INSURASALES

Tag: Natural Disasters

St. Louis Storms Expose Homeowners Insurance Coverage Gaps Amid Rising Premiums

Severe storms in St. Louis highlight critical gaps in homeowners insurance coverage amid rising premiums and underwriting challenges, impacting recovery and market stability.

Rising Homeowners Insurance Rates Reflect Increased Tornado and Hailstorm Risks

Homeowners insurance premiums rise sharply in tornado-prone U.S. states due to increased hail damage claims and changing severe weather patterns. Insurers adjust rates and coverage amid evolving risks.

Tornado Uncovers Insurance Coverage Gaps in Small Kansas Town

An EF-2 tornado in Plevna, Kansas, highlights significant insurance coverage gaps among homeowners and city buildings, posing challenges for disaster recovery and risk management in rural areas.

Canopius Appoints Global Parametrics to Underwrite Catastrophe Risk at Lloyd’s

Canopius selects Global Parametrics as coverholder to underwrite parametric natural disaster insurance for Lloyd’s Syndicate 4444, enhancing catastrophe risk solutions.

North Texas Homeowners Face 22% Insurance Premium Increase in 2024

North Texas homeowners see a 22% rise in insurance premiums in 2024 driven by increased storm claims and rising material costs, impacting mortgage affordability and lending.

Mississippi Declares Flood Insurance Awareness Week

Mississippi's Governor declares Flood Insurance Awareness Week to promote flood insurance coverage amid increasing flood risks.