AM Best expects insured losses from Hurricane Sally to be significant for the U.S. National Flood Insurance Program (NFIP), and sizable for some insurers with large private flood exposures in Alabama and Florida. A new Best’s Commentary, “Potentially Severe Flood Losses from Hurricane Sally,” states that insured losses, as compared with events such as the… Continue reading NFIP Could See Severe Losses from Hurricane Sally: AM Best
Tag: Hurricane Sally
Hurricane Sally to Be 8th Named Storm to Make U.S. Landfall
U.S. Gulf Coast residents from Louisiana to Florida should prepare for Hurricane Sally, which is forecast to make landfall on Tuesday, according to the Insurance Information Institute (Triple-I). In a Monday afternoon advisory, the National Hurricane Center (NHC) indicated there is uncertainty over the specific timing and location of Sally’s landfall, as well as its… Continue reading Hurricane Sally to Be 8th Named Storm to Make U.S. Landfall