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"Lax regulation and monitoring of property insurers makes Florida mortgage markets far more exposed to climate risk than people might think," said Parinitha Sastry, an author of a working paper by researchers at Harvard University, Columbia University and the Federal Reserve.
April 24 -
Greater exposure to climate risks is driving an increase in insurance premiums and decrease in insurance availability.
April 22 -
The two companies, units of Japan-based Tokio Marine Holdings Inc., said the decision will affect 12,556 policies with premiums of $11.3 million.
April 19 -
The one-year-old startup, which recently had a $500,000 funding round with Metaprop and others, helps identify properties that are better protected against natural perils.
April 14 -
There is a disconnect between today's insurance frameworks and the financing needed to invest in adaptation and mitigation measures.
April 11ACTUAL -
The average premium for homeowners insurance in the US is expected to hit $2,522 by the end of the year, driven largely by intensifying natural disasters, rising reinsurance costs and higher fees for home repair, according to Insurify, a Massachusetts-based insurance-comparison platform.
April 1 -
Defections by U.S. states from NAIC's call for property market data reporting could widen the gap in insurance protection, climate risk solutions expert says.
April 1 -
Insured losses from natural catastrophes have been on a slow and steady rise.
March 26 -
The move comes just nine months after State Farm announced plans to stop issuing new coverage in the most populous US state.
March 26 -
This will be the first spring outlook since 2021 where there are no communities at risk of significant flooding, according to climate forecasters.
March 26