Most insurance carriers rated by A.M. Best have sufficient capital and appropriate reinsurance programs to effectively absorb Hurricane Matthew losses, notes a new briefing from the rating agency. That being the case, A.M. Best reports it does not anticipate a…
The current flash estimate of insured losses associated with Hurricane Hermine – likely to produce in excess of 50,000 claims – approaches US$500 million, with total economic damages almost US$1 billion, Karen Clark & Company (KCC) reported Friday. “The storm…
DEKLE BEACH, Fla. – Hermine tore across northern Florida on Friday as the first hurricane to hit the state in more than a decade, killing one person, raising a storm surge that destroyed beachside buildings and toppling trees into homes.…