Modern loss events increasingly trigger wind, fire, water, and liability exposures at the same time. Hurricanes combine wind and flood. Wildfires are followed by post-fire flooding and mudslides. Severe convective storms bring hail, wind, and water intrusion in a single occurrence.
According to NOAA, the U.S. has experienced hundreds of billion-dollar weather events, with both frequency and severity accelerating over the past decade. The losses are multi-peril—even when carrier operations and technology are not.
Regulators and trade organizations are now openly acknowledging a convergence.
FEMA’s Risk Rating 2.0 reflects a more granular, property-level view of risk, moving beyond traditional flood zone boundaries. And beginning in 2026, APCIA will expand the long-standing National Flood Conference to include wind and fire, formally recognizing that flood and homeowners risk can no longer be treated in isolation (listen to the APCIA’s Don Griffin discuss in Episode 13 of Solstice Innovations’ podcast, The SIP).
For homeowners carriers, this is an important signal: multi-peril alignment is becoming the industry norm, not an edge case.
Many homeowners carriers still operate flood, private flood, and homeowners on separate platforms—often with separate vendors, data models, billing systems, and claims workflows. This model results in:
In a margin-constrained environment, technology inefficiency directly impacts profitability and resilience.
Agents increasingly expect one workflow across homeowners and flood, faster quoting and endorsements, and clear billing and claims visibility. Policyholders expect consistent digital experiences, especially when a single event triggers multiple coverages.
Equinox™ by Solstice Innovations was designed specifically to support the way homeowners risk is evolving. It is a configurable, all-peril SaaS platform that enables carriers to support homeowners, private flood, and NFIP on a single system.
The future of homeowners insurance will not be organized around isolated perils. It will be organized around properties, events, and policyholders—all of which are inherently multi-peril.
If your homeowners strategy includes adding flood, reducing system complexity, or preparing for a more volatile catastrophe environment, now is the right time to evaluate whether your platform is truly multi-peril ready.
This post was written with the assistance of AI. Other sources include:
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