Published: July 16, 2024
The current insurance landscape is fraught with issues. In California alone, major insurers have ceased writing new policies in wildfire-prone regions, forcing homeowners to rely on expensive, limited-coverage state-backed plans. This trend is not unique to California, as similar scenarios are playing out in other disaster-prone areas across the United States. As natural disasters become more frequent and severe, insurers are grappling with mounting losses, leading to higher premiums or outright withdrawal from high-risk areas. This situation has left many homeowners vulnerable and underinsured, prompting a crucial question: Can homeowner’s insurance be reengineered to meet the demands of our changing world? CEO, Robert Feldman, addresses these challenges and how WOWS Insurance is the exemplary solution. Read more here!