Catastrophe & Restoration

At least seven injuries and four deaths have been reported, according to Cal Fire.

Although private flood insurance has grown in recent years, it remains less than 1% of direct premiums written, Fitch Ratings reported.

GlobalData predicts premium rates in Australia will continue to rise, leading to underinsurance and non-renewal of policies as customers struggle to afford their coverage.

Insureds need to consider the cost to rebuild a home if it is destroyed when determining its insured value.

Inland flooding is now more common and costly than coastal catastrophes. Here's advice for insurance adjusters and insureds.

Natural disasters caused global losses of $65 billion in the first half of 2022, says a new mid-year report from Munich Re.