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05/13/2025 12:56 PM
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Insurers Scramble for Disaster Data After NOAA Halts Updates
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With NOAA’s disaster data program discontinued after 2024, insurance companies face major challenges in modeling risk, pricing policies, and ensuring climate resilience.
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05/13/2025 09:14 AM
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How Property and Casualty Insurers Can Combat Fraud with AI-Driven Multimodal Technology
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AI-powered multimodal tech is helping property and casualty insurers detect fraud more accurately across the claims cycle, potentially saving billions and lowering premium costs.
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05/13/2025 09:11 AM
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Escrow Officer Sentenced to Prison for Orchestrating $350K Title Fraud Scheme in Texas
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A McAllen, Texas escrow officer was sentenced to 24 months in prison for wire fraud after falsifying real estate documents and defrauding lenders and buyers of over $350,000.
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05/12/2025 08:04 AM
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Florida Appeals Court Backs Insurer’s Right to Enforce Repair Option in Homeowner Dispute
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A recent Florida appellate ruling reinforces insurers’ authority to enforce managed repair clauses, highlighting the importance of policy clarity in property claim disputes.
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05/09/2025 09:41 AM
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Property and Casualty Insurance Sees Best Underwriting Year Since 2013
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The U.S. property and casualty insurance industry posted a 96.5% combined ratio in 2024, driven by a sharp recovery in personal lines and improved property performance.
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05/08/2025 10:30 AM
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NOAA Ends Billion-Dollar Disaster Tracking Program Citing Budget Cuts and Staffing Issues
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NOAA will stop updating its billion-dollar weather disaster database, a move that limits public access to vital cost-tracking of extreme weather events.
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05/08/2025 09:45 AM
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Oregon’s Wildfire Certification Falls Flat Without Insurance Discounts to Drive Participation
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While Oregon launched a wildfire certification program to promote home hardening, the lack of required insurance discounts has left homeowners with little motivation to join.
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05/08/2025 09:12 AM
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Kansas Storm Claims Top $612 Million as Insurers Report Widespread Losses
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In 2024, Kansas insurers paid over $612 million for nearly 57,000 storm-related claims, with Johnson County topping the list and Greeley County seeing the least.
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05/07/2025 10:10 AM
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Why NFIP Flood Insurance Rates Still Fall Short Despite Risk Rating 2.0
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Despite modest increases and Risk Rating 2.0 reforms, NFIP flood insurance rates remain significantly below break-even levels, risking billions in future taxpayer debt.
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05/07/2025 08:36 AM
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How Insurers Can Win Back Consumer Trust in AI-Driven Claims
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As AI transforms P/C insurance, many consumers remain wary. Insurers must clearly explain how AI improves claims, pricing, and service to earn customer confidence.
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