Over the past few years, inflationary pressures have made a notable impact on the economy -- and on home insurance premiums. According to CoreLogic's U.S. National Building Cost Trends report for Q2'23, building material costs for carpet, insulation, brick and concrete have continued to rise, increasing overall residential reconstruction costs by an average of 1.9% from February to May 2023 nationwide.

California's insurance challenges have roots going back decades. Yet they've come to the fore in the past five years, during which the five largest wildfires in the state's history have occurred, according to Cal Fire.

Unprecedented glacial flooding over the weekend swept away two homes and severely damaged others in Alaska's capital city, officials said Sunday. No injuries have been reported, but floodwaters took part of a third home and caused 'significant undermining' damage to a condominium building, said Juneau Deputy City Manager Robert Barr.

Waves are getting bigger and surf at least 13 feet (about 4 meters) tall is becoming more common off California's coast as the planet warms, according to innovative new research that tracked the increasing height from historical data gathered over the past 90 years.

According to the World Bank, the earthquake that shook Turkey back in February caused direct physical damage worth $34 billion. The Turkish Enterprise and Business Confederation, however, estimates the quake's total economic impact will reach roughly $84.1 billion, including loss of productivity and national income.

Skyrocketing home insurance rates in Florida have become a massive problem for many property owners in the state who are struggling to be able to find coverage they can afford. The state has been teetering on the edge of crisis, and the situation is continuing to worsen recently.

A Cross County woman whose home was destroyed by an EF3 tornado packing winds of 150 mph that swept through Wynne on March 31 has settled a lawsuit with her insurer for more than $1 million after she accused the company of offering her more than $200,000 less than her home was insured for following the storm.

Even as FEMA is working to dole out millions of dollars in grants to Vermonters hit by flooding in eight designated counties, some who received money following previous flooding -- but did not comply with subsequent insurance requirements -- are now learning they are not eligible.

A brokerage leader has slammed California's insurance commissioner, Ricardo Lara, for the worsening property insurance crisis in the state, saying over-regulation is contributing to increasing rates and carrier pullouts.

According to Citizens Property Insurance Corporation, the state's insurer of last resort, it is projected to hit a record 1.7 million home insurance policies by the end of the year.

The Golden Fire burning in Klamath County has destroyed 43 homes and another 43 "outbuildings," according to the Oregon State Fire Marshal (OSFM). However, that number could change as conditions improve and task forces finish making damage assessments, OSFM said.

Travelers, considered a bellwether for the insurance industry due to its size, said catastrophe losses doubled in its most recent quarter and the company swung to a loss as severe wind and hailstorms in a number of regions led to rising coverage claims.

After tennis ball-sized hail fell from the sky as a part of a series of strong storms that charged through southeast Michigan late Thursday afternoon, communities most affected by the damage switched into cleanup and repair mode Friday.

An important Pfizer pharmaceutical plant in North Carolina was severely damaged on Wednesday after a powerful tornado ripped through the area, threatening production lines that normally provide huge amounts of medicine to U.S. hospitals.

Kentucky's governor declared an emergency Wednesday after heavy -- and potentially record-setting â€" rain caused widespread flooding throughout the state.