Larger insurance providers have been cutting back on Floridians' property insurance coverage.
Last year was the most damaging hurricane season on record, with storms Harvey, Irma and Maria wreaking hundreds of millions of dollars of destruction across the United States. The 2018 season gets underway in June, and some forecasters are predicting…
But people may be taking some risks more seriously.
Catastrophe bonds spread insurance risk for events like hurricanes.
"Everyone becomes on edge when you hear any type of heavy rainfall," a Louisiana homeowner says.
As the devastation continues to mount in Texas, so does the heavy debt owed by the National Flood Insurance Program. The program, which is managed by FEMA, already borrowed nearly $25 billion, most of it to cover claims from Hurricane…
Floodwaters have displaced hundreds of people and lead to several deaths in the Midwest. Now the damage assessment starts. The National Flood Insurance Program helps homeowners buy affordable flood insurance, but it’s $25 billion in debt. Congress has a chance…
Most Louisiana homeowners aren't covered.