NICB: Hurricanes Leave Record Numbers Of Vehicles Damaged

Flooded vehicles have finally stopped arriving at the east of Houston. Some 23¸000 now await processing and retitling to be auctioned off for parts or to be scrapped. That is just one of several insurance industry salvage locations where more than 422¸000 insured vehicles damaged by Harvey have been taken for processing. According to the National Insurance Crime Bureau (NICB)¸ these totals surpass the number of claims that resulted from (approx. 300¸000) and from (250¸500). In addition¸ more than 215¸000 claims have been filed following damage to vehicles from in Florida.

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NICB: Hurricanes Leave Record Numbers Of Vehicles Damaged

Flooded vehicles have finally stopped arriving at the east of Houston. Some 23¸000 now await processing and retitling to be auctioned off for parts or to be scrapped. That is just one of several insurance industry salvage locations where more than 422¸000 insured vehicles damaged by Harvey have been taken for processing. According to the National Insurance Crime Bureau (NICB)¸ these totals surpass the number of claims that resulted from (approx. 300¸000) and from (250¸500). In addition¸ more than 215¸000 claims have been filed following damage to vehicles from in Florida.

Read more here:: The Claims Page USA

CAT Crews Busy Closing Out Hurricane Claims

The relentless hurricane season is keeping Bloomington-based insurers busy. With seven weeks to go¸ the 2017 hurricane season is already the third most active on record. That’s led to tens of thousands of claims worth hundreds of millions of dollars for Insurance and ¸ the companies said Friday. ¸ which killed 77 people and flooded much of Houston in late August¸ has led to 39¸420 auto claims totaling $426.8 million at ¸ a company spokesperson said. That was followed by ¸ which killed more than 130 people in early September as it moved across the Atlantic and into Florida.

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Decisions Still Pending on 3 Florida FEMA Appeals

Florida communities cleaning up and making repairs after may expect the U.S. government to reimburse their costs, but an analysis by The Associated Press shows the Federal Emergency Agency make take years to pay those bills – …

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Universal Insurance Expects Up To $450M In Hurricane Irma Losses

Fort Lauderdale-based Universal Insurance Holdings said it expects to pay out between $350 million to $450 million in claims from . The company¸ parent of Universal Property & Casualty¸ Florida’s largest insurer¸ said in a news release that it has had about 50¸000 claims related to Irma from Florida and other affected states in the Southeast. More than 90 percent of reported claims have been inspected¸ and nearly 50 percent have been closed¸ the company said. Universal Property & Casualty had 595¸553 residential and commercial policies in Florida at the end of June¸ according to data compiled by state insurance regulators.

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Death Toll Climbs to 14 for Florida Nursing Home That Lost AC in Irma

Two women who lived at a Florida nursing home that lost air conditioning during have died, bringing to 14 the number of fatalities linked to the home. , 90, and , 95, died from ailments suffered …

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Florida’s Citizens cites $1.23 billion of insured Hurricane Irma losses

will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation.

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Florida to deploy anti-fraud strike teams in Hurricane Irma aftermath

Florida’s Department of Financial Services is taking preventive actions to combat in the wake of .

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U.S. commercial insurance prices remain nearly flat in Q2

reports on insurance price changes in Q2 for 2017, well before and .

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Eyewitness to Destruction, Hope: TOPA Insurance CEO Shares Caribbean Hurricane Experiences

When Topa Insurance Group President and CEO John Donahue arrived in the U.S. Virgin Islands (USVI) just a few days after hit, one of the first things he noticed aside from the utter devastation was the look in …

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Risk management and contracting after Hurricane Irma

Construction professionals must be diligent in their post-Irma risk strategies to minimize losses.

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Irma’s Destruction of Mobile Homes Challenges Florida Keys’ Recovery

has a vision for affordable housing in the : residences set at coconut-tree height to keep them dry, atop concrete columns holding them in place. clients sought out his designs before struck …

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Florida’s Hurricane Irma Debris Could Linger for Months

Officials across the state of Florida say the cleanup of debris left in ‘s wake could last until the end of hurricane season. In the hard-hit , officials say 400 members of the Florida National Guard …

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Citizens Property Insurance: Irma Less Damaging In Florida Than First Feared

Florida was spared the worst of . And as homeowners continue to file insurance claims¸ it’s becoming clear just how glancing the blow was for most of the state. As of Wednesday morning¸ Citizens Property Insurance Corp. had received 45¸681 claims. On a Wednesday morning conference call with board members¸ board chairman said the state-run insurer of last resort now anticipates a total of about 70¸000 claims over the next 18 to 24 months.

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Citizens Estimates $1.23B In Insured Losses from Hurricane Irma

will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation over the next 18 to 24 months, according to initial estimates presented to Citizens Board of Governors on Wednesday. Chris …

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Puerto Rico’s Losses From Hurricane Maria May Top $72 Billion

As continues to plead for more aid from federal agencies¸ catastrophe-modeling firm AIR Worldwide says the storm could result in up to $72 billion in losses on the island. Overall¸ says the group¸ losses from are estimated to range between $40 billion and $85 billion. That’s higher than the estimated damages from or . And at least 85% of those damages are in Puerto Rico.Those losses also do not include losses to uninsured properties – and only half of the homes in Puerto Rico are thought to have policies that protect against wind damage¸ meaning the grand total could easily near or top $100 billion.

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Deaths Spark Governor’s Call for Generators in Florida Nursing Homes

After 11 nursing home residents died in the sweltering heat of hurricane-induced power outages, Florida’s nursing home industry is now on a collision course with Gov. . Days after ravaged the state, Scott used his emergency powers …

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Hurricane Irma’s commercial property damage & how prep helped limit losses

really highlighted the importance of being well prepared and having evacuation, business continuity, and emergency communications plans in place.

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Hurricane Irma Victims Could Face Fight Between Insurers¸ Contractors

As homeowners in and throughout the state assess damage inflicted by ¸ many could find themselves in the middle of a tug-of-war between their insurance companies and contractors. More than 452¸000 insurance claims worth an estimated $2.7 billion have been filed in the aftermath of so far¸ with more to come. But even before Irma hit¸ state regulators and insurance companies were warning customers about contractors who might push homeowners to sign contracts to get work done quickly.

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As Recovery Begins, Industry Tallies Irma’s Mounting Costs

With two Florida landfalls in the same day, ‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by CoreLogic. Residential property flood loss is estimated …

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