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Property Insurance News


01/17/2025 12:55 PM
Property & Casualty Insurance Market Sustains Underwriting Profit Growth into 2025
The U.S. property and casualty insurance industry is poised for continued profitability, fueled by improving personal auto results, economic growth, and challenges in commercial lines.

01/14/2025 10:03 AM
Most Homeowners Feel Ready for Severe Weather Despite Rising Risks
A recent IRC survey reveals that while most homeowners feel prepared for severe weather, awareness of mitigation strategies, premium savings, and legal system impacts remains limited.

01/14/2025 09:58 AM
Rising Risks in Homeowners Insurance Demand Swift Action
The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.

01/13/2025 01:45 PM
Billions in Losses Loom for Insurers as LA Wildfires Rage
Moody’s projects insured losses from uncontained LA wildfires to range from $10 billion to $20 billion, impacting homeowners, commercial insurers, and the E&S market amid California’s ongoing insurance challenges.

01/13/2025 01:34 PM
Insurers Face Major Net Losses from Los Angeles Wildfires, Highlighting Reinsurance Dynamics
The Los Angeles wildfires are projected to result in $20 billion in insurance losses, prompting reinsurance recoveries for some carriers as analysts assess exposure across property and auto lines.

01/13/2025 01:22 PM
Aerial Firefighting Ramps Up as California Wildfires Devastate Los Angeles
California’s Palisades Fire has consumed thousands of acres and homes, with high winds complicating firefighting efforts. Federal aid and state resources aim to assist affected residents.

01/08/2025 12:48 PM
Thousands Evacuate as Wildfires Devastate Los Angeles Area
Southern California faces extreme fire conditions fueled by hurricane-force winds, forcing mass evacuations and widespread power outages, with no immediate relief in sight.

01/08/2025 12:46 PM
Commercial Insurance Rates Moderate in 2024 as Catastrophe Losses Decline
Commercial insurance premiums saw slower increases in 2024, averaging 3.75%, compared to 4.56% in 2023, as lower catastrophe losses drove deceleration in property rates.

01/07/2025 11:12 AM
How Data Innovation Is Shaping the Insurance Industry’s Response to Climate Risks
Presenters at Triple-I’s Joint Industry Forum spotlighted how granular data, innovative insurance products, and consumer education are closing climate-related protection gaps.

01/06/2025 12:40 PM
Hawaii Faces Calls to End Illegal Fireworks After Deadly Explosions
Recent tragedies highlight the dangers of illegal fireworks in Hawaii, leading officials and residents to debate stronger enforcement measures and cultural traditions.