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Once consumers know the facts about flood coverage, they can make wiser insurance choices.
The trend in recent years has been for catastrophe losses to increase by 5% to 7% annually, the reinsurer reported.
Society needs a new approach to protecting against, preparing for and responding to floods and other natural disasters.
Increased natural-disaster severity has many outside of insurance asking whether or not some communities should be uninsurable.
Discover how data can accelerate insurers' responsiveness and integrity before, during and after a hurricane.
Uncontracted drone vendors are popping up in Florida following two hurricanes and charging high rates for their services, Citizens reports.
The agency estimates flood-related payouts from the late September Category 4 hurricane to be as much as $5.3 billion.
Munich Re anticipates taking a hit of $1.57B as a result of Hurricane Ian's damages.
Review the destruction caused by Sandy as well as steps to improve storm resiliency as the superstorm's 10th anniversary approaches.
Many insurance companies have paused insuring in Florida until they have a better handle on their losses from the hurricane, says Joseph Gendelman, president and CEO of Bruce Gendelman Insurance Services.
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