A pair of hurricanes are forming in the Atlantic as South Florida enters the height of storm season.
Danielle is the second Atlantic hurricane of the year. The Category 2 storm is expected to strengthen in the next couple days and could become a major hurricane. It is still more than 1,000 miles southeast of Miami.
Meanwhile, the Miami Herald reports that the financial strength of Castle Key Insurance, and Castle Key Indemnity has been lowered to a B-, meaning the company could have trouble paying claims in the event of a major hurricane. A subsidiary of Allstate Insurance, the company is said to have significant exposure to hurricanes and relies heavily on the Florida Hurricane Catastrophe Fund for reinsurance.
Knowing the financial strength of your insurance company is an important consideration when choosing a homeowner’s insurance policy. Those dealing with a significant claim should always consult a Miami insurance claims lawyer to help ensure their rights are protected through what can be a needlessly complex, complicated and intimidating process.
NBC2 reports that Hurricane Danielle is moving west-northwest through the Atlantic and could brush Bermuda by this weekend. On Wednesday, sustained winds were recorded at 85 mph.
Forecasters are also tracking Tropical Depression 7 off the coast of Africa, which is expected to be Hurricane Earl by next week.
Neither storm is currently forecast to be a threat to the Florida coast. But both are a reminder to residents that we are in the height of what is expected to be a busy hurricane season.
If you are facing a Florida insurance dispute, contact Alvarez & Barbara, LLP toll free at 866-518-2913 for a free and confidential consultation to discuss your rights.