Florida’s insurance market is stabilizing, with reinsurance supply outpacing demand for the first time in years. However, challenges remain, particularly in the lower layers of reinsurance coverage, where costs continue to rise.

Hailstorms can cause severe property damage, but proactive steps like impact-resistant roofing, storm shutters, and tree maintenance can help reduce risk and protect your home.

FEMA now estimates NFIP losses from Hurricane Helene to be between $6.4 billion and $7.4 billion, with total claims exceeding 57,400. The agency has borrowed $2 billion to cover claims.

Pennsylvania State Police are investigating the theft of approximately 100,000 organic eggs, valued at $40,000, from a distribution trailer at Pete and Gerry’s Organics in Greencastle.

Hawaii’s Supreme Court is considering a critical insurance dispute that could determine the fate of a $4 billion settlement for victims of the devastating 2023 Maui wildfire. The case hinges on whether insurers can independently sue the defendants to recover claims they’ve paid.

Allstate anticipates recovering $900 million through its reinsurance program after estimating $2 billion in gross losses from the Los Angeles wildfires. This will result in a net loss of $1.1 billion for the insurer.

The devastating January 2025 Los Angeles wildfires could result in $95 billion to $164 billion in total losses, including $75 billion in insured claims, along with GDP declines, job losses, and rising insurance costs.

Severe storms, rising construction costs, and increased litigation are driving insurance rates higher for apartment owners, forcing them to adjust coverage, reduce claims, and rethink investment strategies.

The Maryland Insurance Administration recovered nearly $33.3 million in 2024 by assisting consumers with insurance disputes, fraud investigations, and regulatory enforcement efforts.

The 2025 Climate and Catastrophe Insight Report by Aon highlights how hurricanes, severe storms, and global flooding pushed disaster losses to $368 billion in 2024, exposing critical insurance gaps.

Florida’s HB13 aims to expand Citizens Property Insurance to provide windstorm coverage for all homeowners, addressing gaps in the private market and enhancing hurricane resilience.

The fallout from California’s wildfires reveals a widespread lack of understanding about risk assessment, policy renewals, and the structure of insurance companies among the general public.

Builders argue that Florida’s 15-year roof age rule limits the use of advanced, wind-resistant materials, as insurers remain skeptical despite their potential to reduce hurricane losses.

California Insurance Commissioner Ricardo Lara is urging insurers to follow state laws requiring advance payments to wildfire survivors, aiming to accelerate recovery efforts in Los Angeles.

A federal court ruled that a cannabis grower’s business income loss was not covered by its insurance policy after a fire damaged crops but did not halt overall operations.