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Hurricane Irma Victims Could Face Fight Between Insurers¸ Contractors

As homeowners in Central Florida and throughout the state assess damage inflicted by Hurricane Irma¸ 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 …

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Will FEMA Or Insurance Cover Irma-Related Sinkhole Or Washout Damage?

Across Central Florida¸ the ground is giving way as gaping holes are opening in backyards¸ schoolyards and roadways. The culprits are sinkholes and washouts — and victims wonder if the cause could be the extra water from Hurricane Irma. While the two may look similar on the surface¸ their causes differ — and only …

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Thousands File Travel Insurance Claims During This Year’s Busy Hurricane Season

The vacation is booked and one nagging question remains. Should we get travel insurance? Thousands are relieved they opted for the extra expense during this year's active hurricane season. "Hurricane Irma has caused thousands of our customers to cancel their trips to Florida¸" Daniel Durazo¸ director of …

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Irma Insurance Claims Already Near $2 Billion

With 335¸000 insurance claims representing $1.9 billion in property losses¸ Hurricane Irma already has exceeded the claims and losses from the two hurricanes that pummeled Florida last year¸ the state Office of Insurance Regulation reported Monday. Calculated through Sunday afternoon¸ Irma's losses easily …

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Insurance Drone Operator Donating Service To Expedite Irma Claims Processing

In the devastating wake of Hurricane Irma in Florida¸ roads are damaged¸ trees and power lines are down¸ and houses and buildings have been battered. All of which makes it difficult to get to many sites to review them for claims. That's where drones can come into play — and one drone operator has offered carriers …

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Agriculture Leaders To Survey Florida Damage After Irma

U.S. Secretary of Agriculture Sonny Perdue is scheduled to survey agricultural damage in Florida from Hurricane Irma. Perdue will visit the state Monday¸ starting in Clewiston. According to a news release¸ he will fly with Florida Agriculture Commissioner Adam Putnam to view the storm's impact on crops. Irma dealt …

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Large Corporate Claims From Hurricane Irma May Take Years To Settle

Insurance claims are already pouring in from policyholders with properties damaged by Hurricane Irma. The United States mainland sustained about $18 billion of insured loss¸ with the majority of damage seen in Florida¸ followed by Georgia¸ South Carolina¸ and Alabama¸ according to catastrophe modelling firm Karen …

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Hurricane Irma Insurance Losses May Be Far Lower Than First Predicted

Following predictions of apocalyptic Hurricane Irma insurance losses¸ it appears as though the storm may be costly¸ but nowhere near the worst case scenario. It's still far too early for specific totals¸ but recent figures suggest they may be as low as $10 billion. Randy Binner¸ an insurance analyst¸ explained …