Florida InsurersCan Weather AnotherBig Storm This Season Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s recovering home insurance market, the market “can manage losses” from the Category 4 storm “and are ready to cover yet another hurricane,” if one should come this season, according to industry experts who […]
Removing Incentivesfor Development From High-Risk Areas Boosts Flood Resilience
Removing Incentivesfor Development From High-Risk Areas Boosts Flood Resilience (Photo by Jonathan Sloane/Getty Images) By Lewis Nibbelin, Contributing Writer, Triple-I Withdrawing federal subsidies in climate-vulnerable areas can deter development and promote disaster resilience, according to a recent Nature Climate Change study. The study found that these benefits extend beyond the targeted areas. These findings underscore […]
Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S.
Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S. Despite strong income growth that has helped improve personal auto insurance affordability in Louisiana, the state remains the least affordable among its Southern neighbors and the rest of the United States, according to the Insurance Research Council (IRC). In 2022, the […]