A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in place to effectively absorb this event, according to a new briefing from the ratings company. Hurricane Matthew left a trail of wind and flood damage throughout U.S. […]
Should the U.S. be worried about powerhouse Hurricane Matthew? While it is too early to know for sure, forecasters say there is cause for concern: One forecast shows a direct hit in the Carolinas on Saturday. There are basically two extremely wide-ranging scenarios after it batters the Caribbean: Either a direct hit, anywhere from Florida […]
One of the most common questions received for the upcoming hurricane season is ‘how do I know if I have the right coverage in place,’ and it’s a great question. Now–before storm season begins–is the right time to evaluate your coverage. Once a storm appears and is on its way, you will lose the opportunity […]
Florida’s continued lucky streak when it comes to dodging hurricanes is helping a key state fund reach its best financial shape ever in the two decades it has been in place. The state-created fund known as the Florida Hurricane Catastrophe Fund should have $17.4 billion available for the Atlantic hurricane season that starts June 1. […]
Ten years ago in October, Hurricane Wilma tore through South Florida leaving 6 million people without power and causing $600,000,000 dollars in damage. BB Insurance Marketing’s Davie office also suffered significant damage. We were left with damage to our phones, switchboards, internet, roofs, electricity and air conditioning. This damage left our office unusable for two weeks! […]
The 2015 Atlantic hurricane season, which opened yesterday, and a combination of a forecast for fewer-than-average storms and the highest level ever of financial resources on hand in Florida to pay claims may help homeowners and businesses there weather fears of a storm. Florida, the riskiest place in the United States for hurricane strikes, has […]