Hurricane Matthew: Florida insurers prepare for worst-case turn

matthew-latestFlorida insurers scrambled Tuesday to prepare for more than a side-swipe if necessary from Hurricane Matthew, whose undulating forecast track kept millions watching anxiously up and down the nation’s east coast.

Florida Peninsula Insurance Co. and Edison Insurance Co. were among those closely watching the Category 4 storm’s progress and in some cases even moving some operations to be ready.

The companies “have already prepared and have staged over 100 adjusters in preparation of Hurricane Matthew,” said Roger Desjadon, the CEO for the companies. “In addition, our data center, located in Jacksonville, will temporarily move to an out of state facility to ensure we will be able to accommodate our policyholders.”

Florida Peninsula, whose home office is in Boca Raton, has about 117,000 customers in Florida.

“Homeowners should prepare their homes by securing property, installing storm shutters, and staying informed to the latest storm track,” Desjadon advised. “It is important to follow any safety measures or evacuation orders called for by local and state authorities.”

Florida Chief Financial Officer Jeff Atwater of North Palm Beach urged Floridians to “print copies of their banking account information and insurance policies as part of their disaster-readiness plans.”

More tips are available at

Now is the time for homeowners to take precautions, said the Property Casualty Insurers Association of America’s Florida manager Logan McFaddin.

“This caliber of a system could bring major flooding and damages along Florida’s East Coast,” she said.

Hurricane Precautions:

  • Review your property insurance policy, especially the “declarations” page, and check whether your policy pays replacement costs, or actual cash value for a covered loss.
  • Inventory your household items, and photograph or videotape them for further documentation. Keep this information and your insurance policies in a safe place.
  • Keep the name, address and claims-reporting telephone number of your insurer and agent in a safe and easily accessible place.
  • Protect your property by covering all windows with plywood or shutters, moving vehicles into the garage when possible and placing grills and patio furniture indoors.
  • Keep all receipts for any repairs so your insurance company can reimburse you.
  • Check with your insurance adjuster for referrals to professional restoration, cleaning and salvage companies if additional assistance is needed.

Source: Property Casualty Insurers Association of America






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