One leading, but little-discussed, cause of this coverage crunch: a big increase in the cost of reinsurance policies. Now all eyes are on a round of reinsurance renewals currently under way in Florida and elsewhere that will help determine whether more premium increases are in store for homeowners.
Tag: disaster areas
Report: 90% of U.S. Counties Hit with a Disaster in Last 10 Years
According to a report by Rebuild by Design, 90% of counties in the United States experienced a weather disaster between 2011 and 2021.