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Traditional Home Insurance Is Collapsing. Here’s What Could Fill the Gap

By chance, a few months before the 2019 Mississippi River flood, Wellenkamp learned about a new, little-known form of insurance that was quietly expanding in disaster-prone areas around the world—not a way to cover individual homes but a means to insure entire towns...

Coworkers helping Levant man pay for $30K procedure after insurance denies coverage

BANGOR, Maine (WABI) - A Levant man is learning the true value of kindness.Tom Curran is living with Parkinson’s disease. When he found out his insurance company wouldn’t cover a life-changing procedure, Curran was devastated.But then, his coworkers took matters into their own...

Why Consumers Don’t Buy Life Annuities And What Can Be Done About It

Senior couple embracing in front of residential homegettyAsk nearly any financial economist and they’ll tell you retirees ought to have at least some of their savings in a life annuity—a financial product that provides a steady source of guaranteed income over the buyer’s...

Florida 2026 hurricane season. How to prepare your home for hurricanes

How Florida residents can prepare for the 2026 hurricane season in St. Lucie, Martin and Indian River counties.The 2026 Atlantic hurricane season runs from June 1 to Nov. 30, and whether you're a new, longtime or lifelong Florida resident, you should know how...

How Insurance Companies Turn Their Premiums Into Billions in Profit

Berkshire Hathaway (BRKA +0.76%)(BRKB +0.55%) is one of the most recognized names on Wall Street. That notoriety is based on former CEO Warren Buffett's long history of success as an investor. However, what allowed him to invest is often overlooked. The key ingredient...