Weather Risk

Even in regions where hurricanes are less frequent, the financial consequences are becoming harder to ignore.

In North America, the gap between insured and uninsured property rose 6% last year to $140 billion.

First-time homebuyers are demonstrating greater engagement with the insurance purchasing process.

In addition to other reforms, the bill expands requirements tied to additional living expenses coverage.

Private residential flood policies grew at a 20% annual rate between 2020 and 2024, with more than 140 carriers now offering flood coverage.

Falvey Insurance: Brokers should encourage contingency planning, rerouting strategies, and clear communication protocols.