Insurance company launches homeowners’ coverage in risky markets

Core Insights - Homeowners' insurance is increasingly difficult to obtain in high climate-risk states like California, Florida, and Texas, with 26.1% of U.S. homes exposed to severe climate risks valued at $12.7 trillion [1] Company Developments - Stand Insurance is expanding its homeowners' insurance coverage to Florida after launching in California in December 2024, having underwritten $1 billion in insured value in California [3][8] - Stand Insurance has closed a $35 million Series B funding round to support its expansion into Florida, backed by notable investors [5] Industry Trends - Florida has experienced 94 billion-dollar disasters since 1980, with recent catastrophic events resulting in over $1 trillion in losses [6] - The average number of catastrophic events in Florida has increased from 2.1 per year (1980-2024) to 6.8 per year (2020-2024) [8]