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While tech has revolutionized flood insurance, insurers must continue to develop better risk-mitigation and coverage solutions.
As much as 8.12 inches of rain fell at the U.S. Military Academy at West Point, located north of New York City.
Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million of bonds.
Home-buying in the U.S. is pricier than ever before, but WalletHub reports there are pockets of affordability.
The 2022 hurricane season illustrated that even in a mild year, a single major storm can cause industry-shaking losses.
Even coastal properties with appealing risk profiles still face rate increase increases between 15%-50%.
Just 2% of policyholders that have faced extreme weather think their homes will never see weather damages again.
Citizens is expected to hit 1.7M policies with $654B in total insured value by the end of this year.
Florida, Louisiana and the other states are challenging Risk Rating 2.0, which changed the methodology for determining flood insurance prices.
The contractor faces five years in prison if convicted of workers' comp fraud and unlicensed contracting during a state of emergency.
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