The U.S. experienced 25 separate billion-dollar weather disasters in 2023 — the largest number since records began.
As California’s unofficial wildfire season ends, experts are hopeful things will remain mild for the remainder of 2023.
Many American homeowners are gambling that they won’t experience a disaster and forgoing purchasing home insurance due to rising costs.
Homeowners face higher deductibles, new coverage limits, and double-digit premium hikes as insurers try to get profitable by charging more for less.
Insurance companies are pulling back on homeowners’ policies nationwide due to fears of natural disasters and soaring rebuilding costs.
Single-family homes with living spaces atop garages are particularly vulnerable to collapse in an earthquake, with many needing retrofitting.
High-net-worth homeowners are facing the hardest property insurance market “in a generation,” meaning buyers should expect higher renewal premiums.
The overall number of dog bite injury insurance claims dropped in 2022, but the costs surged as insurers paid out more than $1 billion.
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