While lawsuits against insurers in Florida are said to have declined again across the first three quarters of 2024, the claims environment following hurricane Milton is expected to provide a “true test” for the legislative reforms that were enacted to reduce the litigious property insurance environment in the state.It’s the second year running that litigated … Read more
The Hurricane season in 2024 has been extremely wrathful and led to tragic loss of human lives and caused havoc in states like Florida, North Carolina, and Georgia. According to science.org, the recent hurricanes Helene and Milton have caused an estimated combined damage of over $300 billion in just two weeks. Hence, the hurricanes have … Read more
By Lewis Nibbelin, Contributing Writer, Triple-I Babcock Ranch – a small community in southwestern Florida dubbed “The Hometown of Tomorrow” – made headlines for sheltering thousands of evacuees and never losing power during Hurricane Milton, which devastated numerous neighboring cities and left more than three million people without power. Hunters Point, a subdivision on Florida’s … Read more
TDI experts answer Texans’ top auto insurance questions. What should auto insurance cost, and what’s the best kind to get? To answer a question about cost, you need to know what a policy covers first. TDI’s automotive insurance guide can help, and there’s a policy comparison tool at www.opic.texas.gov. It’s important to know what you … Read more
The insurance and reinsurance businesses of Warren Buffett’s Berkshire Hathaway suffered from hurricane losses in the third-quarter with Helene and are expecting up to $1.5 billion of additional losses from hurricane Milton in the fourth-quarter.Reporting its third-quarter 2024 results today, Berkshire Hathaway revealed a steep decrease in insurance underwriting income to $750 million for the … Read more
