
Homeowners Insurance Affordability Study Reveals Significant Variations Across States
A recent study by the Insurance Research Council reveals stark differences in homeowners insurance affordability across the United States.
November 14, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
New Hampshire

Adapting to Wildfire Realities: Insurance Sector’s Evolving Role in Risk Management
Wildfires continue to threaten communities, ecosystems, and economies worldwide. With the increased risk and frequency of catastrophic weather events, the continuous need to reassess and update models has challenged insurance professionals.
November 10, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Colorado
Hawaii
Oregon

Revolutionizing Water Leak Prevention: AI’s Role in Reducing Insurance Claims
WINT's innovative AI technology is transforming water leak detection and prevention, significantly reducing related insurance claims in commercial and residential properties.
November 10, 2023
Catastrophe
Property
Risk Management
Technology

2023 P&C Industry Outlook: Net Combined Ratio Hits 103.8% Amid Rising Replacement Costs and Market Challenges
The property/casualty insurance sector anticipates a challenging 2023, marked by unprofitability and rising replacement costs, despite strong premium growth.
November 10, 2023
Catastrophe
Property
Risk Management
Underwriting

What Technology Solutions Are Effective When Handling Catastrophes?
Given the concerning rise in catastrophic events, what technology solutions have been most effective in helping the industry better predict, evaluate, and/or respond to catastrophes, and how do you use them?
November 9, 2023
Catastrophe
Property
Risk Management
Technology

Digital Innovation Paves the Way for Pet Insurance Breakthrough
With pet insurance awareness low, Spot Pet Insurance has quickly become one of North America's fastest-growing pet insurers, recently exceeding $100 million in gross written premiums.
November 9, 2023
Life & Health
Property
Risk Management
Technology
Florida

North America Braces for Potential Power Outages Amid Infrastructure Woes
The North American Electric Reliability Corp (NERC) has issued a warning that over two-thirds of the U.S., collectively housing about 180 million people, are at risk.
November 9, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management

Rising Costs Prompt Homebuyers to Opt for Bare-Minimum Insurance Coverage
Homeowners are increasingly opting for the minimum required insurance coverage to mitigate rising living expenses.
November 8, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management

Florida Insurance Agent Charged in Major Fraud Case Involving Over $130K and Hurricane Ian Claims
A Palm Beach insurance agent's arrest for fraud casts a shadow on the trust placed in industry professionals.
November 8, 2023
Catastrophe
Fraud
Liability
Property
Florida

Building for the Future: Florida’s Hurricane-Resilient, Eco-Friendly Homes
Some developers are building homes with an eye toward making them more resilient to the extreme weather that`s increasing with climate change, and friendlier to the environment at the same time.
November 7, 2023
Catastrophe
Property
Risk Management
Technology
Florida

Insurtech Funding Hits Record High in Q3 with Over $1 Billion, Dominated by P&C Sector
The global insurtech sector surpassed US$1.1 billion in new funding during the third quarter of 2023. This growth represented a 19.8% increase.
November 7, 2023
Insurance Industry
Life & Health
Property
Technology
California
Massachusetts

Rising Reconstruction Costs and Climate Change Fuel Record High Natural Catastrophe Losses
It is over a decade since Verisk started producing its 'Global Modeled Catastrophe Losses Report', which, in 2023, projected a record high global modelled insured average annual loss from natural catastrophes.
November 2, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management

Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival
Severe convective storm losses-the highest in decades-significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023
Auto
Catastrophe
Legislation & Regulation
Property
Risk Management

Haunt Happily, Claim Less: APCIA’s Guidance for a Safe Halloween Celebration
As kids, parents and yard haunters fill candy bowls, finalize costumes and perfect their spooky decorations, the APCIA reminds us to take a few simple steps to keep Halloween safe and avoid auto and homeowners insurance claims.
October 31, 2023
Auto
Property

Hurricane Otis Racks Up Billions in Insured Losses, Marks Historic Financial Drain for Mexico’s Insurance Sector
Reinsurance broker Gallagher Re has said that hurricane Otis will be one of the costliest natural catastrophe events in Mexico's history, with a multi-billion-dollar insurance market loss anticipated.
October 30, 2023
Catastrophe
Insurance Industry
Property
Risk Management



