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The NICB reports that as much as $10 billion in disaster insurance payments was lost to contractor fraud in 2022.
Karen Clark & Company estimates insured property losses from the Lahaina fire will be around $3.2 billion.
Although the NFIP is aiming to better align risk and premium, it also has to balance affordability into the equation.
Friction during the claims process following a catastrophe can strain customer satisfaction and cause a sharp decline in renewals.
More than 50% of the U.S. population is living in an area that is now twice as likely to experience a severe flood, First Street reports.
A lack of thorough research on marijuana is resulting in more questions than answers when it comes to its impact on work safety and accidents.
Researchers determined that two out of five homeowners in the U.S. worry they will soon fall victim to a weather event.
These were the ten most damaging hurricanes to hit the U.S. based on the 2023 Consumer Price Index adjusted cost, according to the NOAA.
The new version of the index integrates a social vulnerability index, which analyzes census tracts to flag 14 vulnerabilities.
Nearly 26 inches of rain was recorded at Florida's Fort Lauderdale-Hollywood International Airport after a storm hit April 12.
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