Category: Natural Disasters

Hurricane statistics, floods, fire storms, tsunami, earthquakes – we report the world’s natural disaster events. These life changing events not only rock the industry but leave residents and business owners in dire situations.

North Carolina Home Insurance 7.5% Rate Increase Explained and What’s Coming in 2026

H. Cutner
North Carolina Home Insurance

North Carolina Homeowners Face 7.5% Insurance Rate Hike Starting This Month Starting June 1, homeowners in North Carolina will feel the pinch of a significant change. Insurance premiums are set to jump by 7.5%, tacking on about $243 more to an average annual bill. Why the increase? Think hurricanes, flooding, sky-high lumber prices, and labor costs. This increase is actually split into two parts—one happening now, and the other, another 7.5%, set to kick in on June 1, 2026, as part of the same settlement announced in January 2024. But…

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The $3.5 Billion Shock That’s Making Global Insurance News Headlines

Angela Linders
climate change and how it's effective the insurance industry

Los Angeles Wildfires Are Giving the Global Insurance Industry a Wake-Up Call What happens in Los Angeles doesn’t just stay in Los Angeles. At least not when it comes to the wildfires blazing through the state. The financial shockwaves? They’re being felt across the Atlantic by European insurance giants. These companies are now staring at a $3.5 billion hit, covering nearly 10% of the total insured losses from the disaster. How did European firms even get roped into this fiery mess? The answer is simple. Insurance doesn’t have borders. European…

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Fortified Roofs Prove Their Worth in Alabama’s Hurricane Fallout

Logan B.
Alabama Fortified Roofs

Fortification Nation: How Roof Upgrades Are Changing the Game for Homeowners and Insurers When Hurricane Sally battered Alabama in 2020, it left a clear message in its wake: not all roofs are created equal. But there’s a silver lining. Recent studies show that “Fortified” roofs are saving Alabama homeowners and insurers millions in damage costs. Now, Louisiana is gearing up to follow suit with a bold tax incentive bill. And guess what? They’re not the only ones hopping on the fortified roofing trend. Alabama Sets the Bar Alabama’s coastal counties…

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A Look at State Farm’s Efforts to Stabilize After Devastating Wildfire Claims

Marc
state farm financials

State Farm Deals with Record-Breaking Losses After California Wildfires California wildfires are always devastating. But for State Farm General Insurance Co., the January 2025 fires left more than just charred landscapes and shattered lives in their wake. They caused an unprecedented financial wreckage, with the company recording direct incurred losses of nearly $7.39 billion in the first quarter alone. That’s right. Billion with a “B.” How bad is that? Well, the company also reported a staggering 729.9% direct loss ratio. A number that feels almost unreal. Here’s the breakdown: a…

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Hurricane Ready Homes and Louisiana’s $10,000 Tax Credit Proposal Explained

Marc
Hurricane Ready Homes in Louisiana

Louisiana’s Big Bet on Storm Proofing Hurricanes are no joke. Neither are those skyrocketing insurance premiums Louisiana homeowners have been battling. But now, there’s a glimmer of hope. A new proposal could offer a hefty state income tax credit of up to $10,000 for residents who install fortified roofs. That’s right, $10,000 to help weatherproof your home and maybe shake up the state’s troubled insurance market while you’re at it. What’s the Deal with Fortified Roofs? If you haven’t heard of fortified roofs, they’re the heavy hitters of home protection.…

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Saving Texas Homes and Lenders from Flood-Induced Foreclosures

G. Turner
Texas Homes in Flood prone areas

Many Texas Homes Are in Flood Zones. And They Don’t Even Know It. When you think Texas, you probably picture big skies, wide-open spaces, and a whole lot of heat. But here’s the thing most people don’t realize. Millions of properties across the state are at serious risk of flooding. And the craziest part? A lot of folks don’t even know. The Risk Beneath the Surface Flooding in Texas isn’t just a coastal issue. It’s everywhere. Over the next few decades, millions of homes are expected to face flooding, with…

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State Farm Reports Claims Amid Midwest Weather Tragedy

Angela Linders
hail storm damage

Severe Weather Ravages Midwest, Leaves 27 Dead A brutal series of storms swept through the Midwest on May 16 and 17, 2025, leaving devastation and heartache in its wake. Tornadoes carved paths of destruction in Kentucky and Missouri, while hailstorms pounded parts of Illinois and Indiana. The death toll? A staggering 27 people lost their lives, with 18 deaths reported in Kentucky and 7 in Missouri. What caused all this chaos? It wasn’t just one type of storm. Kentucky bore the brunt of deadly, long-track tornadoes, particularly in Laurel County,…

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