The hurricane season is coming to a close, but there is still one more storm that could potentially hit Florida. For insurers, the worries won’t end on Nov. 30.Insurers are currently in negotiations with reinsurers, who are seeking to increase rates by 10% to 30%.
Travelers Cos., a property-casualty insurer, posted a 31% decline in net income in the third quarter. This was due to claims from Hurricane Ian and lower net investment income compared to the previous year.
Just a month after Hurricane Ian wreaked havoc on southwestern Florida, investors and other buyers are already on the hunt for housing deals in the region. Home prices have been skyrocketing in recent years, so this could be a great opportunity to snag a property at a bargain price.
Delta Air Lines Inc. said Thursday that strong demand for travel helped it offset higher costs and keep seats filled.