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This potentially unsettling phenomenon is poised to rise from a confluence of factors, including skyrocketing insurance costs.
While the NFIP was established in 1968, interest in such a program stretches back much further.
Florida accounts for only 9% of U.S. insurance claims but represents 79% of homeowners' lawsuits.
Having accurate, up-to-date geolocation data is more critical than ever as property risk shifts to reflect a changing climate.
Review what flood insurance does and doesn't cover as well as how 'flooding' is defined by the NFIP.
Heading into September, nearly 100 federal lawsuits were filed against property and casualty insurers, according to Law.com Radar.
Multiple types of insurance may cover liabilities arising from climate change cases, but the focus of coverage battles to date is on current and historic general liability policies.
Cities around the world have seen record rainfall 139 times in 2023.
Claims Innovation honorees thoroughly understand the impact that a single claim has on policyholder satisfaction. (Part 2 of 5)
Population growth and development in storm-prone areas dwarfs the benefits of enhanced building codes.