Home Insurance

This article discusses the importance of earthquake insurance, particularly in areas prone to seismic activity like California. It explains what earthquake insurance covers, the limitations and exclusions, and why it's essential to have it. The article also provides useful advice for readers considering earthquake insurance.

This article delves into the enhancement of the Triple-I Resilience Accelerator's flood risk visualization tool with NFIP data, focusing on take-up rates and their significance for community resilience.

This article provides a comprehensive guide to preparing for Hurricane Ida, focusing on understanding the storm's potential impact, practical preparation tips, and the role of insurance in disaster recovery. It emphasizes the importance of immediate action and understanding insurance coverage to mitigate the risks associated with a major hurricane.

This article discusses the White House and FEMA's vision for climate and disaster preparedness, emphasizing the importance of resilience and modernizing hazard-mitigation programs.

This article discusses the rising cost of water damage claims in home insurance and how IoT devices can significantly reduce these losses. It also explores the barriers to IoT adoption and potential solutions.

This article discusses the financial preparedness of Florida insurers to handle another major hurricane this season, despite the impact of Hurricane Milton. It highlights the role of reinsurance capital, sophisticated tools, and state legislative reforms in maintaining market stability.

Colorado State University's hurricane researchers forecast an extremely active 2024 Atlantic hurricane season, driven by record-warm sea surface temperatures and climate conditions. This article provides insights into the forecast, the impact of climate conditions, and practical recommendations for preparing for the upcoming season.

Lee County, Florida, faces potential increases in flood insurance premiums as FEMA revokes NFIP discounts due to issues like unpermitted work and lack of documentation. This comes amidst rising NFIP rates and a growing private flood insurance market.

This article discusses the high earthquake risks in California, the importance of early warning systems like ShakeAlert, the benefits of retrofitting older homes, and the necessity of specialized earthquake insurance. It also provides practical tips for earthquake preparedness.

This article examines the rising cost of dog-related injury claims, particularly in the context of the pandemic's impact on pet behavior. It highlights the financial burden of these claims and offers preventive measures and insurance coverage advice.

As Hurricane Sally approaches the Gulf Coast, the low rates of flood insurance coverage in at-risk areas highlight the need for increased awareness and preparedness. This article discusses the potential impacts of the hurricane, the disparity in flood insurance coverage rates, and the urgency of obtaining flood insurance.

This article delves into the intricate relationship between insurance underwriting and economic analysis, highlighting the importance of understanding economic trends in setting insurance rates. It also discusses the tools and strategies that can help insurers navigate the complexities of the insurance landscape.

This article explores the role of mangroves in mitigating storm damage and discusses the potential of parametric and indemnity insurance to support their preservation. It highlights the benefits of these insurance types and the need for further research to develop effective mangrove insurance policies.

This article discusses the recent reports by the Casualty Actuarial Society on addressing bias in insurance pricing, focusing on the role of AI and machine learning. It highlights the regulatory perspectives on algorithmic bias and explores the use of telematics to balance risk assessment and social fairness.

This article explores the use of parametric insurance in coral reef conservation, using the case of Hurricane Delta in Mexico as an example. It discusses the benefits of parametric insurance over traditional insurance and suggests its potential application to other natural assets such as mangroves and commercial fish stocks.

This article explores the growing threat of convective storms in the United States, the strategies being employed to mitigate these risks, and the impact of the COVID-19 pandemic on emergency response. It also provides useful advice for individuals and communities to prepare for upcoming storm seasons.

This article emphasizes the importance of smoke alarms in home fire safety and provides tips for regular maintenance and replacement. It also discusses potential insurance discounts for homes with smoke alarms.

The Milwaukee Metropolitan Sewerage District is implementing an ambitious plan to combat flooding through nature-based solutions like reforestation and wetlands restoration. The plan includes planting millions of trees and restoring thousands of acres of wetlands, with a focus on community involvement and innovative funding mechanisms.

This article explores the flood insurance gap in the United States, the roles of private insurers and FEMA, and strategies for mitigating flood risk. It emphasizes the importance of understanding flood insurance beyond coastal areas and provides practical advice for readers.

This article discusses the impact of rising home construction costs on homeowners' insurance and the importance of key additional coverages. It also highlights the escalating threat of natural disasters and provides essential tips for homeowners to properly insure their homes.

This article provides a detailed analysis of dog bite liability claims across the United States, highlighting the financial impact on homeowners insurance companies and offering preventative measures for pet owners.

A recent study by the First Street Foundation reveals the growing flood risk in the U.S. due to climate change, with significant financial implications for homeowners and the National Flood Insurance Program. The study also highlights the need for improved flood insurance pricing and a multi-pronged approach to mitigation and resilience.

This article explores the rising costs of homeowners insurance, driven by factors such as the COVID-19 pandemic, inflation, natural disasters, and legal challenges. It provides insights into the dynamics behind these price shifts and offers strategies for consumers and policymakers to navigate these challenges.

Florida leads in lightning-related homeowners insurance claims, with a decrease in the number of claims but a significant increase in the average cost per claim. Factors driving the rise in claim costs include increased labor and construction costs and the demand for smart home products.