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Understanding your insurance deductibles
March 3, 2025

... exceptions to this practice in Florida and Louisiana, where hurricane deductibles are applied once per season rather than for each storm. ... to learn exactly how your deductibles work. 聽 Hurricane deductibles .聽In hurricane-prone states, special deductibles may ...


How much homeowners insurance do I need?
February 3, 2025

... your insurance. After a major catastrophe such as a hurricane, tornado, or wildfire construction costs may rise suddenly because ...


Triple-I: Florida鈥檚 P/C Market Stabilizing Due to Legislative Reforms that Curbed Legal System Abuse Practices of Billboard Attorneys
March 4, 2025

... manageable level of risk, reducing the probability of a 鈥hurricane tax鈥 due to a shortfall to pay storm claims, according to Triple-I. ...


Can I own a home without homeowners insurance?
March 3, 2025

... event your house burns down or is badly damaged by a hurricane , tornado or other disaster , homeowners insurance safeguards ...


Background on: Earthquake insurance and risk
February 28, 2025

... insurance which also provides protection against flood and hurricane damage as well as theft. Insurers that don鈥檛 sell earthquake ...


Facts + Statistics: Hurricanes
February 28, 2025

The official Atlantic hurricane season runs from June through November, but occasionally storms form outside those months. Seasonal hurricane forecasting from Colorado State University is available鈥 here . ... that have sustained winds of 74 mph. At this point a hurricane reaches Category 1 on the Saffir-Simpson Hurricane Wind Scale, which ...


Spotlight on: Catastrophes - Insurance issues
February 28, 2025

... $112.8 billion. Hurricanes 2022 : The 2022 Atlantic Hurricane season produced 9 hurricanes compared to 21 in 2021. However, Hurricane Ian remains the costliest hurricane in the US (second only to Katrina ...


Facts + Statistics: U.S. catastrophes
February 28, 2025

... In 2024 dollars (2) 1 2005 Hurricane Katrina $65,000 $104,471 2 2022 Hurricane Ian 54,000 57,231 3 2021 Hurricane Ida ...


More Reforms Needed to Stem Legal System Abuse in Louisiana Insurance Market; Households Pay Significantly More for Coverages in Bayou State Compared to Other States: Triple-I
January 22, 2025

... in Louisiana soared in 2020 and 2021, due primarily to hurricane-related losses. 鈥淭he largest property loss events in those years were Hurricane Laura in 2020 and Hurricane Ida in 2021,鈥 he said. Combined ...


Triple-I-Milliman: P/C Insurance Market Profitability Improves in 2024; Expected to Continue in 2025 and 2026
January 16, 2025

... is a 6.1-point improvement over 2023 despite an above-normal hurricane season. 聽 Commercial lines: Commercial property ... 2024 NCR of 91.2 is 3.3 points worse than 2023, with Hurricane Milton projected to be the worst catastrophe for commercial property ...