Hurricane Irma is Costing Insurance Companies Billions of Dollars

The damage Hurricane Irma caused to Florida when it barreled through was one of the worst Floridians experienced in some time. The problems this hurricane left in its wake wouldn’t have been expected by anyone, not to mention the insurmountable damage. Hundreds of thousands of policyholders filed claims with their insurance companies for the damage that they incurred. The number of new claims have slowed down but another 18,470 claims for $755 million was submitted in just the past two months. Already, insurance damage claims in Florida have surpassed 10 billion [Read more…]

Hurricane Season Has Just Begun in Florida

It looks like there may be some hurricanes coming to Florida after all. Weather models have noticed a switch on the Atlantic hurricane season and are showing multiple areas of possible development. The storm could possibly head over to the Caribbeans and affect Florida over the Labor Day Weekend. Meteorologist, Dan Kottlowski said, “There is the potential for two or three tropical features spinning over the Atlantic by the second weekend in September.” Regardless of whether or not this happens [Read more…]