Sign in Subscribe

insurify

Could New York Ban Insurers from Covering Fossil Fuel Projects? | Insurify

A new bill in the New York Legislature aims to stop insurance companies from making money on fossil fuels. The Insuring Our Future Act would prohibit insurers from writing policies for any new fossil fuel projects and mandate companies phase out underwriting of existing projects. Within five years, the legislation

New Service Moves Vehicles to Safety Before Hurricanes Make Landfall | Insurify

Families that evacuate when a hurricane is on the way often have to leave most of their belongings behind, including a family vehicle. Flood damage can total a vehicle, leaving owners with limited or no transportation and insurers with a hefty claim to pay out. But vehicle fintech Way.com

Auto Insurance Rate Hike? Your Phone Might Be to Blame | Insurify

Drivers routinely use their phones in the car to listen to music or get directions. But the devices may be listening back, tracking driving behavior, and ultimately sharing that information with insurers. A recent report from The New York Times named three popular apps — Life360, MyRadar, and Gas Buddy — as

Preparation Pays Off: Investing in Climate Resilience Helps the Economy, Report Shows | Insurify

Climate disasters cost the U.S. economy billions every year, but a new report found that every $1 communities invest in climate resilience and disaster preparedness saves $7 in economic costs and $6 for cleanup costs. The 2024 Climate Resiliency Report, released in June, is a collaboration between the U.

As Hurricane Season Hits, More Homeowners Pushed to Florida’s Last-Resort Insurer | Insurify

Since the beginning of the 2024 hurricane season, Citizens Property Insurance, Florida’s insurer of last resort, picked up more than 20,000 home insurance policies in June and another 6,776 by mid-July, according to the insurer’s data. This uptick is in direct contrast to Florida’s

Washington To Elect First New State Insurance Commissioner in Over 20 Years | Insurify

Washington state residents will vote to elect a new state insurance commissioner for the first time in 24 years on Nov. 5. Eight candidates are on the ballot for the Aug. 6 primary election. Mike Kriedler, the commissioner since 2000, announced in May 2023 that he wouldn’t seek re-

Project 2025 Aims to End the National Flood Insurance Program | Insurify

Project 2025, the presidential transition plan of the Heritage Foundation, calls for the federal government to end the National Flood Insurance Program (NFIP). The program currently provides affordable flood insurance for more than 4.6 million properties in areas with high flood risk. “When flood costs exceed NFIP’s revenue,