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01/17/2025 12:55 PM
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Property & Casualty Insurance Market Sustains Underwriting Profit Growth into 2025
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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.
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01/14/2025 10:03 AM
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Most Homeowners Feel Ready for Severe Weather Despite Rising Risks
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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.
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01/14/2025 09:58 AM
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Rising Risks in Homeowners Insurance Demand Swift Action
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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.
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01/13/2025 01:45 PM
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Billions in Losses Loom for Insurers as LA Wildfires Rage
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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.
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01/13/2025 01:34 PM
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Insurers Face Major Net Losses from Los Angeles Wildfires, Highlighting Reinsurance Dynamics
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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.
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01/13/2025 01:22 PM
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Aerial Firefighting Ramps Up as California Wildfires Devastate Los Angeles
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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.
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01/08/2025 12:48 PM
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Thousands Evacuate as Wildfires Devastate Los Angeles Area
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Southern California faces extreme fire conditions fueled by hurricane-force winds, forcing mass evacuations and widespread power outages, with no immediate relief in sight.
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01/08/2025 12:46 PM
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Commercial Insurance Rates Moderate in 2024 as Catastrophe Losses Decline
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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.
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01/07/2025 11:12 AM
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How Data Innovation Is Shaping the Insurance Industry’s Response to Climate Risks
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Presenters at Triple-I’s Joint Industry Forum spotlighted how granular data, innovative insurance products, and consumer education are closing climate-related protection gaps.
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01/06/2025 12:40 PM
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Hawaii Faces Calls to End Illegal Fireworks After Deadly Explosions
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Recent tragedies highlight the dangers of illegal fireworks in Hawaii, leading officials and residents to debate stronger enforcement measures and cultural traditions.
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