With the National Flood Insurance Program (NFIP) set to expire Sept. 30, just as hurricane and wildfire seasons collide with the threat of a federal government shutdown, uncertainty is mounting for homeowners, insurers and the housing market. The NFIP has faced repeated short-term extensions and lapses, including under the Biden administration two years ago. Between […]
NFIP set to expire as shutdown, disaster seasons collide Read More »
More than one in four U.S. homes — valued at $12.7 trillion — are exposed to severe or extreme climate risks, according to a report released Tuesday by Realtor.com. The analysis found that threats from flooding, hurricane winds and wildfires are increasingly reshaping housing markets, homeowner costs and insurance availability. “Climate risks are no longer
$12.7 trillion in US homes face severe climate risks Read More »
San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build environment and everyone’s homes and businesses,” FutureProof co-founder and co-CEO Alisa
Tech startup offering AI-driven property level risk modeling Read More »