Part 1/6:
The Shift in U.S. Insurance Due to Natural Disasters
The landscape of home insurance in the United States is experiencing significant changes, primarily driven by increasing losses from hurricanes, storms, and wildfires. As these severe weather events become more common, major U.S. insurers are reevaluating their engagement with high-risk states such as California, Florida, and Louisiana. This retreat has paved the way for global players, such as Lloyds of London and Munich Re, to enter these challenging markets and provide coverage in areas that traditional insurers are shying away from.