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The effects of climate change are putting some states that have historically had lower premiums in the line of fire for more frequent and severe weather events.
With the average premium around $6,000, some Floridians are foregoing homeowners insurance in favor of self-insurance with their investments.
New SEC rules are designed to standardize climate-related disclosures about GHG emissions and weather-related risks by public companies and offerings.
The California FAIR Plan faces $311 billion in potential losses, up from $50 billion six years ago.
The FC&S coverage experts review some recent instances of insurance fraud.
Officials report at least half of the buildings in one Indiana town were damaged by a tornado in last week's storms.
February was the wettest month Los Angeles has experienced in 26 years, the National Weather Service reports.
In 2023, no other asset class produced a better-performing bet for hedge funds than cat bonds.
Hailstorms cause an average of more $1 billion in property damage annually. But hail claims have skyrocketed in recent years.
Tornadoes can happen at any time of the year, but peak season for these often disastrous events in the U.S. is between March and June.
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