When a natural catastrophe hits a community, there can be significant long-term impacts. When a large portion of the local population leaves the area during the rebuild process, local economies struggle, contributing to job displacement and the destruction of real estate and other assets. And even after reconstruction efforts are completed, the financial and social […]
Soaring US Solar Insurance Costs Turn Spotlight on Site Protection
US solar developers are bearing the brunt of climate change as more frequent extreme weather events hike insurance costs. Hail storms, tornados and wildfires have pushed up insurance premiums for solar projects, impacted the scope of policies and reduced availability. Property and casualty insurance premiums for solar plants have increased by as much as 400% […]
10 Facts You Should Know About Weather-Related Home Insurance Claims
Weather-related home insurance claims can be a whole separate ball game from other home claims. “Weather losses are always more complicated because you’ve got thousands of people experiencing losses at the same time. These events are taxing on the entire community, whereas if you have one loss, such as a water main break in your […]