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US natural disasters hit insurance companies

Florida鈥檚 Tropical Storm Idalia is the most expensive natural disaster to hit the United States this year.

Florida鈥檚 Tropical Storm Idalia is the most expensive natural disaster to hit the United States this year.

Insurance companies in Florida are now under pressure; nine property insurance firms have closed down since 2021.

We hear from a business in Cedar Key which was badly damaged by the storm.

(Picture: KEATON BEACH, FLORIDA - AUGUST 31: Storm debris is wrapped aground a utility pole in the aftermath of Hurricane Idalia on August 31, 2023 in Keaton Beach, Florida. Picture Credit: Getty Images).

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27 minutes

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Thu 31 Aug 2023 22:32GMT

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  • Thu 31 Aug 2023 21:32GMT
  • Thu 31 Aug 2023 22:32GMT