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Four Named Storms in the Last Week; Risk Managers say Florida’s costliest October Hurricanes formed in Similarly Busy Years

News Channel 7 in Panama City is marking the 15-year anniversary of Hurricane Opal this week — the storm blasted that area in October of 1995, causing nearly $3 billion worth of damage.

Our Miami storm damage attorneys continue to report that the area remains at high risk for tropical storms and hurricanes through October and November. We reported recently on our Florida Insurance Claim Lawyer Blog that nearly half of the state’s hurricanes occur after Sept. 21, the official mid-point of South Florida hurricane season.
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Risk Management Solutions, a risk modeler used by the insurance industry, notes that the most recent October hurricane was Hurricane Wilma, which struck Florida in October 2005 and caused 11.3 billion in damages, making it the fourth-costliest storm in U.S. history.

RMS notes that both Opal and Wilma occurred during the only two other hurricane seasons that had as much storm activity as we have seen thus far this year.

Most recently, ABC25 in Palm Beach Gardens reports that Tropical Storm Otto has formed in the Atlantic. A week ago, we were dealing with the threat of Tropic Storm Lisa. The alphabetical list of this year’s storms means 4 named storms have formed in the Atlantic in the last week. The storm could become a hurricane by the weekend. While it is expected to stay well away from South Florida, heavy rainfall and high winds are possible in the northern Leeward Islands, Puerto Rico and the Virgin Islands.

The hurricane season officially ends on November 30.
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If you are facing a dispute over an insurance claim in Florida, contact Alvarez & Barbara, LLP toll free at 866-518-2913 for a free and confidential consultation to discuss your rights.

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