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Property Insurance News

04/19/2024 10:30 AM
Adjusters Engage in Heated Debate Over Roof Matching and Replacement Claims
In a lively thread on a subreddit for adjusters, insurance professionals debated the complexities of handling roofing claims with discontinued materials, emphasizing the impact of state-specific regulations and the reality of ’matching’ in insurance repairs.

04/19/2024 10:15 AM
2024 Shows Economic Resilience Amid Lower Catastrophe Costs, Predicts Gallagher Re
The Gallagher Re report highlights Q1 2024’s below-average economic losses from natural catastrophes, totaling $43B globally, 17% below the previous decade’s Q1 average.

04/19/2024 10:00 AM
Harnessing Geospatial Technology for Enhanced Risk Assessment in the Insurance Sector
Discover how geospatial technology revolutionizes risk profiling and pricing in insurance, offering precise mapping to predict and manage risks.

04/18/2024 01:25 PM
Former Augusta National Employee Faces Charges for Stealing Masters Merchandise
An ex-employee of Augusta National Golf Club is accused of stealing millions in Masters golf merchandise over a thirteen-year period.

04/18/2024 11:00 AM
Allstate Reports Sharp Decline in Catastrophe Losses for First Quarter of 2024
Allstate estimates Q1 2024 catastrophe losses at $731 million, a substantial decrease from $1.69 billion in the same period last year.

04/17/2024 01:05 PM
Soaring Home Insurance Premiums: The Hidden Cost of Climate Change
A homeowner’s discovery: rising construction costs and increasing weather-related damages drive unprecedented hikes in home insurance premiums.

04/17/2024 10:32 AM
Rising Demand and High-Risk Trends Reshape the Construction Industry
John Posa highlights the growth in construction projects and the increasing challenges from defect claims and litigation risks.

04/16/2024 12:19 PM
Insurance Providers Drive Sustainability with Green Home Discounts and Coverage
Promoting sustainable living through insurance discounts and coverage for eco-friendly homes and technologies.

04/16/2024 09:29 AM
Unprecedented Floods of 2023 Highlight Rising Economic and Insurability Challenges in the U.S.
In 2023, the U.S. experienced several catastrophic floods, revealing critical gaps in current flood risk assessments and the growing impact of climate change.

04/15/2024 10:53 AM
Homeowners Insurance Costs Skyrocket Unnoticed by Official Inflation Figures
Homeowners insurance rates have surged by 50% since 2019, exacerbating the financial burden on homeowners, yet this rise is missing from CPI calculations.