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New Jersey Implements Flood Risk Disclosure Law for Real Estate Transactions

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

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

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

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

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California faces insurance hurdles with outdated Proposition 103, hindering actuarially sound underwriting amid escalating natural disasters.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

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

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

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

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

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

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

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

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

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

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
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