The impact of climate change is becoming more visible worldwide, with intensifying wildfires, severe droughts, and devastating floods affecting regions from Brazil to Southeast Asia.

Homeowners across the U.S. are facing sharp insurance premium hikes, with Florida seeing the steepest increases, fueled by hurricane risks, fraud, and lack of competition.

A groundbreaking parametric insurance model is being used to safeguard surf ecosystems from environmental damage, starting in El Salvador, as part of a global effort to protect valuable natural resources.

The Federal Reserve’s unexpected rate cut could boost insurance portfolios, while potentially increasing premiums and altering underwriting practices across the sector.

The U.S. property and casualty insurance sector posted a $3.8 billion underwriting gain in H1 2024, rebounding from a $24 billion loss last year, driven by premium growth and improved catastrophe losses.

Property insurance rates in the US have dropped for the first time since 2017, driven by insurers’ return to profitability following lower catastrophe-related losses and stronger market conditions.

A Florida home inspector is accused of using identical stock photos in over 200 inspections, costing Citizens Property Insurance Corp. thousands in fraudulent premiums and reinspection costs.

AI-enabled digital twins are revolutionizing how property and casualty insurers assess risk and protect policyholders from climate-related damages, offering enhanced accuracy and predictive capabilities.

Insurance fraud experts warn about exaggerated or false water damage claims, often linked to home renovations and fake sewage leaks, aimed at inflating insurance payouts.

Hurricane Francine made landfall in Louisiana as a Category 2 storm, with CoreLogic estimating insured losses at up to $1.5 billion, impacting residential and commercial properties across the Gulf Coast.

Residents across southern Louisiana are starting the cleanup process following Hurricane Francine, which brought 100-mph winds, severe flooding, and widespread storm surge damage to coastal communities.

As Hurricane Francine moves inland, millions from Florida to Tennessee remain under flood watch, with heavy rains and tornado warnings threatening areas across the South. Power outages and damage reports continue.

Hurricane Francine hit southern Louisiana, bringing 100-mph winds, widespread power outages, and severe storm surge damage. The storm left over 400,000 without power and caused significant flooding in multiple communities.

Hurricane Francine will make landfall in Louisiana, bringing dangerous storm surge, high winds, heavy rain, and tornado threats to the Gulf Coast and southern states. Flooding may extend as far north as the Ohio Valley later in the week.

The claims sector is crucial in transforming property insurance by adopting sustainable practices, reducing waste, and meeting new environmental regulations to protect against climate risks.