Stand Insurance secures $35 million in Series B funding to expand homeowners insurance into Florida's high-risk catastrophe market. Focus on resilience, AI-driven underwriting, and property risk mitigation.
Stand raises $35M to expand its resilience-linked property insurance model from California to Florida’s high-risk windstorm market, promoting mitigation-based coverage.
Verisk's 2025 report reveals global insured property losses from natural catastrophes have risen to $152B annually, driven by frequent severe events. Insurers must adjust risk models and strategies to manage growing catastrophe exposures effectively.
Kin Insurance completes $1.6 billion catastrophe reinsurance program for 2025-26, enhancing risk management and regulatory compliance in homeowners insurance.
Heritage Insurance Holdings completed its 2025-2026 catastrophe excess-of-loss reinsurance program with a $285 million increase in limits and incorporation of catastrophe bonds, enhancing risk transfer capacity and financial stability.
