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natural hazards

How Virginia Wildfires Could Impact Home Insurance Rates | Insurify

Gov. Glenn Youngkin declared a state of emergency in Virginia due to multiple wildfires in the state, stoked by dry conditions and dry winds. The month-long state of emergency went into effect on Monday, Nov. 6, 2023, days after two fires — the Quaker Run Fire in Madison County and

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

Can’t Cover Your Home Insurance Deductible? New Disaster Insurance Could Help | Insurify

A new kind of disaster insurance is emerging to help homeowners stay afloat financially until their home insurance claim comes through following a disaster. Financial well-being is declining, and more than half of American homeowners don’t have close to enough savings to cover high insurance deductibles. Insurers are

Nearly 33M Coastal Homes at Risk From ‘Very Active’ Hurricane Season, Report Says | Insurify

Hurricane season is here, and more than 32.7 million homes on the U.S. Gulf and East Coasts are at risk from hurricane damage. If the almost unimaginable happened and all sustained catastrophic damage, it would cost nearly $11 trillion to rebuild them, according to a new report by

Does Early Storm Data Herald a Harrowing Hail Season Ahead? | Insurify

If severe weather events are as persistent through the summer as they were the first few months of the year, the 2024 U.S. hail season may be well on its way to breaking records — not to mention windshields and windows. Hailstorm activity increased nearly 74% year over year in