A residual property insurer and regulators in two Southeastern states are emphasizing roof integrity, more signs that mitigation and prevention are increasingly recognized as ways to reduce insured losses as storms escalate in frequency and severity.
“The goal is to make the risk a better risk, so the private market may desire to write that risk,” said Gina Hardy, CEO of the North Carolina Insurance Underwriting Association, which provides residual coverage for vulnerable coastal areas in the state.
The association, also known as the Beach Plan, announced in late 2024 that it is now offering