Uninsured homes in flood-prone areas pose growing credit risk
Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
The counties with the greatest exposure lie along the coasts of Florida, Louisiana, South Carolina and Texas.
Insurance claims dropped in 2025, but covered loss amounts didn’t follow, largely due to the severity of the Southern California wildfires, Rate reported.
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Alongside a bill that gives homeowners a year of forbearance after state-declared emergencies, lawmakers will consider extending wildfire-related moratoriums.
Nearly half of respondents say if these payments rise, it would make it difficult to meet their mortgage obligations, according to The Zebra.
“Wildfire risk is not just an occasional catastrophe, but a recurring cost embedded in the state’s economy,” said the report issued this week by the […]
The homeowners insurance market in the U.S. “faces mounting strain from severe climate risk,” Benjamin Collier and the other authors said in their commentary.
The FHFA’s ACV condo insurance rollback gets the balance right between affordability and safety, even if politics muddied the waters, the chairman of Whalen Global […]
Across the personal lines space, pricing is expected to stabilize for homeowners, auto, flood and umbrella coverage.