IFAwebnews » hurricanes

Hurricane Irene loss estimate raised to $4.3 billion

Bob Graham — Tue, 06 Dec 2011 10:39:27 +0000

The latest estimates of catastrophic losses from August's Hurricane Irene project total property damage at $4.3 billion, with the worst damage in New Jersey and North Carolina.

Hurricane Irene loss estimate raised to $4.3 billion via IFAwebnews.

Irene’s fury biggest blow as 2011 Atlantic hurricane season ends

IFAwebnews Staff — Fri, 02 Dec 2011 12:35:29 +0000

The 2011 Atlantic Hurricane season ended Nov. 30 after producing seven major hurricanes, including three major ones, according to the National Oceanic and Atmospheric Administration.

Irene’s fury biggest blow as 2011 Atlantic hurricane season ends via IFAwebnews.

Hurricane Irene just a piece of year’s growing insured losses

Jaime L. Brockway — Wed, 14 Sep 2011 11:55:09 +0000

Losses from Hurricane Irene may be as high as $6.6 billion, which is relatively low compared to total losses for the year so far.

Hurricane Irene just a piece of year’s growing insured losses via IFAwebnews.

Hurricane Irene’s fury ‘somewhat limited’ for insurers, reinsurers

Bob Graham — Tue, 30 Aug 2011 23:15:03 +0000

A key ratings service expects a “somewhat limited impact” from Hurricane Irene for U.S. property-casualty insurers and global reinsurers.

Hurricane Irene’s fury ‘somewhat limited’ for insurers, reinsurers via IFAwebnews.

Hurricane Irene: Private-sector insurance sound; state-run doomed

Jaime L. Brockway — Fri, 26 Aug 2011 19:16:10 +0000

Private-sector insurers have more than enough financial resources to cover any damage caused by Hurricane Irene, although state-run property insurers may not be so lucky, an insurance association says.

Hurricane Irene: Private-sector insurance sound; state-run doomed via IFAwebnews.

Insurers to pay $8 million in first Chinese drywall settlement

Jaime L. Brockway — Mon, 02 May 2011 11:12:41 +0000

Residents of homes with faulty drywall reached an $8 million settlement with a New Orleans company that distributed the Chinese drywall to homes in the Gulf region for rebuilding after hurricane disasters.

Insurers to pay $8 million in first Chinese drywall settlement via IFAwebnews.

Florida approves rate hikes of up to 62% for State Farm

IFAwebnews Staff — Mon, 11 Apr 2011 13:01:41 +0000

Florida’s insurance commissioner has approved rate hikes averaging 18.8% for homeowners who are covered by State Farm.

Florida approves rate hikes of up to 62% for State Farm via IFAwebnews.

Florida appeals court rules public insurance adjuster ban illegal

IFAwebnews Staff — Fri, 31 Dec 2010 11:05:03 +0000

A Florida appeals court ruled Dec. 29 that public insurance adjusters' commercial free speech rights are violated if they are prohibited from soliciting people until 48 hours after an event that could lead to an insurance claim.

Florida appeals court rules public insurance adjuster ban illegal via IFAwebnews.

Citizens Property Insurance rate hikes approved in Florida

Jaime L. Brockway — Sat, 16 Oct 2010 18:48:34 +0000

Florida Insurance Commissioner Kevin McCarty approved multiple rate hikes for Citizens Property Insurance, a major coastal property insurer in the state.

Citizens Property Insurance rate hikes approved in Florida via IFAwebnews.

Louisiana’s insurer of last resort settles Hurricane Katrina suit

IFAwebnews Staff — Thu, 26 Aug 2010 11:19:24 +0000

Louisiana Citizens Property Insurance Corp. plans to pay $23 million to settle a civil suit where thousands of people say they were not properly compensated for hurricane losses after Hurricanes Katrina and Rita.

Louisiana’s insurer of last resort settles Hurricane Katrina suit via IFAwebnews.