Weather Risk

As FAIR plans evaluate their next steps, a few principles can make the difference between incremental improvement and meaningful change.

The carrier is the latest to announce participation in the state's Sustainable Insurance Strategy.

Over the last three years, severe convective storms caused $208 billion in global insured losses.

In areas of Florida, Louisiana and Oklahoma, rates rose 25% or more between 2019 and 2024.

Worsening drought conditions will increase risk across the western U.S.

The dryness is expected to persist through spring after weeks of scant rainfall and a late-winter heat spell.