CoreLogic found that from Texas to Maine, more than 32.7 million residential properties are at risk of moderate or severe damage sustained from hurricane-force winds.
Tag: property damage
Aon: U.S. Insurers Incur Billions of Dollars in Losses from May 16-22 Severe Storms
Severe convective storms May 16-22, including a derecho system that charged across Gulf states from Texas to Florida, caused billions of dollars in estimated insured losses in the United States, according to Aon.
Severe Storms Rumble Across Eastern U.S.
More severe storms and flash flooding will continue for parts of the U.S. on Thursday after an intense line of storms whipped through multiple states with heavy rain and tornadoes, leaving extensive damage and killing at least least one person.
Customer Satisfaction with Homeowners Insurance Property Claims Declines to 7-Year Low
According to the J.D. Power 2024 U.S. Property Claims Satisfaction StudySM, released today, the increase of severe storms has led to a larger number of high-severity claims and notably longer time frames for all major steps of claims—estimating the damage, paying the customer and completing the work—all negatively affecting satisfaction, which declines to the lowest level in seven years.
Claims from Central U.S. Severe Storms Top 27,000
Several insurers have taken in more than 27,000 claims related to mid-March severe convective storms across the middle of the country, from Texas to Ohio.
Florida’s Gulf Coast Begins Cleanup from Hurricane Idalia
Cleanup and recovery from Hurricane Idalia began on Thursday along Florida’s Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago.
Death Toll Climbs to at Least 36 in Maui Wildfires
At least 36 people have been killed in the wildfires that tore through the Hawaiian island of Maui, county officials said late Wednesday night, making it one of the country’s deadliest fires in years.
Cities Sue Hyundai, Kia After Wave of Car Thefts
A slew of cities have sued Kia Corp. and Hyundai Motor Co., blaming the automakers for the uptick in joyriders stealing cars, causing property damage, and draining police resources.
FL Homeowners Reduced Flood Insurance Coverage Years Before Ian Hit
In the years leading up to Hurricane Ian inundating coastal and inland areas with up to 15 inches of rain, Florida homeowners had reduced their flood insurance coverage. Only a small percentage of homes in two of Florida’s hardest-hit inland counties have flood insurance. According to an analysis by Neptune Flood, a private-sector flood-insurance provider,… Continue reading FL Homeowners Reduced Flood Insurance Coverage Years Before Ian Hit
Supply Chain Challenges Will Complicate Rebuilding Efforts after Ian
The difficult task of rebuilding communities devastated by Hurricane Ian is expected to be exacerbated by a problem that has persisted since the pandemic’s inception: clogged supply chains. After landing as one of the strongest storms to hit the United States, Ian wreaked havoc across Florida, knocking out power to more than 2 million homes… Continue reading Supply Chain Challenges Will Complicate Rebuilding Efforts after Ian