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...
Cyber Insurance Rates Fall As Businesses Improve Security, Report Says July 1, 2024 By Carolyn Cohn Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as...
The White House Wants $4B to Rebuild Key Bridge in Baltimore And Respond to Other Disasters July 1, 2024 By Seung Min Kim The White House is seeking roughly $4 billion in additional emergency funding from Congress for costs related to the collapse...
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...
Floodwaters Inundate Midwest, Where Flood Insurance is Rarely in Force June 26, 2024 By Ezra Amacher Floodwaters damaged hundreds of properties this week across parts of Nebraska, Iowa, Minnesota and South Dakota as the Midwest recovers...
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...