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09/18/2024 04:05 PM
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Homeowners Insurance Costs Surge Across the U.S., Florida Takes the Lead with Soaring Rates
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Homeowners across the U.S. are facing sharp insurance premium hikes, with Florida seeing the steepest increases, fueled by hurricane risks, fraud, and lack of competition.
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09/18/2024 04:02 PM
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Parametric Insurance Protects Surf Ecosystems as Global Surfing Economy Booms
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A groundbreaking parametric insurance model is being used to safeguard surf ecosystems from environmental damage, starting in El Salvador, as part of a global effort to protect valuable natural resources.
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09/18/2024 03:57 PM
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Fed Rate Cut to Boost Insurance Portfolios, Affect Premiums and Underwriting
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The Federal Reserve’s unexpected rate cut could boost insurance portfolios, while potentially increasing premiums and altering underwriting practices across the sector.
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09/17/2024 12:01 PM
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U.S. Property and Casualty Insurers Achieve $3.8 Billion Underwriting Gain in H1 2024
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The U.S. property and casualty insurance sector posted a $3.8 billion underwriting gain in H1 2024, rebounding from a $24 billion loss last year, driven by premium growth and improved catastrophe losses.
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09/17/2024 11:15 AM
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US Property Insurance Rates Fall for the First Time Since 2017 as Insurers Return to Profitability
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Property insurance rates in the US have dropped for the first time since 2017, driven by insurers’ return to profitability following lower catastrophe-related losses and stronger market conditions.
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09/13/2024 11:30 AM
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Florida Home Inspector Accused of Reusing Photos in 200+ Insurance Inspections, Costing $88,000
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A Florida home inspector is accused of using identical stock photos in over 200 inspections, costing Citizens Property Insurance Corp. thousands in fraudulent premiums and reinspection costs.
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09/13/2024 11:15 AM
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How AI-Powered Digital Twins Are Shaping the Future of P/C Insurance
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AI-enabled digital twins are revolutionizing how property and casualty insurers assess risk and protect policyholders from climate-related damages, offering enhanced accuracy and predictive capabilities.
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09/13/2024 11:00 AM
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Investigators Sound Alarm on Fraudulent Water Damage Claims
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Insurance fraud experts warn about exaggerated or false water damage claims, often linked to home renovations and fake sewage leaks, aimed at inflating insurance payouts.
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09/13/2024 10:50 AM
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Hurricane Francine Risks $1.5 Billion in Insured Losses as it Strikes Louisiana
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Hurricane Francine made landfall in Louisiana as a Category 2 storm, with CoreLogic estimating insured losses at up to $1.5 billion, impacting residential and commercial properties across the Gulf Coast.
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09/12/2024 02:14 PM
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Louisiana Residents Begin Cleanup After Hurricane Francine’s Devastation
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Residents across southern Louisiana are starting the cleanup process following Hurricane Francine, which brought 100-mph winds, severe flooding, and widespread storm surge damage to coastal communities.
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