Preliminary estimates from CoreLogic® show that 57,002 homes in the Florida Gulf Coast are at potential risk of storm surge damage from Hurricane Michael based on its projected Category 3 status at landfall. The total reconstruction cost value of these homes is approximately $13.4 billion. This is likely to change as the storm develops.
DEMUTUALIZATION- The conversion of insurance companies from mutual companies owned by their policyholders into publicly traded stock companies.
REAL ESTATE INVESTMENTS- Investments generally owned by life insurers that include commercial mortgage loans and real property.See Full Glossary
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office: (212) 346-5500; firstname.lastname@example.org NEW YORK, October 11, 2018 — Reporters covering Hurricane Michael’s aftermath are encouraged to contact the Insurance Informatio… Read More
FOR IMMEDIATE RELEASE New York Press Office: Michael Barry, 917-923-8245, email@example.com Florida Press Office: Lynne McChristian, 813-480-6446, firstname.lastname@example.org Georgia Press Office: Bill Davis, 770-331-9279, email@example.com TALLAHASSEE, FLORIDA, October 9, 2018 –Reporters covering Hu… Read More