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PA Launches Flood Insurance Task Force | Insurify

A new Flood Insurance Premium Task Force in Pennsylvania will look for ways to make flood insurance more affordable and accessible in the Keystone State, Gov. Josh Shapiro’s office announced. Pennsylvania’s state government has created a Flood Insurance Premium Task Force charged with recommending tactics to make flood

Sand Dune Disaster: $500K Washed Away in MA | Insurify

An investment of over $500,000 by the town of Salisbury, Massachusetts, to restore its sand dunes and protect the community from battering tides is gone, swallowed by a pair of record storms over 72 hours in early March. Salisbury’s experience may seem extreme, but it’s far from

Flood Payouts to Rhode Island Homeowners Were 417 Times Higher in 2023 | Insurify

Severe flooding caused the National Flood Insurance Program (NFIP) to pay out $4.6 million to Rhode Island homeowners in 2023, findings show. That figure is 417 times higher than the $11,000 paid for flood claims in the state in 2019. Rhode Island experienced more than 50 major flood

Florida Snagged Two-Thirds of National Flood Insurance Payouts in 2023 | Insurify

The National Flood Insurance Program (NFIP) paid out $913 million to U.S. homeowners last year, and $629 million of that went to residents in Florida. Major flooding from hurricanes and storm surges caused most of the payouts. The Federal Emergency Management Agency (FEMA) oversees the NFIP, which is primarily

The Most and Least Climate-Resilient Cities for Homeowners | Insurify

Once relatively foreseeable, the cost of homeownership is becoming harder for homeowners to predict as insurance premiums increase. Insurify projects a 6% increase in U.S. home insurance rates by the end of 2024 — but homeowners in states with high climate risks, like Louisiana and South Carolina, could see double-

Fewer Californians Buying Flood Insurance Despite Record-Breaking Year | Insurify

Flood insurance claims in California soared nearly 211% in 2023, reaching an all-time high of more than $59.3 million, according to National Flood Insurance Plan (NFIP) data. And despite severe flooding and storms that caused nearly $5 billion in damages last year, the number of Californians with NFIP

Different States, Same Problem: A Home Insurance Crisis | Insurify

The U.S. has more than 95,000 miles of shoreline — and every inch of it is at risk of climate-change-driven storm damage, flooding, and erosion. California and Florida — two of the largest, most populous, and economically robust states — account for 3.5% and 8.8% of the