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Homeowners Insurance Affordability Study Reveals Significant Variations Across States

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

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

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

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?

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

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

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

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

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

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

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

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

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

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

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
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