NEWS

Read what the experts read

Regulators, Industry Seek to Keep Florida AOB Abuse In Check After Michael

 - 10/18/2018
In an effort to keep the Florida assignment of benefits (AOB) crisis from further worsening in the state, Florida’s insurance industry, regulators and consumer advocates are on high alert for AOB activity in the wake of Hurricane Michael and working …

Justice Family Coal Firm Ordered to Pay $478K Settlement

 - 10/18/2018
A judge has ordered a coal company owned by West Virginia Gov. Jim Justice’s family to start making payments on a settlement. The Charleston Gazette-Mail reports Justice Low Seam Mining, Inc. was ordered Oct. 10 to pay roughly $478,000 to …

Waccamaw River in South Carolina Finally Below Flood Stage After Florence

 - 10/18/2018
The Waccamaw River near the South Carolina coast has finally gone back into its banks after 29 days of flooding following Hurricane Florence. The National Weather Service says the river level at Conway dipped below the flood stage of 11 …

Rural Communities Hit by Michael Face Tough Recovery

 - 10/18/2018
Haylie Byler and her husband were just beginning life in their new home when Hurricane Michael’s monstrous winds mowed down a dozen trees on their property, more than an hour’s drive inland from where the storm made landfall. They had …

Florida Red Tide Not Diminished by Hurricane Michael

 - 10/17/2018
Hurricane Michael failed to break up a patchy and toxic algae bloom that has lingered in the Gulf of Mexico off Florida’s shoreline for the last year, experts said Monday, meaning the red tide outbreak could continue to cause problems …

North Carolina Approves $400M in Florence Recovery Funds

 - 10/17/2018
The sharp partisanship that’s typified North Carolina’s government was buried temporarily on Monday as legislators approved spending $400 million to quickly help people and communities reeling from flooding left by Hurricane Florence and setting aside another $450 million for upcoming …

Weaker Building Codes in Florida Panhandle Scrutinized After Michael

 - 10/17/2018
Unlike in South Florida, homes in the state’s Panhandle did not have tighter building codes until just 11 years ago; it was once argued that acres of forests would provide the region with a natural barrier against the savage winds …

4 Alabama Counties to Receive Federal Disaster Funds for Michael Damage

 - 10/16/2018
President Donald Trump has approved federal disaster aid relief for four Alabama counties affected by Hurricane Michael. The emergency disaster declaration covers Dale, Geneva, Henry and Houston counties, which are near the Florida panhandle where the hurricane made landfall Oct. …

Seeman Holtz Property & Casualty Acquires Allstar Assurance of Florida

 - 10/16/2018
Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla. Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty insurance coverage for commercial, personal and financial industries. With the …

Florida Orders Insurers to Halt Rate Hikes; Sets Up Hurricane Michael Claims Village

 - 10/16/2018
Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts in areas impacted by Hurricane Michael. The order by Florida Insurance …

Mississippi Furniture Company Damaged Again by Fire

 - 10/16/2018
For the second time this year, a large fire has torn through American Furniture Company in northern Pontotoc County. Pontotoc County Fire Coordinator Adam Patton tells the Northeast Mississippi Daily Journal that the fire was reported around 6 a.m. Saturday. …

Georgia Working to Restore Power to Thousands After Hurricane Michael

 - 10/15/2018
Power outages caused by Hurricane Michael are likely to linger into early this week for some of the hardest hit communities in southwest Georgia. More than 188,000 homes and businesses still didn’t have power Friday. Crews and property owners worked …

Rescuers Continue to Search Florida Towns Demolished by Hurricane Michael

 - 10/15/2018
Dozens of people remained missing on Sunday in Florida Panhandle communities reduced to ruins by Hurricane Michael as rescuers said they expected the death toll to rise and survivors grappled with power outages and shortages of food and water. Already …

Karen Clark: Hurricane Michael Losses Could Reach $8B

 - 10/15/2018
Catastrophe modeling firm Karen Clark & Co. (KCC) estimates insured losses from Hurricane Michael will be close to $8 billion, according to the KCC high resolution U.S. Hurricane Reference Model. This estimate includes the privately insured wind and storm surge …

Market Changes Not Expected From Hurricane Michael; Florida Insurers ‘Heavily’ Reinsured

 - 10/15/2018
Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a path of destruction through several other Southeast states, will be substantial but not enough to cause problems for insurers or …