THE TRUTH ABOUT: National flood insurance program | History Defined

Why Flood Damage Is Rising Fastest in the Northeast

Extreme rainfall in the Northeast is up roughly 60% since the 1950s, while inland flood insurance take-up sits near 1%. What that gap means for homes.

inkl · Nov 4

Does home insurance cover storm damage?

Home insurance will typically cover various types of storm damage, but you may face exclusions for flooding or sewer backup damage without added coverage.

Fortune · Oct 29

Hurricane season is here: Federal flood insurance carries 2 moral hazards – which you face depends largely on how wealthy you are

Anyone who has been through a flood or hurricane knows the scene: waterlogged furniture piled on curbs, gutted homes with mold creeping up the walls, families displaced for months. But the recovery isn’t the same for everyone.

The Conversation · Jun 1

Editorial: After Hurricane Ian, build back different

Florida’s home-insurance business was in trouble even before Hurricane Ian tore across the state last month. Big insurers were taking their business elsewhere, smaller ones were going broke, costs due to litigation and fraud had soared, and so had premiums. The private market was pulling back as the risk of…

Tribune News Service · Oct 12, 2022

The big reason Florida insurance companies are failing isn't just hurricane risk – it’s fraud and lawsuits

Hurricane Ian’s widespread damage is another disaster for Florida’s already shaky insurance industry. Even though home insurance rates in Florida are nearly triple the national average, insurers have been losing money. Six have failed since January 2022. Now, insured losses from Ian are estimated to exceed US$40 billion

The Conversation · Oct 5, 2022

Government Subsidies Encouraged Millions To Move Into Hurricane Ian's Destructive Path

Plus: Reason livestream on right-wing populism, the government can't solve the fentanyl crisis, and more...

Reason · Sep 29, 2022

Yellowstone's historic flooding is an insurance nightmare

Only a fraction of residents have flood insurance

Axios · Jun 17, 2022