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Assessing the damage and financial toll on insurers of Hurricane Milton

Before the storm began, insurance industry experts estimated losses could reach up to $100 billion for the global insurance sector. Hurricane Milton swept through Florida with strong winds, heavy rains, and several tornadoes, causing at least four deaths. The storm made landfall on October 9 in Siesta Key as a Category 3 hurricane, wreaking havoc […]

Emergency measures and preparations for Hurricane Milton in Florida

The state of Florida continues to implement safety and security measures to receive Hurricane Milton. Florida is implementing an unprecedented mobilization of approximately 8,000 National Guard members in anticipation of Hurricane Milton’s arrival. This mobilization is complemented by the establishment of a camp at Tropicana Field in St. Petersburg, which will house 10,000 emergency response […]

States with high uninsured drivers and the importance of uninsured motorist coverage

In some U.S. states more than 20% of drivers are uninsured. According to Forbes Advisor statistics, in several U.S. states, more than 20% of drivers are uninsured. For this reason, some states require car owners to have uninsured motorist coverage (UM). This coverage provides additional protection by covering medical expenses if you or your passengers […]

Port strike sparks concerns about insurance

This work stoppage impacts a broad ecosystem of companies related to trade and marine insurance. The International Longshoremen’s Association (ILA) began a strike on October 1 due to a lack of agreement with terminal operators and shipping lines, represented by the United States Maritime Alliance. This labor stoppage has halted container, and vehicle imports just […]

Vehicle insurance rates: highest and lowest priced states in the U.S.

The place of residence significantly influences the cost of vehicle insurance, know the list of the states with the highest and the lowest in the U.S. In 2024, vehicle insurance costs have been impacted by inflation, supply chain issues, and an increase in traffic accidents, leading to a rise in rates. According to an analysis […]

The role of insurance: financial protection and saving money

Taking out insurance reduces the direct financial burden on the insured’s pocket and is an essential back-up for the insured In most states, it is mandatory to have commercial coverage for company vehicles. This legal requirement highlights the importance of protecting vehicles used in business activities, such as transporting goods, equipment, or passengers. A company […]

Florida insurers bolster capital for 2024 storm season

Despite the storm’s impact, Florida’s insurance sector has started 2024 in a stronger financial position During the 2024 tropical storm season, Florida’s insurance sector has demonstrated a notable capacity for adaptation and preparedness, aiming to protect its financial balances and provide more robust coverage. According to a report by the KBRA agency, recent regulatory reforms […]

What to do in case of a traffic accident?

Essential steps and preparations to be taken after a traffic accident Traffic accidents can happen at any time, so every driver should be prepared. Knowing the process to follow after an accident will give you the ability to file an insurance claim correctly, completing each step calmly and methodically. If you find yourself in a […]

6 reasons to purchase fleet insurance

If you’re wondering whether you need to insure your fleet, the answer is yes Fleet insurance is a commercial auto insurance policy designed to cover two or more vehicles under a single policy, ideal for business owners or independent drivers with more than one truck under their registration. This type of insurance covers accidents and […]

Guide on commercial vehicle insurance

Get answers to the key questions about commercial vehicle insurance For successful management of a trucking business, commercial vehicle insurance is essential. This policy offers protection for both employees and employers and is specifically designed for this sector, including independent truckers. With commercial truck insurance, coverage is guaranteed for damage to the insured vehicle and […]