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Katherine Frattarola of HUB Private Client delves into the unique insurance struggles high- and ultra-high-net-worth families face when trying to properly protect their assets.
The Census Bureau says developers need nearly six weeks longer to build a single-family house than the average completion time in 2021.
Older houses are over 3.5 times more likely to generate new hail claims than recently built houses.
Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million of bonds.
The growing availability of external data and advances in risk modeling can make a difference in assessing and mitigating these losses.
The average cost per lightning-related claim in 2022 decreased by nearly 30% compared with 2021, according to Triple-I.
The tropical system is forecast to reach the Lesser Antilles and Puerto Rico later this week.
Researchers determined that two out of five homeowners in the U.S. worry they will soon fall victim to a weather event.
The challenging insurance market means that companies should understand the factors affecting property and business rates.
Even coastal properties with appealing risk profiles still face rate increase increases between 15%-50%.