Tag Archives: hurricane

Citizens loses condo court case

DAYTONA BEACH — For the second time in less than a year, a jury on Tuesday found that state-run Citizens Property Insurance Corp. should pay owners of a local condominium for damages sustained during Hurricane Frances in 2004. Owners of the 18-story, 124-unit Inlet Condominium in New Smyrna Beach were awarded $3.3 million for damages […]

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Forecaster WSI Reduces 2009 Season Hurricane Count to 6

The 2009 Atlantic hurricane season will produce 11 tropical storms, of which six will become hurricanes, WSI Corp predicted Monday. The Andover, Massachusetts, private forecaster reduced its forecast from the one it issued in December, when it said the six-month season starting on June 1 would see 13 tropical storms, including seven hurricanes. The lower […]

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Insurer to pay $92.8 million for Katrina claims

A Louisiana judge has ordered Louisiana Citizens Property Insurance Corp. to pay $92.8 million to 18,573 policyholders in the state whose claims from damage caused by Hurricane Katrina were not adjusted on time. The state-sponsored insurer of last resort is expected to appeal the judgment by Jefferson Parish Judge Henry Sullivan, according to the Times-Picayune […]

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2009 Hurricane Forecast

AccuWeather.com Chief Long-Range and Hurricane Forecaster Joe Bastardi has released an early hurricane season forecast for 2009 that calls for fewer landfalls in the United States, as well as a lower overall number of named storms. However, storms may be more likely to form in the Atlantic Basin closer to the coast and the possibility […]

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Contracting Citizens; Florida’s Largest Insurer Gets Smaller

Last year’s hurricane season may have been relatively calm, but that didn’t stop Florida’s one-time “property insurer of last resort” from building up a whirlwind of growth. At the end of October 2007, Citizens Property Insurance Corp. had more than 1.4 million policies, with the bulk of them in high-risk, wind-only accounts. At the time, […]

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Fla. Plaintiffs Settle with State Farm on Hurricane Damaged Screen Enclosures

A Broward County Court has approved a class action settlement on behalf of more than 12,000 State Farm Insurance policyholders in Florida who will receive 100 percent of the damages they requested in a $6.8 million settlement of claims filed last year in which they alleged the insurer refused to pay replacement costs of screen […]

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