Before making landfall, the storm weakened significantly, largely sparing the bigger inland population centers of the Carolinas. While Florence did wreak havoc with record flooding, private insurers typically aren’t on the hook for those losses, which tend to be covered by the federal government’s National Flood Insurance Program.

In the days before Florence hit North Carolina on Sept. 14 as a Category 1 storm, catastrophe modeler Risk Management Solutions looked at potential historical benchmarks of $15 billion to $20 billion in covered losses for insurers from wind and coastal storm surge damage.

Last week, AIR Worldwide, a unit of Verisk Analytics Inc., said insured losses would be between $1.7 billion and $4.6 billion. Another firm, Karen Clark & Co., put the figure at $2.5 billion. Those estimates exclude damage from flooding covered under the National Flood Insurance Program. Risk Management Solutions hasn’t publicly released an estimate of covered losses since the storm dissipated.

“The losses were low because it was a Category 1, but it was enhanced a little bit because of the duration,” said AIR Worldwide director of meteorology Peter Sousounis. “Storm surge was reflective of a much more significant storm, the wind was not.”

Prior to Florence’s landfall, the storm slowed from Category 4 winds to Category 1 speeds. That spared private insurers from facing higher losses tied to wind damage, which they’d typically be on the hook for.


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Vanessa Abel

Vice President


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David Rodgers

Assistant Vice President


Premises Liability

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CRMI manages general liability claims involving General Contractors and Subcontractors, with claims ranging from single home remodel jobs to major residential and/or commercial developments. In addition, CRMI manages claims against major retailers and children's entertainment facilities which can involve very minor claims, as well as significant injury claims. 

Premises/General Liabiltiy claims require CRMI's staff to be knowledgeable in the variances by state.

Additional Insureds

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Once it is determined a person or organization qualifies as an additional insured, CRMI manages the split file for some clients as an independent adjusting service and for others as part of the program administration. CRMI has obtained significant savings for its clients with aggressive pursuit of contribution from other carriers or parties, paying close attention to the invoices and reasonableness of the charges, as well as managing and tracking payments made to ensure the correct allocation.

Construction Defect


Construction defect claims represent an ever changing area of litigation, with each state having its own laws and regulations. CRMI is licensed nationwide and ensures all claims are evaluated on a case by case basis, with a proactive approach to investigating coverage and liability, pursuing contribution from other carriers and other potentially responsible parties, working with defense counsel to ensure the best defense is provided without breaking the bank, and resolving claims as quickly and efficiently as possible.

Run Off Management

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CRMI assists clients with the run off of discontinued business.  When a book of business is in run off, it may not be cost effective for an insurer to maintain its own claims department. CRMI provides Third Party Administrative services for run off business, managing the claims and financials, providing 24/7 online access to our clients and resolving claims as quickly and efficiently as possible.