Nearly 16% of U.S. drivers in 2022 were underinsured, unable to fully cover damages or injuries caused in accidents, highlighting a significant insurance gap.
A record 1,020,729 vehicles were stolen across the U.S. in 2023, with California and the District of Columbia leading in numbers and rates, respectively.
The adjuster community on Reddit discusses the evolving landscape of independent adjusting, sharing personal experiences and perspectives on industry changes.
As homeowners grapple with a 19.8% spike in insurance rates, projections show a relentless 6% increase into 2024, heavily influenced by climate change and severe weather patterns.
In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.
Recent trends in claims litigation and social inflation are increasing insurance premiums, particularly in states like Florida and Louisiana, as legal system abuse continues to challenge the industry.
A landmark Louisiana law mandates health insurance to cover six months of smoking cessation treatments, marking a significant public health advancement.
With hurricanes becoming three times more frequent over the past century, only a handful of U.S. states are stepping up with effective risk reduction strategies.