Homeowners paying more for less insurance
More powerful storms and pricier building costs are behind the increases in premiums, said the report’s authors.
More powerful storms and pricier building costs are behind the increases in premiums, said the report’s authors.
Insurance companies must rebuild transparency with the people and businesses they serve.
David Larson, U.S. head of loss control & risk management services at Ascot Group, on how tech can impact weather forecasting and natural disaster preparedness.
Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the protection gap.
States warn that eliminating the BRIC program could leave rural areas vulnerable to extreme weather.
The cost is down 16.5% from last year, according to The Insurance Information Institute.
The state forecasts eroding coastlines will endanger $18 billion of existing homes and commercial buildings in the coming decades.
The state’s insurer of last resort is facing an investigation by the California Department of Insurance as well as lawsuits from policyholders.
Because of its soil and its status as the world’s fastest-warming continent, Europe is particularly exposed. The European Central Bank estimates the region’s potential damage from sinking land at more than €2.5 trillion ($2.9 billion) across all euro-area financial institutions.
As the U.S. heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels.