Released: March 13, 2023

Insurers slashed Hurricane Ian payouts insiders reveal

Source: Brianna Sacks, Washington Post (Paid Registration)

After years of more frequent and intense storms, national insurance carriers have pulled back from the market and smaller, regional carriers with smaller financial reserves jumped in. In the wake of Hurricane Ian, those companies have been aggressively seeking to limit payouts to policyholders by altering the work of licensed adjusters, according to a Post investigation. As a result, homeowners are left footing much of the bill for repairs, exposing an untenable gap between the cost of storm damage and what insurers are willing to pay to fix it.

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