While home insurance premiums rise across the U.S., Maine has maintained stability, experiencing a rate decrease in 2024. Geography and low disaster risk contribute to its resilience.

Oswego County officials report at least 26 roof collapses following record snowfall, prompting emergency measures and rescue efforts as structural risks continue to rise.

Severe convective storms are a major driver of rising insurance costs, with hail, tornadoes, and strong winds causing billions in property damage. Understanding storm patterns can help insurers manage risk effectively.

Angela Frase of Sterling, Ohio, has been sentenced to two years in prison for staging a hate crime and committing insurance fraud after setting multiple fires at her home.

Verisk’s latest report reveals that reconstruction costs are rising at a slower pace, approaching pre-pandemic levels. Residential and commercial costs are expected to grow modestly into mid-2025.

Higher interest rates and improved underwriting have helped the US property and casualty insurance industry recover in 2024, with continued growth and profitability expected in 2025.

The final installment of the 2024 Global InsurTech Report explores how artificial intelligence is transforming the insurance claims process, from first notice of loss to settlement, while tracking investment trends in the InsurTech sector.

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.