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Hurricane Idalia Intensifies as It Churns Toward Florida

Hurricane Idalia is gathering force in advance of a landfall on Florida’s west coast, where it could drive a deadly wall of water into the shoreline, snap trees and cause widespread power outages. Idalia’s winds topped 85 miles (137 kilometers) … Source: Claims Journal

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Nova Scotia Floods Cost Insurers More Than C$170 Million

An atmospheric river event that led to significant flooding in parts of Nova Scotia on July 23, 2023, is estimated to have caused over C$170 million (US$125.5 million) in insured damage, according to initial estimates from Catastrophe Indices and Quantification … Source: Claims Journal

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Broken Satellite Risks Big Claim in Shrinking Insurance Market

Viasat Inc. has more than $1 billion of orbiting satellites in trouble, and space insurers are girding for market-rattling claims. The company’s roughly $1 billion ViaSat-3 Americas satellite, central to expanding its fixed-broadband coverage and fending off rivals including Elon … Source: Claims Journal

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Florida Faces Major Hurricane Threat as Idalia Strengthens

Tropical Storm Idalia is set to strengthen as it heads north through the Gulf of Mexico, threatening to strike Florida’s west coast Wednesday as a tree-snapping major hurricane. Idalia’s winds held at 65 miles (105 kilometers) per hour and are … Source: Claims Journal

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