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Stories Tagged as

Insurance

Much of the damage from Hurricane Ian will be from flooding, but will homeowners be covered?

by Samantha Fields
Sep 30, 2022
Regular homeowner's insurance policies don't cover water damage from storm surge, or flood waters from the ground up.
In this aerial view, cars sit in floodwater near downtown after Hurricane Ian on Sept. 29, 2022 in Orlando, Florida.
Gerardo Mora/Getty Images
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Ian's catastrophic damage in Florida falls on an insurance market in turmoil

by Meghan McCarty Carino
Sep 29, 2022
The storm could cause more than $30 billion in property losses at a time when insurance companies in the state are losing money.
Hurricane Ian may be one of the costliest storms in U.S. history. Above, debris in Fort Myers Beach, Florida.
Joe Raedle/Getty Images
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Regulators look at how "big data" may contribute to racial bias in insurance rates

by Harriet Jones
Nov 30, 2021
Some advocates say the industry needs to move more quickly to address the issue.
While many insurance companies leverage big data and artificial intelligence to calculate insurance rates, advocates say it can produce disparities between urban and suburban residents. Above, a suburban neighborhood in Richmond, California, viewed from an Amtrak train.
Joe Raedle via Getty Images
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A Warmer World

The changing climate is driving up home insurance claims, and rates

by Samantha Fields
Oct 28, 2021
More extreme weather means more damage to homes and property — a challenge for insurers, as well as owners.
A car sits on a flooded garage in Mamaroneck, New York, following Hurricane Ida in September.
Kena Betancur/AFP via Getty Images
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A Warmer World

The climate crisis is here. Are insurance companies keeping up?

by Dylan Miettinen
Aug 6, 2021
Better use of data could help insurers inform future policies.
A home is engulfed in flames as the Dixie fire rages on in Greenville, California on August 5, 2021.
Josh Edelson/AFP via Getty Images
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NOAA releases warmer climate "normals" for the U.S.

by Kimberly Adams
May 4, 2021
The new baseline temperatures are a reflection of climate change.
Climate change is acting as a headwind for agriculture, slowing down productivity growth, according to one expert.
David McNew/Getty Images
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Climate change may quickly affect the global economy, report finds

by Jasmine Garsd
Apr 23, 2021
Swiss Re, one of the world's biggest insurers, projects that by 2050, climate pressures could reduce the world's GDP by 14%.
Rising temperatures, higher sea levels, falling crop yields and wildfires are also likely to reduce global wealth significantly by 2050.
Samuel Corum/Getty Images
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2 years after losing their homes in California fire, some are still wrangling with insurers

by Lily Jamali
Dec 11, 2020
California has opened an audit into insurance company Nationwide's practices.
An aerial view of a neighborhood destroyed by the Camp Fire on Nov. 15, 2018, in Paradise, California.
Justin Sullivan/Getty Images
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COVID-19

Businesses, insurers want federal backstop to interruption insurance

by Kimberly Adams
Sep 11, 2020
Retailers like Century 21 are blaming unpaid insurance claims for their bankruptcies.
A Century 21 department store in lower Manhattan on Sept. 10. The company blamed its insurers for its bankruptcy.
Spencer Platt/Getty Images
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Insurance increasingly unaffordable as climate change brings more disasters

by Samantha Fields
Aug 31, 2020
In California, homeowners in high wildfire-risk areas are finding insurance is harder to find, costs more and is worth less.
The LNU Lightning Complex Fire burns through Napa on Aug. 18, 2020.
Justin Sullivan/Getty Images
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