Less Regulated Home Insurance Booms After Hurricanes, Wildfires

For the full experience visit: The Quiet Rise of Lightly Regulated Home Insurance

The morning after Hurricane Milton made landfall in Florida in October, as millions began returning to their flooded, wind-torn homes, Terrence McLean sat thousands of miles away in the Mountain View, California office of his insurance company, sensing opportunity.

Yes, SageSure, of which he is the co-founder and chief executive, could face a spike in claims. But he predicted that new customers, abandoned by other insurers, might soon be flocking to a special product he had introduced to Florida only two years ago: Surechoice Underwriters Reciprocal Exchange, …