Swiss Re: Mitigating Flood Risk 10x More Cost Effective Than Rebuilding November 18, 2024 Flood damage-related economic losses totaled USD $51.6 billion in 2023, but research shows protective measures can substantially reduce losses, according...
Analysis of Hurricanes Helene and Milton Provide Insights on Public and Private Flood Market November 14, 2024 Flooding is a peril that took center stage this year amid an active Atlantic Hurricane season, a fact that’s highlighted...
Progressive to End Offering Dwelling Fire Insurance November 13, 2024 By Chad Hemenway Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The...
Hawaiian Electric Removes Going Concern Doubts After Q3 Loss and Wildfire Settlement November 12, 2024 By Tanay Dhumal Hawaiian Electric reported a third-quarter loss after the utility removed a warning about its ability to remain in business, saying...
Survey Shows Most US Households Lack Full Insurance on Valuables November 5, 2024 One-in-three American homeowners lack home or contents insurance coverage, a new survey shows. The survey included more than 3,000 Australians,...
KBRA Says Florida Insurers Will Weather Helene and Milton; Cat Fund Can Handle Payouts November 4, 2024 By William Rabb Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
Malibu Retrofit at $300,000 Shows Limits of Wildfire-Prepping November 4, 2024 By Nadia Lopez Evelin Weber and her neighbors fled their Malibu homes as the deadly Woolsey Fire tore across the California coast in...
Most Homeowners Worried About Impact of Natural Disasters and Climate Change, New Survey Shows October 31, 2024 Most homeowners are worried about the impact of natural disasters and climate change, a new survey shows. A survey from...
Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms October 30, 2024 By Andrew G. Simpson A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the...
Washington Claim Analysis Finds Most Homes in 2023 Wildfire Were Under-Insured October 29, 2024 An analysis of the claims paid out after the Gray and Oregon Road fires in Washington last year found that...