Recent natural disasters have exposed how few Americans have flood insurance – with experts now warning of the potentially devastating impact this can have. Large swathes of the southeast US have been hit by deadly hurricanes in recent weeks. Worst-hit areas in North Carolina are dealing with the ruins left by Hurricane Helene, which destroyed homes
Two hurricanes hit Florida in recent weeks, exacerbating a home insurance crisis in the state. Insurance experts said the back-to-back hurricanes could signal rising insurance rates nationwide. The global reinsurance market is reckoning with an increasing number of climate catastrophes. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on
With untold numbers of properties wrecked by Hurricanes Helene and Milton in recent weeks, homeowners across the Southeast will be in close contact with insurance agents until their claims are resolved. Experts say it’s not the end of it: Climate change is only going to intensify the frequency and expense of claims going forward. And disaster losses
Until late last month, there was optimism in the insurance industry. Hurricane season had been quiet and the number of wildfires was still below the yearly average. Insurers were beginning to hope that the cost of reinsurance — that is, insurance for insurers — would only inch up next year, instead of shooting higher as
As open enrollment for Medicare will begin Tuesday, the Idaho Department of Insurance is promoting free information. The state insurance agency is also encouraging people eligible and existing enrollees to review plan options and costs during open enrollment for the federal health program that provides health insurance for older Americans. When is Medicare open enrollment? And what
WINNIPEG, Manitoba — Just a little more offense, particularly from the first line, could’ve lifted the Blackhawks to a win Friday. The Jets kept Connor Bedard and Teuvo Teravainen quiet, however, and stunned the Hawks 2-1 in overtime after two goals by Mark Scheifele — one that tied the game with 1:04 left in regulation
NEW ORLEANS (WVUE) – As Floridians recover from hurricanes Milton and Helene, they’re also grappling with skyrocketing insurance premiums. “The average home insurance price in Florida is over $11,000 a year,” said Chris Schafer, a senior editor at Insurify who focuses on home insurance. Florida, like Louisiana, is facing an insurance crisis. “To put it
Homeowners in California mountain towns are among the millions of Americans struggling as private insurance companies abandon them in the wake of extreme weather, with a costly state-run plan their last resort. What’s happening? As detailed by the New York Times, San Bernardino Mountain communities are experiencing an insurance crisis as climate-driven wildfire and blizzard
Florida CFO Jimmy Patronis joins ‘Fox & Friends’ to discuss the state’s property insurance crisis as residents reel from Hurricane Milton. Floridians are just starting to pick up the pieces after Hurricane Milton ripped through the state. But some residents are especially reeling from a lack of insurance protection. Chief Financial Officer Jimmy Patronis joined
PEMBROKE PARK, Fla. – Helene and Milton are two names many Floridians won’t soon forget as they recover from the major hurricanes, with many hoping to rebuild. But will the two major storms, coming essentially back-to-back, sink Florida’s property insurance market? Mark Friedlander from the Insurance Information Institute said, “The hurricanes we’ve seen to date,