650,000 Residential Properties Hit by Severe Hail in Central US Storms March 20, 2024 By Ezra Amacher A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to...
California Insurer of Last Resort Is Unprepared for Big Disaster March 19, 2024 California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe...
Winning Over the Policyholder: How Claims Can Help Improve Carriers’ Relationships with Insureds March 15, 2024 By Larry Millburn Many years ago, as the holiday season wrapped our home in a festive embrace, a tranquil evening turned into a...
Louisiana Commissioner Temple Seeks $20M for Fortify Homes Program March 11, 2024 By Ezra Amacher Louisiana Insurance Commissioner Tim Temple expects lawmakers to allocate at least $20 million to the Lousiana Fortify Homes Program during...
Huge Texas Blaze Shows Power-Line Fires Are a Widespread Threat March 8, 2024 By Mark Chediak, Will Wade and David R. Baker Massive wildfires sparked by power lines used to be a California problem, one many utility executives considered safely confined to...
From Idalia to Otis: The Hurricanes That Shaped 2023 and What’s Next March 8, 2024 By Julie Serakos We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap...
Washington Commissioner Wants Insurers to Modify Claims Process for Wildfire Victims March 7, 2024 Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim...
Insurance Shopping Likely to Remain Strong in 2024, Despite Seasonal Dip in Q4 2023 March 5, 2024 Personal and auto insurance shopping is likely to increase in 2024 due to several market factors, new research shows. The...
Texas Wildfire Conditions Seen Worsening After Brief Respite February 29, 2024 By Brian K. Sullivan and Joe Carroll Dry, windy weather that’s been fanning the worst Texas wildfire in almost two decades will return later this week after...
Subterranean Termites Creating a ‘New Norm’ in Florida, Damaging Homes and Trees February 27, 2024 Some of the most insidious and damaging species of termites are spreading across Florida, causing damage to homes as swarming...