U.S. P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red July 3, 2024 By Chad Hemenway For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion...
U.S. Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair July 2, 2024 By Leslie Kaufman This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers...
Allstate, Nationwide Post Dramatic First Quarter Homeowners Loss Ratio Drops July 1, 2024 In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below...
As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis, Survey Shows June 28, 2024 By Jahna Jacobson Homeowners are cutting back on dining out, travel, groceries and even medication to afford their soaring property insurance premiums. One...
The Problem(s) With Hail Claims – Part 2 June 28, 2024 By Bill Wilson Read the first part in this series, The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and...
Report: 1K-Plus Properties Damaged, Destroyed in New Mexico Wildfires Could Cost $370M June 27, 2024 More than 1,000 residential properties in New Mexico may have been damaged or destroyed by wildfires in New Mexico, according...
FEMA Ready for Extreme Hurricanes and Wildfires, But Money is a Concern June 25, 2024 By Rebecca Santana The head of the Homeland Security Department said that the agency tasked with responding to disasters across the country is...
Experts Answer: ‘Is’ is More Than Just a Verb in a Policy June 20, 2024 Claims Journal is launching a new feature in which we solicit questions from our claims and insurance professional readers and...
Survey: Most Homeowners Believe Their Policy Covers Floods June 20, 2024 Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding, a new survey shows. Respondents in a...
Lightning Caused $1.2B in Homeowners Claims in 2023, Says Triple-I June 19, 2024 Damage to U.S. homes due to lightning resulted in $1.2 billion in homeowners insurance claims in 2023, up 30% from...