Hurricane Florence News
Hurricane Florence’s Flood Focus Lowers Insured Loss Estimates
Once Hurricane Florence made landfall in North Carlina on Sept. 14, its lower wind speed and sluggish pace made it much more of a flood event than a wind one. As a result, modelers and other experts ...
An Early Insured Property Loss Estimate From Hurricane Florence: $3B-$5B
Insured residential and commercial property losses relating to Hurricane Florence are expected to reach $3 billion to $5 billion, according to early estimates from CoreLogic. The number includes wind ...
As Hurricane Florence Approaches, Cat Bond Traders Are Trying to Understand Storm’s Risk
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they're in store for painful losses. If the storm's path of destruction -- which is aimed at ...
Insurers Brace for Significant Hurricane Florence Catastrophe Losses
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane ...
Hurricane Florence Already Triggering Business Interruption Policies
Hurricane Florence is still hundreds of miles off the U.S. East Coast, but insurers are starting to see their potential costs from one type of claim mount as companies halt operations to let ...
Hurricane Florence Nears the Mid-Atlantic Coast, as the P/C Industry Keeps Watch
Insurers, catastrophe modelers and brokers are scrambling to prepare for and keep up with Hurricane Florence. The massive storm is slated to bring heavy winds and rainfall to the southeastern and ...