With over 50,000 claims and more than $500 million in estimated damage, the impact is widespread, but experts suggest the storm might not be as devastating to Florida insurance companies as feared.
Tag: Florida
New Study: People Are Leaving Some Neighborhoods Due to Floods
Hundreds of thousands of neighborhoods in the United States are seeing population decline as a result of flooding, new research suggests. Those neighborhoods are often located in areas that are growing in population overall, including parts of Florida, Texas and the region around Washington, D.C.
How Billion-Dollar Hurricanes, Other Disasters Are Starting to Reshape Insurance Bills
As coastal residents pick up the pieces in Florida, Georgia and the Carolinas, the final price tag from Idalia is far from clear. But one thing is already known – the storm is yet another reminder that protecting homes with insurance is getting harder, riskier and more expensive.
Hurricane Idalia Makes Landfall in Florida
Hurricane Idalia’s damaging winds moved inland through northern Florida early Wednesday as a catastrophic storm surge washed through the coastal Big Bend region.
As Idalia Nears, Florida Officials Warn of ‘Potentially Widespread’ Gas Contamination
Florida officials are warning drivers of potential fuel contamination at dozens of gas stations on the Gulf Coast as residents brace for the landfall later this week of Tropical Storm Idalia.
State Farm to Remain in Florida as Farmers Insurance Pulls Out
Gov. Ron DeSantis’ office confirmed that State Farm Insurance plans to continue its presence in the Florida insurance marketplace after Farmers Insurance declared plans to leave the state.
Florida CFO Threatens Investigation of Farmers Insurance Amid Exit
Florida Chief Financial Officer Jimmy Patronis announced on Tuesday that his department would look into complaints against Farmers Insurance, which is set to exit Florida’s insurance market.
Surfside Condo’s Pool Deck Had ‘Severe Strength Deficiency,’ Investigators Say
The condo in Surfside, Fla., that collapsed two years ago had a “severe strength deficiency” in its pool deck, with a design that failed to meet building codes and construction that did not follow its original plans, federal investigators said Thursday.
Amid Settlement Talks, U.S. Judge Allows 3M, Florida City to Delay ‘Forever Chemicals’ Trial
A trial in which Florida’s Stuart city sued industrial conglomerate 3M Co over water contamination from toxic “forever chemicals” was postponed by a U.S. judge on Monday, according to a court filing.
Post Hurricane Ian Many People in Fort Meyers Still Living in Tents
People in Fort Myers, Fla., are scrambling to find housing after Hurricane Ian devastated the area in September, forcing some residents to camp in places where their homes once stood.