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Homeowners impacted by Milton face unexpectedly high insurance deductibles

MARTIN COUNTY, Fla. — Jamie Tracey’s Port Salerno home was one of several that suffered damage following the tornado outbreak earlier this month.The 71-year-old calls it an ‘insurance nightmare,' facing a $14,000 deductible to get her house fixed.Tracey took a direct hit from...

John Snyder faces Alberto Hernandez in race focused on property insurance rates – Insurance News

See what the two candidates for Florida House District 86, which includes most of Martin County and part of Palm Beach County, had to say. This article is available to Insider Pro subscribers only. Sign in or register to be an Insider Pro and...

UK home insurers witness second consecutive loss-making year in 2023: EY

According to a recent analysis by EY, UK home insurers remained in the red in 2023, only marginally improving on record losses from 2022, posting a loss-making net combined ratio (NCR) of 118% in 2023, a slight improvement from 2022’s 122%. In their UK...

Michael Carlson: The truth behind closed property insurance claims – Insurance News

Floridians are still grappling with the devastation left behind by Hurricanes Helene and Milton, trying to restore their lives, homes and communities. For many, the damage feels relentless, with some still rebuilding from previous storms like Debby (2024), Idalia (2023) and Ian (2022)....

Home insurance options are shrinking amidst states with natural disasters

Of the top 12 insurance companies in CA, only five are still writing new policies. Wildfires have burned more than one million acres in California so far this year. That is larger than the entire state of Rhode...

The economic impact of Helene and Milton — and who pays for it

The 2024 hurricane season could rank among the most expensive after Helene flooded North Carolina in late September and Hurricane Milton hit south Florida about two weeks later.  Financial damages are still being counted, but the latest estimates put both storms at $50 billion,...