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Lightning Sparked $1.2 Billion in U.S. Home Insurance Claim Payouts in 2023 | Insurify

A flash of lightning can cause devastating damage and expensive repairs for insurers and homeowners alike, and new research shows such instances are getting more severe. Insurers paid out $1.2 billion across the country for lightning-caused home insurance claims in 2023, according to data from State Farm and

Top 10 States Most Vulnerable to Hail Damage in 2026 | Insurify

Hail isn’t often a headline-grabbing weather event, but it causes about $1.07 billion in property damage across the U.S. every year, according to the Federal Emergency Management Agency. Hail-related property losses are likely to break some records in 2024 — as of July 1, the total

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