Claims / Legal
Florida CFO Urges Outright Ban on AOB Agreements
In the wake of Hurricane Ian, Florida's chief financial officer has taken a hard line on insurance claims litigation, calling for an outright ban on assignments-of-benefits agreements. At a press ...
Florida Tesla Fires Linked to Saltwater Damage From Hurricane Ian
A Florida senator is calling for action from the Transportation Department and automakers after a series of electric vehicle fires tied to Hurricane Ian. The storm caused flooding and destruction ...
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net
Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian, sending over $1 billion of the total to ...
Broken Infrastructure, Scattered Wreckage, Alligators Greet Claims Teams
Damaged infrastructure created new obstacles for claims adjusters responding to Hurricane Ian, along with widespread flooding, damaged cellphone towers and even an occasional alligator. Sedgwick ...
All of the Hurricane Ian Insurance Loss Estimates
Over the course of the last two weeks, Carrier Management and Insurance Journal have been reporting on estimates of insured losses from Hurricane Ian. Below is a summary of estimates announced by ...
New and Revised Ian Loss Estimates, Images of Property Damage Published
On Friday, Oct. 7, RMS published a $53-$74 billion estimate of the range of losses coming to private market insurers from Hurricane Ian. The low end of the range, coincidentally matched the high end ...
Viewpoint: Hurricane Ian, Anti-Concurrent Loss Language and Ambiguities
On Sept. 28, 2022, the nearly Category 5 Hurricane Ian made landfall in southwest Florida with maximum sustained winds clocked at approximately 150 MPH. Reports out of Lee County, Fla., have been ...
UPDATE: Nearly 360,000 Fla. Properties Flooded By Ian: ICEYE
ICEYE, a provider of SAR (synthetic aperture radar) satellite data, revealed on Monday morning that a total of 358,858 Florida properties have been impacted by flooding from Hurricane Ian, based on ...