
New Jersey Implements Flood Risk Disclosure Law for Real Estate Transactions
Starting March 20, New Jersey's new law mandates flood history and risk disclosures for all real estate transactions, enhancing transparency and preparedness.
March 20, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
New Jersey

How Property and Casualty Insurers Can Boost Profits with AI in 2024
As P&C insurers navigate inflation and climate challenges, strategic AI adoption, including computer vision and LLMs, offers a path to enhanced profitability.
March 19, 2024
Property
Risk Management
Technology
Underwriting

Massachusetts Beach Community Faces Setback as Storm Washes Away Newly Added Sand
A recent storm in Salisbury, Massachusetts, has undone efforts to fortify the beach, washing away $600,000 in sand, despite community-led dune replenishment initiatives.
March 15, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Massachusetts
New Jersey

Innovative Initiative Launched to Enhance Insurance Access for High-Risk Buildings
A groundbreaking facility aims to make insurance more accessible for buildings with fire safety issues, boosting market competition and support for affected properties.
March 13, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management

Navigating Insurance Challenges in California’s Shifting Landscape
California faces insurance hurdles with outdated Proposition 103, hindering actuarially sound underwriting amid escalating natural disasters.
March 8, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California

KBW’s Analysis Foresees Bright Earnings Outlook Across P&C Insurance Sub-Sectors for 2024
According to KBW, Property & Casualty insurers express optimism for 2024, driven by rate increases, moderating loss trends, and strong growth in brokerage and specialty lines.
March 7, 2024
Insurance Industry
Property
Risk Management
Florida

Texas Panhandle Wildfires Leave Uninsured Residents Facing Dire Financial Futures
Many residents of the Texas Panhandle, left uninsured, face an uphill battle in recovering from devastating wildfires, highlighting the growing insurance affordability crisis.
March 5, 2024
Catastrophe
Property
Risk Management
Texas

State Farm’s Underwriting Loss Deepens in 2023 Despite Auto Insurance Recovery
In 2023, State Farm reported a significant increase in underwriting losses, driven by property line challenges despite improvements in auto insurance results.
March 4, 2024
Auto
Catastrophe
Insurance Industry
Property

Exploring the Multifaceted World of Insurance Adjusting: Insights from Industry Veterans
Industry experts share their experiences, offering valuable insights into the daily life, challenges, and rewards of working as an insurance adjuster.
March 1, 2024
Auto
Education & Training
Property
Workers' Compensation

Sierra Nevada Braces for Historic Snowfall and High Winds This Weekend
A massive storm is set to deliver 6-10 feet of snow across the Sierra Nevada, challenging records and potentially isolating communities with blizzard conditions.
March 1, 2024
Catastrophe
Property
Risk Management
California
Oregon

Insurance Coverage Threatened by Rising Claims Costs and Legal System Abuse
Recent trends in claims litigation and social inflation are increasing insurance premiums, particularly in states like Florida and Louisiana, as legal system abuse continues to challenge the industry.
February 28, 2024
Legislation & Regulation
Litigation
Property
Risk Management
Florida
Louisiana

Atlantic Hurricane Season Predicted to be Exceptionally Severe Amid Homeowners Insurance Market Challenges
With homeowners insurance rates adjusting, the Atlantic faces a potentially severe hurricane season due to alarming El Niño and La Niña patterns.
February 27, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Berkshire Hathaway’s Insurance Sector Shines Amidst Overall Performance Caution
Warren Buffett's latest annual report for Berkshire Hathaway may have tempered expectations for the conglomerate's future "eye-popping performance," but the insurance sector, led by GEICO's remarkable turnaround, provided a glimmer of profitability and growth amidst the caution.
February 26, 2024
Insurance Industry
Property
Risk Management
Technology

Record Climate Disasters Highlight Need for Predict & Prevent Strategy in Insurance
The record-breaking climate and weather disasters of 2023 underscore the urgent need for the insurance industry to adopt a Predict & Prevent approach to mitigate financial impacts and protect policyholders.
February 26, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida

Celebrating the 2024 Power Brokers: A Deep Dive into the Prestigious Insurance Award
In its 18th year, the Power Broker contest highlights the industry's top talent, showcasing winners selected for their innovative risk solutions and service.
February 26, 2024
Insurance Industry
Property
Risk Management
Workers' Compensation



