According to data from Lending Tree, home insurance rates have increased an average of 37.8% since 2019. (Credit: Yuliia Sydorova/Adobe Stock)
Protection gaps will remain large or worsen moving toward 2030, amid changing risks and unsustainable rate growth, according to a new report from Bain & Company.
By 2030, just 25% to 35% of damage from natural disasters will be covered. For cybersecurity, only 10% to 15% of losses are expected to be covered.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
