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The flood insurance gap could adversely impact credit markets with higher-than-anticipated loan failures.
Fire-prone zip codes in Malibu and neighboring Pacific Palisades were hit particularly hard by insurance-carrier withdrawals from the Golden State.
Swiss Re Chairman Jacques de Vaucleroy believes more expensive insurance will have beneficial effects.
The U.S. currently experiences the worst losses, about $97 billion annually, due to its disproportionate share of insured assets.
FEMA has updated its policy in order to fill the home insurance gap and aid disaster victims faster.
Population growth and development in storm-prone areas dwarfs the benefits of enhanced building codes.
More than 8% of Louisianans were displaced by a natural disaster last year, compared to a nationwide average of 1.6%.
The nation's most flood-prone counties experienced a net influx of about 400,000 people in 2021 and 2022.
AIG is curbing home insurance sales in around 200 ZIP codes across the U.S.
The new version of the index integrates a social vulnerability index, which analyzes census tracts to flag 14 vulnerabilities.