Florida leaders had been crossing their fingers in hopes Mother Nature would spare the state from a major hurricane this year, as the state’s property is in the early stages of recovery after facing total collapse last year.
>>> STREAM ACTION NEWS JAX LIVE <<<
“Had the storm hit the Tampa, St. Petersburg area we’d be looking at a totally different situation,” said Michael Barry with the Insurance Information Insitute.Barry said because the storm hit relatively low-population areas, estimated costs to insurers were significantly less than other recent storms, with early insured damage estimates putting the cost around $9 billion.
Jeff Brandes with the Florida Policy Project worked for years on the property insurance crisis as a state senator.Brandes argued reforms passed by lawmakers in a round of special sessions last year aimed at reducing litigation costs in the property insurance market helped position the industry to weather a storm like Idalia.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hurricane Idalia: Photos depict damage to Florida’s Gulf CoastPower outages, flooding and vicious storm surge will likely take a while for citizens to recover from.
Weiterlesen »
Hurricane Idalia: Photos depict damage to Florida’s Gulf CoastPower outages, flooding and vicious storm surge will likely take a while for citizens to recover from.
Weiterlesen »
Hurricane Idalia: Photos depict damage to Florida’s Gulf CoastPower outages, flooding and vicious storm surge will likely take a while for citizens to recover from.
Weiterlesen »
Photos show the destruction left by Hurricane Idalia as it bashes FloridaHurricane Idalia made landfall in Florida as a Category 3 storm on Wednesday.
Weiterlesen »
Hurricane Idalia insurance claims estimated to cost Florida insurers $9.36B after historic landfallInsurance claims for Tropical Storm Idalia, which made historic landfall as a Category 3 hurricane over Florida's Gulf Coast, are set to cost insurers in the state nearly $10 billion.
Weiterlesen »