The U.S. property and casualty insurance industry posted a 96.5% combined ratio in 2024, driven by a sharp recovery in personal lines and improved property performance.
NOAA will stop updating its billion-dollar weather disaster database, a move that limits public access to vital cost-tracking of extreme weather events.
While Oregon launched a wildfire certification program to promote home hardening, the lack of required insurance discounts has left homeowners with little motivation to join.
In 2024, Kansas insurers paid over $612 million for nearly 57,000 storm-related claims, with Johnson County topping the list and Greeley County seeing the least.
As AI transforms P/C insurance, many consumers remain wary. Insurers must clearly explain how AI improves claims, pricing, and service to earn customer confidence.
As the insurance industry faces a wave of retirements among claims adjusters, Agentic AI offers a scalable, efficient solution to maintain service levels and preserve expertise.
Florida’s Senate rejected a House effort to reinstate one-way attorney fees, preserving reforms that have reduced lawsuits and stabilized the state’s property insurance market.
Aaron Judge’s fraud lawsuit against a Florida interior designer reveals the importance of transparent pricing, detailed invoices, and written approvals in construction contracts.
Severe storms packing 95 mph winds swept through Western Pennsylvania, killing three people, toppling trees, and knocking out power for over 400,000 residents.
Jatinderjeet ‘Jyoti’ Sihota will serve one year in prison for orchestrating a crop insurance fraud scheme that led to over $650,000 in fraudulent payouts in California.
Global catastrophe insurance losses are projected to grow steadily, with a 1-in-10 chance of topping $300 billion in 2025, driven by climate change, urbanization, and rising exposure values.
The National Weather Service Houston/Galveston office has published the 2025 Hurricane and Severe Weather Guide, offering Southeast Texas residents crucial preparedness tips for the season ahead.
States like Maryland are preparing for a busier hurricane season with fewer FEMA resources after nationwide cuts to disaster mitigation funding and staffing.
Property and casualty insurers can leverage AI-powered multimodal fraud detection to protect their bottom lines, lower costs for policyholders, and reduce fraudulent claims.
