image credit: Adobe Stock

Extreme weather events – “insurance is having a bit of a moment”

September 25, 2023

Public interest in insurance products is increasing due to extreme weather events that have been making headlines globally, as well as news that certain insurers are pulling out of high-risk areas and others are raising rates.

“Insurance is having a bit of a moment,” said Chris Filly, vice president of marketing at FICX.

“For the average consumer that doesn’t spend all day thinking about insurance, this is becoming top of mind, and there is some concern around the level of coverage that they had, and the reliability of the insurance providers.”

Read More on Insurance Business