Rebuilding After Hurricanes is Complex, Can Change Character of a Community July 18, 2024 Before Hurricane Idalia smashed into a small fishing village in northwestern Florida, Charles Long, 68, was fixing up a two-bedroom...
Vermont Seeks Federal Damage Assessment for Floods Caused by Hurricane Beryl’s Remnants July 17, 2024 By Lisa Rathke Vermont is seeking an assessment to determine whether last week’s flooding, which damaged homes, knocked down bridges and washed out...
Houston Set for Dangerous Heat as Power Outages Top 2 Million July 9, 2024 By Millie Munshi Houston is set for a dangerous bout of heat as more than 2 million homes and businesses remain without power...
State Farm Seeking Large Rate Increases in Wildfire-Prone California July 3, 2024 By Don Jergler and Chad Hemenway State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7%...
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...