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Dubbed the Natural Disaster Reinsurance Plan, bill in the U.S. House aims to lower insurance costs for customers in states that opt-in to the program by scaling back the need for insurance companies to purchase reinsurance.
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Projections are that three-quarters of a mile in Burnt Store Isles and over 6 1/2 miles in Punta Gorda Isles suffered some seawall damage and affected approximately 582 parcels.
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The AM Best report focused, in part, on reinsurance, which is backup coverage that insurers buy to help pay claims for such things as hurricanes. Florida-based carriers rely heavily on reinsurance, but prices have soared and coverage has become harder to find.
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Time and patience needed for rebuilding Hurricane Ian-impacted communities, North Port official saysIn the weeks since the hurricane, cities such as North Port have been working to clear out debris.
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What was once a sprawling shoreline of sand on New Smyrna Beach is now a watery wasteland with tons of leftover debris courtesy of Hurricane Nicole’s storm surge Thursday morning.
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Chases on the Beach, a staple restaurant of New Smyrna Beach, was one of the many businesses to suffer huge damages as Hurricane Nicole made landfall.
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WUSF reporters spoke with residents and business owners from Myakka City to Bonita Springs.
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Tropical Storm Elsa, downgraded from a hurricane overnight Wednesday, caused minimal damage to the Tampa Bay Area, but people still experienced some power outages and fallen trees in the middle of roads.
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Part of the bill would allow insurers to limit amounts paid for roof damage and would place new restrictions on attorney fees in insurance disputes.
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People who leave pets restrained outside and unattended during natural or manmade disasters would face up to a year in jail or a fine of up to $5,000,...
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The Marine Corps says Camp Lejeune, N.C. needs $3.6 billion in repairs, as scientists warn climate change will lead to more big storms and affect...
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Florida’s agriculture industry suffered nearly $1.49 billion in damages from Hurricane Michael, with timber growers the hardest hit, the state...