Fitch Ratings reports that 2024 was the second straight year of “very strong” financial results for major global P&C reinsurers, driven by strong underwriting and investment gains amid continued favorable market conditions.
Author: Maria Valdez Haubrich
State Farm Announces 27% Home Insurance Rate Increase in Illinois
Effective August 2025, State Farm will implement a significant rate increase for Illinois homeowners, raising home insurance premiums by an average of 27%.
FEMA Remains Intact as White House Shifts Toward State-Led Disaster Response
As reported in The Washington Post, the Trump administration is no longer pursuing plans to abolish the Federal Emergency Management Agency (FEMA), according to senior officials.
Insurance Rates Surge in Red Sea Following Fatal Ship Attacks
The cost of insuring commercial vessels transiting the Red Sea has more than doubled in recent days following deadly maritime attacks by Yemen’s Houthi forces, according to multiple industry sources.
California Bill Seeks Greater Transparency in Insurance Drone Imagery Use
A bill moving through the California Senate Insurance Committee aims to strengthen consumer protections related to insurance companies’ use of drone and satellite imagery to evaluate properties.
Flooding Is Not Just a Coastal Threat
Flooding is often associated with coastal or high-risk areas, but recent events continue to show it can happen virtually anywhere.
Updates to Flood Insurance Requirements and Federal Floodplain Standards
Significant changes are underway regarding flood insurance requirements across the U.S., driven by updated FEMA flood maps and new federal regulations.
Alliant Insurance Services Expands Benefits Talent with Addition of Cheryl Blake
Cheryl Blake has joined Alliant Insurance Services as Senior Vice President within its Employee Benefits Group.
U.S. Home Insurance Rates Climb Over 40% in Six Years
Homeowners across the U.S. have seen home insurance premiums rise significantly in recent years, with a LendingTree analysis of RateWatch data from S&P Global reporting a cumulative increase of 40.4% between 2019 and 2024.
Copper Prices Spike and Markets React as U.S. Announces Sweeping Tariffs Ahead of August Trade Deadline
Copper prices surged to a record high this week following President Trump’s announcement of a 50% tariff on copper imports, part of a broader strategy to pressure foreign governments into trade negotiations.