Changes in air patterns as the world warms will likely push more and nastier hurricanes up against the east and Gulf coasts of the United States, particularly in Florida, according to a new study.
Tag: Florida hurricanes
Reinsurers Rethinking Business in U.S. Disaster Hotspots
Reinsurers are increasingly reconsidering their business in natural disaster-prone areas such as California and Florida as losses mount.
Median Economic Loss from Past Cat 3 Florida Storms Is $5.7B
The median economic cost of the 13 Category 3 hurricanes that have hit Florida since records began is $5.7bn, with an average of $14bn, according to the Icat Damage Estimator Tool. If Hurricane Dorian remains on its current projected track, the storm is set to hit the state’s eastern coastline early on Monday, with Tropical… Continue reading Median Economic Loss from Past Cat 3 Florida Storms Is $5.7B
Hurricane Irma’s Price Tag in Florida Passes $10 Billion
The price tag for Hurricane Irma keeps going up. The estimated insured losses in Florida have hit $10.5 billion, and that doesn’t even include flood damage. On the brighter side, the pace of new claims has slowed considerably in recent months and in our local counties, less than 4 percent remain open. Florida property owners… Continue reading Hurricane Irma’s Price Tag in Florida Passes $10 Billion