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Van Bebber (Vb-type) cyclones are responsible for some of the region's most severe flood events.

Non-weather-related water damage costs insurers about $13 billion a year.

Between 2019 and 2022, homeowners watched the cost of insurance spike 55% and auto insurance rates swelled 46%.

However, replacement costs are still unusually high and most carriers may not yet notice the moderation.

In addition, review the 10 vital components to a top-flight disaster recovery plan for commercial clients.

Experts predict an active 2024 Atlantic hurricane season.

Insurance industry news from Gallagher Re, Mylo, National Equipment Register and more is featured in this weekly update.

There may be insurance coverage for property damage due to a power outage caused by a covered peril.