We are continuing to cover the price of paradise and the state of insurance with the top insurance headlines for the week.
1. SHORE ACRES INSURANCE AND CLIMATE CHANGE ROUNDTABLE
- Shore Acres has been dealing with lots of recent flooding.
- Meghan Martin’s home is no stranger to flooding. On Saturday, Martin went from resident to a seat at a roundtable in St. Pete alongside Senate Budget Committee Chairman Sheldon Whitehouse (D-RI), Representative Kathy Castor (D-FL 14), and other leaders.
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On the agenda was a discussion about climate change and its impact on rising insurance costs.
WFTS
2. HALF OF HURRICANE DEBBY CLAIMS CLOSED
- Just over a month after Hurricane Debby hit Florida, new data from the Florida Office of Insurance Regulation shows nearly 60% of all Hurricane Debby claims are closed — and more than half of those were listed as “closed without payment.”
- As of September 6, the data showed that 19,973 claims were filed after Hurricane Debby, and 11,090 of those claims have already been closed. That’s nearly 60% of the claims that have already been settled.
- Of those claims already closed, 6,447 were listed as closed without payment, and 58.1% of those claims were denied.
More than half of Hurricane Debby claims so far ‘closed without payment’