary peril” may have to change, says expert

Beazley to pay out $40 million for California fires

The insurer has estimated its costs for the wildfires, which killed dozens and destroyed thousands of homes

California’s latest destructive wildfires dim the future of its people and businesses

With loss estimates hovering at $19 billion, does rebuilding homes and setting up shop in the state make sense?

Hurricane Michael claims top $4 billion

More than a hundred thousand claims have been filed following the severe weather event

Mercury General takes $253 million hit from California wildfires

Catastrophe came on the back of losses from Hurricane Michael

Gender reveal party gone wrong caused $8 million Sawmill Fire

Gunshot sparked major wildfire incident that burned 45,000 acres

New technology gets consumers’ and insurers’ feet wet on flood risk

Pinpointed property data allows for better assessment of potential damage and more accurate insurance pricing

AIR Worldwide releases catastrophe-loss report

The ‘protection gap’ between insured losses and economic losses from catastrophes can be vast, report says

Wildfire victims are largely underinsured

And at least one industry insider is blaming price competition between insurance agents