Flood insurance

Data from Neptune Flood reveals the lack of coverage from homeowners and business owners facing the storm's deadly destruction.

From Indiana to Florida, more than 3.2 million customers are without power with South Carolina accounting for about 31%, according to PowerOutage.us.

The program lapsing would've precluded mortgage applicants from closing on home loans without the required coverage in federally designated flood zones.

Central Europe's insured flood losses will likely be €2 billion ($2.2 billion) to €3 billion, Global reinsurance broker Gallagher Re estimates.

The Federal Housing Finance Agency has agreed to more regular checks on the government-sponsored enterprises' flood compliance, which impacts mortgage companies.

Now weakened to a tropical depression, Francine will continue to travel inland in the southeastern U.S.

The Community Rating System encourages communities to exceed the standards set by the National Flood Insurance Program.

A majority of states listed saw a decrease in properties with flood insurance coverage between 2023 and 2024.

A Billings, Montana-based First Interstate Bank agreed to a five-figure penalty to resolve charges it engaged in National Flood Insurance Act violations.

As high temperatures break records around the US and wildfires rip through the West, another climate-driven weather hazard — extreme rainfall — is pummeling the country's Northeast and scientists say it will get worse as the climate changes.

Thunderstorm alerts are in place for a swath of Europe from Poland and Hungary to Italy and Greece.

Satellite technologies are leading the way in mitigating the mounting threats posed by climate change.

The Congressional Budget Office acknowledged limitations in its research of expected flood damage data.

Myers, who has three decades of technology and management experience, oversees the implementation of reThought Flood's technology application and strategic initiatives.

"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.

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More borrowers are taking action but lack good information, Fannie Mae finds. Meanwhile, premiums are up yet insurers struggle to profit, a separate KBRA study shows.

Frequent federal budget impasses increase insurance concerns and threaten to jack up financing costs that are already straining lenders.

Digital Insurance reached out to several insurance professionals to gain insight into what parametric insurance is, when it's triggered and how access to data plays a role.

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