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As natural forces and market conditions continue to evolve, the need for E&S will only grow.
Only 18% of Floridians have flood insurance, according to the Insurance Information Institute.
The E&S marketplace continues to present fantastic growth opportunities, but the winds of change are blowing.
Transformation, restoration and evolution are important aspects of the insurance industry.
Insurers, restoration companies and other vendors are heading to the island to assess damage and begin the rebuilding process.
Marcus & Millichap report the latest dramatic spikes as providers pull out of key markets.
Although lawsuits are being filed, no wrong doing by Hawaii Electric has been found at this time.
The NICB reports that as much as $10 billion in disaster insurance payments was lost to contractor fraud in 2022.
The tropical storm was the first to reach Southern California in more than 80 years.
Karen Clark & Company estimates insured property losses from the Lahaina fire will be around $3.2 billion.