insurance

Irma Insurance Losses Close To $10 Billion

Jun 14, 2018
Alex Harris

Insurance loss estimates from Hurricane Irma have hit $9.7 billion, up by more than $1 billion since April, according to the latest numbers posted by the Florida Office of Insurance Regulation.

Insurers also advised the state agency that the number of claims had reached 987,767 from the massive and deadly September storm. The was up more than 54,000 from when numbers were previously updated in April.

Officials said they expected claims to be made for more than a year after the storm, as property owners are able to get complete assessments of the damages.

Andres Rivero / Courtesy of Miami Mayor's Office

Rowan Douglas feels an emotional draw to statistical risk modeling of natural disasters.

"Two hundred years ago, we created the romantic period of English literature, where man became connected to nature," the executive said. "We are now connecting to nature again, through the majesty of the modeled world."

Irma Insurance Claims Near 866,000 As Pace Slows

Dec 20, 2017

Estimated insured losses from Hurricane Irma have topped $6.55 billion, with the number of claims approaching 866,000, according to information released Monday by the state Office of Insurance Regulation.

The latest report showed that 865,974 claims from the September storm had been filed with insurance companies as of Friday, with 719,512 involving residential properties.

Survey: US Uninsured Up 3.5M This Year; Expected To Rise

Oct 20, 2017

The number of U.S. adults without health insurance is up nearly 3.5 million this year, as rising premiums and political turmoil over "Obamacare" undermine coverage gains that drove the nation's uninsured rate to a historic low.

Irma Insurance Claims Already Near $2 Billion

Sep 19, 2017

With 335,000 insurance claims representing $1.9 billion in property losses, Hurricane Irma already has exceeded the claims and losses from the two hurricanes that pummeled Florida last year, the state Office of Insurance Regulation reported Monday.

Gov. Scott Signs Insurance Emergency Order After Irma

Sep 18, 2017
Catherine Welch / WMFE

Florida homeowners have more time to update their insurance policies. Governor Rick Scott signed an emergency order to help homeowners in the aftermath of Hurricane Irma.

The order provides home owner’s insurance policy holders an additional 90 days to supply required information to their insurance companies.

Florida’s Former Insurance Commissioner Lisa Miller said the order helps residents that may have been displaced from Hurricane Irma to update information and prevent policies from canceling.

John Kral / Miami Herald


Florida currently requires auto drivers to carry personal injury protection of at least $10,000 in medical benefits. But critics say that isn’t enough to cover health care costs when there’s an accident. Lawmakers are considering changing up the insurance coverage drivers must have.

Humana, Florida’s largest Medicare managed-care company, says it will lay off hundreds of employees in April, including 328 in Florida.

Of those, 260 are in the Tampa Bay area, according to Humana spokeswoman Nancy Hanewinckel.

Florida Insurance Commissioner David Altmaier said insurance companies shouldn’t have to pay attorney fees when contractors sue them over property damage claims. He warned lawmakers this week that if the state doesn’t change its insurance rules, insurance companies will leave the market or raise rates.

The federal emergency management agency, is urging Floridians with Hurricane Hermine and Matthew-related damage to file their flood claims.

Privately insured people with cancer were diagnosed earlier and lived longer than those who were uninsured or were covered by Medicaid, according to two recent studies.

CheapCarInsurance.net

A recent study confirms something a lot of us already know: Florida drivers are bad. Or at least, they’re the worst drivers in the four most populous U.S. states.

The study was by CheapCarInsurance.net, an insurance price comparison site. Respondents from Florida rated 13.8 percent of drivers here as “terrible,” and 38 percent “fairly bad.” That topped Texas, California and New York.

Five Things Young Adults Should Know About Buying Health Insurance

Nov 12, 2015

Imagine what you could do with $2,000. If you’re between 18 and 34, you might travel somewhere fun. Maybe buy a big TV. But would you buy health insurance?

Ten years after a prescription drug benefit was added to Medicare, 39 million older or disabled Americans have coverage to help pay for their medicine, including most of the 17 million with private insurance policies known as Medicare Advantage, an alternative to traditional Medicare.

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