In the U.S., where 90% of natural disasters result in flooding and flood insurance is typically excluded from standard home insurance policies, the coverage gap for flooding is already enormous and poised to grow larger still. (Credit: Petrov Stanislav/Shutterstock.com) In the U.S., where 90% of natural disasters result in flooding and flood insurance is typically excluded from standard home insurance policies, the coverage gap for flooding is already enormous and poised to grow larger still. (Credit: Petrov Stanislav/Shutterstock.com)

In the decade since Superstorm Sandy devastated the Northeast U.S., we have had many reminders of the severe damage caused by extreme weather events.

Just this year, Hurricane Ian delivered economic losses of between $50 billion-$75 billion, according to RMS, a Moody’s Analytics company. That makes it the most destructive storm to ever make landfall in the Sunshine State.

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