Claims Decline as Replacement Costs Skyrocket in Q1 2025
In Q1 2025, U.S. and Canadian property claims hit a five-year low even as average replacement costs surged 46 percent year-over-year, led by California wildfire losses and rising reconstruction expenses.
June 19
Catastrophe
Legislation & Regulation
Property
Risk Management
Hurricane Erick Pounds Mexican Coast with Fierce Winds and Flood Threat
Upgraded to ‘extremely dangerous’ Cat 4 before landfall, Erick made shore near Punta Maldonado with 125 mph winds, heavy rain and storm surge poised to trigger floods and mudslides.
June 19
Catastrophe
Insurance Industry
Property
Risk Management
Updated Hurricane Loss Model Approved by Florida Commission
Florida’s hurricane model commission approves Karen Clark & Co.’s Version 5.0, featuring enhanced climate data, upgraded vulnerability functions, and new coverage modeling capabilities.
June 12
Catastrophe
Property
Risk Management
Technology
Florida
Court Upholds Lloyd’s Denial in Diamond Loss Case Over Inactive Security System
A New York appellate court affirms Lloyd’s denial of coverage in a diamond loss claim, emphasizing that policyholders must maintain fully operational security systems.
June 12
Insurance Industry
Litigation
Property
Risk Management
New York
AI Agents Now Handle Insurance Policies from Quote to Claim with Sure’s New Protocol
Sure introduces its Model Context Protocol, enabling AI agents to autonomously quote, bind, and service insurance policies with integrated compliance and multi-carrier support.
June 11
Auto
Insurance Industry
Property
Technology
Texas
Natural Disasters and Legal Pressures Are Driving Up Homeowners Insurance Costs Nationwide
Homeowners insurance is becoming less affordable nationwide as natural disasters, legal system strain, and rising repair costs drive premiums higher, especially in disaster-prone states.
June 11
Catastrophe
Insurance Industry
Litigation
Property
Alaska
Florida
Louisiana
Maryland
Mississippi
How the Insurance Industry Is Preparing for a Fierce 2025 Hurricane Season
After a season of compounding storms and inland flooding in 2024, the insurance industry is refining its storm strategies and readiness plans for a potentially active 2025.
June 11
Catastrophe
Education & Training
Insurance Industry
Property
Cyberattack Disrupts Operations at Whole Foods Supplier United Natural Foods
United Natural Foods, a key supplier for Whole Foods, took systems offline after unauthorized network activity, causing temporary disruptions in order fulfillment and distribution.
June 10
Insurance Industry
Property
Risk Management
Technology
Rhode Island
Homeowners Take Legal Action Against USAA and AAA Insurers Over Los Angeles Wildfire Coverage Disputes
Lawsuits filed in Los Angeles County accuse USAA and AAA-affiliated insurers of underinsuring homes damaged in the January 7 wildfires, leaving policyholders unable to rebuild.
June 9
Catastrophe
Insurance Industry
Litigation
Property
California
Scientists Chase Extreme Hailstorms Across the Plains to Uncover the Costliest Weather Threat
Researchers are diving into hailstorms across Texas, Oklahoma, and Kansas to better understand one of the U.S.’s costliest but most overlooked weather risks.
June 9
Catastrophe
Insurance Industry
Property
Risk Management
Colorado
Kansas
New Mexico
Oklahoma
Texas
Colorado Advances Wildfire Insurance with Predictive Tech Models
Starting July 2026, Colorado will let insurers use advanced risk models for wildfire coverage, aiming to price policies more accurately amid rising climate threats.
June 9
Catastrophe
Legislation & Regulation
Property
Technology
California
Colorado
How Georgia Can Tackle Rising Insurance Premiums and Loss Ratios
Georgia homeowners face surging premiums after back-to-back hurricanes. Lawmakers and insurers are exploring solutions to stabilize the market and protect consumers.
June 9
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Arkansas
Florida
Georgia
Louisiana
Severe Storms in US and Europe Trigger Massive Insured Losses
Severe storms across the US and Europe from late May to early June caused extensive hail, flood, and wind damage, with insured losses reaching into the billions.
June 9
Catastrophe
Insurance Industry
Property
Risk Management
Illinois
Iowa
Kansas
Missouri
Texas
Philadelphia Transit Lot Fire Destroys 40 Decommissioned Buses
A fire at a SEPTA bus lot in Philadelphia destroyed 40 decommissioned vehicles but caused no injuries or disruptions to commuter service, officials said.
June 9
Catastrophe
Insurance Industry
Property
Risk Management
Pennsylvania
Florida Property Insurers Return to Profit in 2024 After Eight-Year Losing Streak
Following legislative reforms and shifting market dynamics, Florida’s personal property insurers posted underwriting profits in 2024 for the first time in nearly a decade.
June 4
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
