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tropical cyclones

Florida Counties Retain Federal Flood Insurance Discounts | Insurify

Pinellas, Estero, Cape Coral, Fort Myers Beach, and unincorporated Lee County are holding onto their National Flood Insurance Program (NFIP) discounts for now. Floridians pay some of the highest rates for flood insurance, at $958 annually. FEMA’s Community Rating System (CRS) program offers conditional discounts for NFIP policyholders in

US Hit With 20 Billion-Dollar Climate Disasters So Far in 2024 | Insurify

Sobering statistics show the U.S. has experienced 396 billion-dollar weather and climate disasters since 1980. Overall insured and uninsured losses from these events exceed $2.780 trillion. So far this year, the U.S. has sustained 20 weather events with losses of $1 billion or more. Hurricane season

Thousands of US Communities Forgo Federal Flood Insurance | Insurify

Catastrophic inland flooding in North Carolina, South Carolina, and Tennessee has made headlines across the country in recent months. Severe flooding in areas not typically associated with flood problems may have Americans wondering if they should buy federal flood insurance. But National Flood Insurance Program (NFIP) coverage may not be

Severe Flood Risk Threatens Over One-Third of Global Population, Report Finds | Insurify

Recent hurricanes Helene and Milton poured trillions of gallons of rainwater across multiple states, causing catastrophic flooding. But the problem of increasingly elevated flood risk isn’t unique to the U.S. Changing weather patterns, population movement, and other factors affecting inland and coastal waters expose 3 in 10 people

Milton Lands Among Top 10 Costliest Hurricanes for Insured Losses | Insurify

Hurricane Milton could end up among the top 10 most expensive storms for insurers in the last 124 years, according to Moody’s RMS Event Response. Moody’s estimates Hurricane Milton’s total private market loss will total $26 billion, with an outer range of $22 billion to $36 billion.

Louisiana Insurance Commissioner Pushes to Expand ‘Fortify Homes Program’ After Recent Successes | Insurify

Louisiana has some of the highest home insurance rates in the country, but state leaders want to expand a plan to strengthen homes against storm damage to help some lessen the burden. State Insurance Commissioner Tim Temple wants to provide more funding for Louisiana’s popular Fortify Homes Program next

10 States Where Climate Change Isn’t Driving Home Insurance Spikes | Insurify

Extreme weather, amplified by climate change, has raised insurer risks and insurance rates for U.S. homeowners, especially in the last decade. Damages from large natural disasters have soared from about $22 billion per year in the 1980s to $149 billion per year in the 2020s, adjusted for inflation.[1]