Insurance Bureau of Canada (IBC), the national industry association representing Canadian private home, auto and business insurers, has blamed Prime Minister Justin Trudeau’s for failing to protect property owners from climate-related disasters during 2024....
A new law went into effect today in Florida that requires home sellers to disclose their property’s flood risk to buyers. Central Florida Public Radio reported HB-1049 mandates that sellers inform buyers if insurance claims for flood damage had been filed on their...
The insurtech FloodFlash has rolled out U.S. business interruption (BI) coverage ahead of this year’s hurricane season. According to the company, the new Flood BI coverage was created because many businesses and public entities are unable to get BI cover – the...
This is article is adapted from recent written testimony presented before the U.S. House Financial Services Committee Subcommittee on Housing and Insurance by Alicia Huey, 2023 Chairman of the Board of Directors of the National Association of Home Builders and a...