Catastrophe & Restoration

The Trusted Choice Relief Fund is supporting agents and brokers impacted by catastrophes, thanks to recent support from Progressive.

The agency used its periodic Business Trends and Outlook Survey to look at weather-related business losses.

Signs of stress: In addition to expected lawsuits, divorce and domestic abuse tend to increase after a catastrophe.

The average cost to replace a roof in 2023 was $16,000 for residential properties and $40,000 for commercial structures.

Landslides can happen anywhere, but insureds may be unaware of the coverage required for these disasters.

Stadiums in coastal areas are more vulnerable to climate-related risks.

Imagine living in a place where "natural disasters are almost a way of life."

In the wake of disasters like Helene and Milton, insurers should offer incentives for resilience-focused construction.