How do we make buildings more resilient and weather-proof? Can we model storm impacts based on artificial intelligence (AI)? How do we prevent building collapses, especially in Florida where water and winds reduce the integrity of structures? With so much climate volatility due to global warming, could AI be the secret sauce to help developers […]
Tag: property damage claims
Is California, Like Florida, Becoming Uninsurable?
Like a good neighbor, State Farm is there. But the top home insurance firm in California, as measured in direct premiums written, has stopped accepting new homeowner insurance applications, citing the growing risk from wildfires and the rising cost to rebuild. The company said it will continue to serve existing customers, as well as offer […]
A Reckoning for Florida’s Insurance Industry
Florida Insurers Accused of Altering Hurricane Ian Damage Estimates The insurance industry in Florida is poised for punishment – be it civil or criminal – as a result of the improper handling of countless Hurricane Ian claims. Ian caused $115 billion in damage, the second-largest insured loss on record after Hurricane Katrina, according to a […]
The Importance of a Hurricane Damage Lawyer in Florida
Hurricane season 2023 is bearing down on Florida. It’s now less than 100 days from the official June 1 start of the Atlantic hurricane season. The National Hurricane Center chose this six-month period because it accounts for 97% of all Atlantic tropical storms and hurricanes, according to NOAA’s Hurricane Research Division. But remember, Mother Nature […]
Legal Solutions to Large Loss Property Damage Claims
2022 proved lucrative for Tampa Bay real estate. The 20 highest grossing real estate sales from Hillsborough, Pinellas, and Pasco counties brought in a cumulative total of more than $2 billion, property records reveal. Among the top transactions was a 390-unit apartment complex and a 13-acre beach resort. Multi-family properties and commercial real estate are […]
Autopsying Ian: What Property Owners Should Know After Hurricane Ian
Hurricane Ian pummeled Florida as a strong Category 4 storm. It unleashed catastrophic floods and life-threatening storm surge along with wind damage and tornadoes. Millions of people remain without power. Hurricane Ian’s devastating impacts were felt throughout Florida, including in Charlotte, Citrus, Collier, Hillsborough, Lee, Manatee, Orange, Pasco, and Pinellas counties. Our goal at Corless […]
Storm Is Brewing Over Climate Change & Property Insurance
Policyholders are feeling the heat over climate change and its impact on their insurance claims. Stronger and more frequent natural disasters – hurricanes, fires, windstorms, tornadoes and floods – are destroying structures at record-breaking rates. The U.S. Environmental Protection Agency notes how rising global average temperatures will cause more persistent and intense weather events that […]
The Unfortunate Truth About Flood Insurance
Severe flooding had led to widespread devastation in Eastern Kentucky, costing substantial loss of life and potentially billions in physical damage to homes and businesses. Battered infrastructure has hampered the search for the missing, and many survivors say there was no time to escape the deluge. Flooding is highly destructive, with the potential to damage […]
Inside Florida’s Property Insurance Crisis
Another hurricane season is weeks away, and policyholders are loyally paying their premiums to ensure they are covered should disaster strike. But if you are a property owner in Florida, chances are your insurance rates are increasing at an unprecedented pace – sometimes by as much as 111% – or your policy has been dropped. […]