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Winter weather caused $64.1 million in property damage in the United States in 2022, according to ValuePenguin.

The same risks that are making insurance more important are also making it harder to get.

U.S.-based companies accounted for 20 of the top 50 largest nonlife insurers worldwide.

The federal maps are static and only periodically updated by the Federal Emergency Management Agency.

Both New York and New Jersey have adopted laws requiring the sellers of residential properties to tell buyers, and landlords to tell tenants, about known flood risks.

The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.

Insurers look to new tools to mitigate risks as firestorms, hurricanes, flooding, and other extreme weather events become more prevalent.

Underwriters, however, remain wary about the potential impact of climate-driven disasters.