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Property Insurance News

07/11/2024 11:00 AM
Hurricane Beryl Estimated to Cause $3.3 Billion in Insured Losses Across the Americas
Hurricane Beryl is estimated to have caused $3.3 billion in insured losses, with $2.7 billion in the U.S., $510 million in the Caribbean, and $90 million in Mexico.

07/11/2024 10:45 AM
White House Elevates Infrastructure to Combat Intensifying Floods
The Biden administration finalizes a policy requiring FEMA-funded reconstruction projects to be elevated above local flood levels to mitigate damage from intensifying floods due to climate change.

07/11/2024 10:30 AM
Addressing Rising Insurance Costs Through Education and Resilience
Triple-I emphasizes the importance of consumer education and community resilience to mitigate rising insurance costs driven by inflation, litigation, and natural disasters.

07/08/2024 01:15 PM
Court Rules Tenant Can’t Claim Total Loss for Pre-Fire Improvements
A Minnesota court ruled that a cellphone repair business is not entitled to total-loss coverage for $445,000 in tenant improvements made before a fire destroyed their leased space in a commercial building.

07/08/2024 12:25 PM
Man Arrested for Roofing Scam Causing Nearly $20k in Damage
A Pennsylvania solicitor was arrested for an insurance fraud scheme that caused nearly $20k in roof damage to a homeowner’s property in 2023.

07/08/2024 12:00 PM
CoreLogic Estimates Hurricane Beryl’s Insurable Losses in Jamaica, Cayman Islands, and Mexico Under $2 Billion
CoreLogic estimates that Hurricane Beryl caused insurable losses between $400 million and $700 million in Jamaica and the Cayman Islands, with similar losses in Mexico’s Yucatan Peninsula.

07/08/2024 11:18 AM
July 4th Fireworks Ignite Wildfire in New Jersey, Burning 4,000 Acres in Wharton State Forest
A wildfire caused by July 4 fireworks has burned 4,000 acres in New Jersey’s Wharton State Forest, with containment now at 75%.

07/08/2024 09:10 AM
Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge
Hurricane Beryl made landfall in Texas, bringing 90 mph winds, torrential rain, and life-threatening storm surge, leaving one person dead and over 1.5 million without power.

07/02/2024 12:43 PM
Personal Lines Underwriting Losses Impact US Property/Casualty Insurance Sector
Significant losses in private passenger auto and homeowners segments drive continued unprofitability for the US property/casualty insurance sector.

07/02/2024 12:20 PM
Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns
Hurricane Beryl’s rapid intensification in early July breaks records and raises concerns about future storm activity due to climate change.