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Hurricane Ian, the second costliest insured event on record, accounted for 40% of 2022's global insured losses, Aon reports.
The properties, located across three states, have a combined reconstruction value of $4.5B, CoreLogic reports.
Insurance industry news from NFP, InsurTech Corridor, FloodFlash and more.
Dishonest contractors and fake charities characterize the scams targeting recent tornado victims in the South.
Nearly all holiday decorators may be unwittingly introducing more than just Christmas cheer into their homes – in the form of increased risk.
On December 10, 2021, a tornado struck the plant, causing the building to collapse. Nine people were killed and several others were injured.
Valued policy laws generally apply only to buildings and structures, and only to losses due to perils specified in the law.
Determining too soon if wind or flooding caused damages is just the first step into the potential legal minefield trailing in Hurricane Ian's wake.
The early estimates come as Ian is expected to move into the Carolinas and cause further havoc up the east coast.
Personal auto lines have become a drag on the entire sector as inflation and loss cost severity continue to hammer insurers.
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