Reciprocal insurance exchanges expanding in catastrophe-prone states
Reciprocal insurance exchanges are gaining traction as traditional insurers retreat from high-risk areas due to climate-related challenges.
Natural Disasters
Kin reports nearly half of U.S. Homeowners consider moving over climate concerns
The inaugural Kin report reveals significant homeowner concerns regarding climate change impacts on relocation decisions and rising insurance costs.
Kin survey shows most California homeowners take steps to reduce wildfire risk
A recent survey by Kin Insurance reveals that a significant majority of California homeowners have adopted measures to mitigate wildfire risks, which could influence their insurance costs positively.
McKinsey official on CA insurance crisis: ‘New thinking highlights the need for active risk reduction, optimized risk ownership, and forward-looking wildfire models’
Clarysse Blanchard, Engagement Manager at McKinsey & Company, said that innovative, risk-focused approaches are necessary to better protect California homeowners and enhance resilience following the Los Angeles fires.
Kin CEO Harper at ITC Vegas on changing insurance climate: ‘With technology and data, we’re even more adaptable’
Sean Harper, CEO and founder of Kin, emphasized the importance of data and technology in adapting insurance practices during a fireside chat at ITC Vegas 2025.
Sen. Schiff on insurance market: ‘The Insure Act will bring stability to the American insurance market’
Adam Schiff, U.S. Senator for California, announced the introduction of the INSURE Act, a legislative proposal aimed at creating a federal catastrophic reinsurance backstop.
FEMA releases study on U.S. tsunami risk and preparedness
The Federal Emergency Management Agency (FEMA) has released a study outlining tsunami risks in the United States, estimating over $1 billion in average annual losses and providing preparedness guidance for…
Treasury Dept. releases homeowners insurance data to support disaster resilience
The U.S. Department of the Treasury has released a report and dataset on the U.S. homeowners insurance market, aiming to inform disaster resilience efforts.
FEMA updates recovery efforts after 2024 hurricanes
The Federal Emergency Management Agency (FEMA) announced in a press release that it has provided an update on recovery efforts following the 2024 hurricane season.
FEMA disputes media reports on disaster relief funding
The Federal Emergency Management Agency (FEMA) announced in a press release that it disputed recent media reports about disaster relief funding operations.
NBER Digest highlights incentives for homeowners to reduce insurance risks
The National Bureau of Economic Research has highlighted new research on homeowners insurance premiums in its latest newsletter.