How the private market can help
Floridians are left unable to renew their federal flood coverage mid-shutdown, players in the private flood insurance market say they’re ready to take over that flood risk and write often less-expensive policies, and a …
Welcome to the heart of the Atlantic Hurricane Season (and our first scare), where from early September through mid-October, the greatest number of hurricanes usually develop – with the greatest number of landfalls, too. This past Friday morning, the National …
NAIC plan to ID risk, coverage gaps
Earlier this month, the National Association of Insurance Commissioners (NAIC) announced a countrywide coordinated effort known as the National Climate Resiliency Strategy for Insurance to help fortify state insurance markets and streamline data …
Another big Cat year in the making, renewed uncertainty for reinsurance pricing
The very latest on Hurricane Idalia and Ian claims, how natural catastrophes are on track to set another record this year, the impact of those natural disasters on …
Spending mitigation money
As the old expression goes, “an ounce of prevention is worth a pound of cure.” In the case of flooding and other natural disasters, both FEMA and the IBHS tell us that a dollar of effective mitigation …