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The agency estimates flood-related payouts from the late September Category 4 hurricane to be as much as $5.3 billion.

Learn why insurance carriers should be surveying their distribution networks and how it can enhance customer experiences.

Valued policy laws generally apply only to buildings and structures, and only to losses due to perils specified in the law.

Growing replacement costs and the frequency of severe weather are driving up the average annual total, according to Verisk.

AM Best anticipates carriers will be able to manage losses in Puerto Rico and the Dominican Republic stemming from Fiona.

Fiona is the sixth storm of the 2022 Atlantic hurricane season and the first to cause widespread damage.

Floods are an excluded peril in standard homeowners policies, so those in areas in danger of flooding should consider additional coverage.

Complicating the matter is the fact that climate-fueled extreme weather can be hard to predict.