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01/31/2025 01:05 PM
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Rising Insurance Costs Challenge Multifamily Housing Industry
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Severe storms, rising construction costs, and increased litigation are driving insurance rates higher for apartment owners, forcing them to adjust coverage, reduce claims, and rethink investment strategies.
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01/30/2025 08:39 AM
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Maryland Insurance Administration Recovers Over $33 Million for Policyholders in 2024
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The Maryland Insurance Administration recovered nearly $33.3 million in 2024 by assisting consumers with insurance disputes, fraud investigations, and regulatory enforcement efforts.
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01/29/2025 09:55 AM
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Natural Disasters Caused $368 Billion in Damage Last Year, Aon Report Reveals
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The 2025 Climate and Catastrophe Insight Report by Aon highlights how hurricanes, severe storms, and global flooding pushed disaster losses to $368 billion in 2024, exposing critical insurance gaps.
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01/27/2025 08:04 AM
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Florida’s House Bill Proposes Bold Changes to Windstorm Insurance
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Florida’s HB13 aims to expand Citizens Property Insurance to provide windstorm coverage for all homeowners, addressing gaps in the private market and enhancing hurricane resilience.
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01/24/2025 12:19 PM
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How Wildfires in California Highlight Gaps in Public Understanding of Property Insurance
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The fallout from California’s wildfires reveals a widespread lack of understanding about risk assessment, policy renewals, and the structure of insurance companies among the general public.
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01/24/2025 12:07 PM
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Does Florida’s Roof Age Rule Hinder Adoption of Hurricane-Resilient Roof Systems?
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Builders argue that Florida’s 15-year roof age rule limits the use of advanced, wind-resistant materials, as insurers remain skeptical despite their potential to reduce hurricane losses.
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01/24/2025 11:42 AM
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California Insurance Commissioner Urges Advance Payments for Wildfire Survivors
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California Insurance Commissioner Ricardo Lara is urging insurers to follow state laws requiring advance payments to wildfire survivors, aiming to accelerate recovery efforts in Los Angeles.
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01/24/2025 11:00 AM
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Cannabis Grower’s $1.3M Business Income Claim Denied After Fire Damages Crops
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A federal court ruled that a cannabis grower’s business income loss was not covered by its insurance policy after a fire damaged crops but did not halt overall operations.
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01/24/2025 09:20 AM
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California Wildfires Drive Record Insurance Losses and Policy Changes
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Moody’s projects $30 billion in insured property losses from Los Angeles County wildfires, highlighting the challenges of insuring high-risk areas and the strain on California’s FAIR plan.
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01/24/2025 08:16 AM
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Historic Snowstorm Brings Chaos to US South With Record-Breaking Cold and Snowfall
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A rare snowstorm dumped record amounts of snow across the US South, causing travel chaos, frozen pipes, and widespread disruptions in states unprepared for such severe winter weather.
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