Commercial Risk’s Post

With NOAA predicting an above-average 2024 Atlantic hurricane season, it's more important than ever to ensure your property is adequately insured. An accurate Reinstatement Cost Assessment can safeguard your investment by preventing underinsurance. Learn how BCQS can help you prepare for the upcoming season: https://loom.ly/d3RHdBk #Insurance #HurricaneSeason #BCQS #PropertyProtection #ReinstatementCostAssessment

🌪️ Hurricane Season Alert 🌪️ With storms like Hurricane Helene and Milton making waves, it’s crucial to understand FEMA's 50% Rule. If damage repairs or improvements exceed 50% of your property’s market value, your building must comply with updated floodplain management standards. Don’t wait until it’s too late—stay informed and protected. 🌊 Need help navigating your insurance claims? Boltz Legal is here to guide you every step of the way. 💼 📞 Call us at 386-868-5848 or visit boltzlegal.com for more information! #BoltzLegal #HurricaneHelene #HurricaneMilton #FloodDamage #Insurance #FEMA

How will Hurricane Milton affect the 2025 renewal period? 🌪 🍃 It's still early days but according to a Morningstar DBRS report, Hurricane Milton could result in up to $60billion worth of NatCat losses for the insurance sector, potentially impacting reinsurances prices that largely stabilised over the past 12 months and knocking on all the way through... resulting in some pretty hefty price surges for both households and property owners. With the 2025 renewal period kicking off, will we see rate adjustments across the reinsurance sector? After speaking with some of my contacts within my network, the reality of 3 consecutive hurricanes means that this is almost certainly gauranteed and negotiations are about to get tough... #Reinsurance #RiskManagement #ClimateChange #Insurance #HurricaneMilton

Liberty Mutual Holding said it sustained $550m in estimated pretax losses from Hurricane Helene, which will be reflected in its third-quarter financial report. Estimated losses from Hurricane Milton are still developing but are currently between $250m and $350m, the insurer said. Those losses will be recorded in the fourth quarter. More... https://ow.ly/Ato150TVGYI #HurricaneHelene #HurricaneInsurance #RiskManagement Liberty Mutual Insurance

Liberty Mutual Holding said it sustained $550m in estimated pretax losses from Hurricane Helene, which will be reflected in its third-quarter financial report. Estimated losses from Hurricane Milton are still developing but are currently between $250m and $350m, the insurer said. Those losses will be recorded in the fourth quarter. More... https://ow.ly/Ato150TVGYI #HurricaneHelene #HurricaneInsurance #RiskManagement Liberty Mutual Insurance

Liberty Mutual Holding said it sustained $550m in estimated pretax losses from Hurricane Helene, which will be reflected in its third-quarter financial report. Estimated losses from Hurricane Milton are still developing but are currently between $250m and $350m, the insurer said. Those losses will be recorded in the fourth quarter. More... https://ow.ly/Ato150TVGYI #HurricaneHelene #HurricaneInsurance #RiskManagement Liberty Mutual Insurance

Liberty Mutual Holding said it sustained $550m in estimated pretax losses from Hurricane Helene, which will be reflected in its third-quarter financial report. Estimated losses from Hurricane Milton are still developing but are currently between $250m and $350m, the insurer said. Those losses will be recorded in the fourth quarter. More... https://ow.ly/Ato150TVGYI #HurricaneHelene #HurricaneInsurance #RiskManagement Liberty Mutual Insurance

Losses from Hurricane Francine are not going to be terrible, with losses (only!) expected to be in the 'low single billions'. Today's demotion to a tropical storm seem to be bearing that out. Nevertheless, if you are the one without power or suffering flooding in Louisiana, this might not be much comfort. Another reminder that homeowners can do a lot to prepare - from generators to emergency supplies, sump pump maintenance, and more. Stay safe out there. https://bit.ly/3B29hTw

Liberty Mutual Holding said it sustained $550m in estimated pretax losses from Hurricane Helene, which will be reflected in its third-quarter financial report. Estimated losses from Hurricane Milton are still developing but are currently between $250m and $350m, the insurer said. Those losses will be recorded in the fourth quarter. More... https://ow.ly/Ato150TVGYI #HurricaneHelene #HurricaneInsurance #RiskManagement Liberty Mutual Insurance

Liberty Mutual Holding said it sustained $550m in estimated pretax losses from Hurricane Helene, which will be reflected in its third-quarter financial report. Estimated losses from Hurricane Milton are still developing but are currently between $250m and $350m, the insurer said. Those losses will be recorded in the fourth quarter. More... https://ow.ly/Ato150TVGYI #HurricaneHelene #HurricaneInsurance #RiskManagement Liberty Mutual Insurance