Author: Maria Valdez Haubrich

Warburg Pincus to Acquire Majority Stake in Keystone Agency Partners, Driving Next Phase of Growth

Keystone Agency Partners (Keystone), a leading national insurance broker and agency network, has announced a transformative investment from Warburg Pincus, a global leader in private equity growth investing. Under the agreement, Warburg Pincus will acquire a majority stake in Keystone, positioning the company for its next expansion phase. Existing investor Bain Capital, which launched Keystone… Continue reading Warburg Pincus to Acquire Majority Stake in Keystone Agency Partners, Driving Next Phase of Growth

Intensification of Nor’easters Along the U.S. East Coast

Peggy's Cove Lighthouse is inundated with surf associated with a violent Nor'Easter.

Nor’easters are getting stronger. A new long-term study by researchers at the University of Pennsylvania shows that the most intense nor’easters have increased in strength and precipitation rates over the past eight decades.

U.S. Catastrophe Losses Surge, Driving Record-Low Insurance Protection Gap

3D Render of a Topographic Map of the Caribbean Sea with the clouds from September 26, 2024. Category 4 Major Hurricane Helene approaching Big Bend of Florida. The most powerful ever storm making landfall at this area devastated parts of the Southeastern United States. All source data is in the public domain. Cloud texture: Global Imagery Browse Services (GIBS) courtesy of NASA, GOES data courtesy of NOAA. https://www.earthdata.nasa.gov/eosdis/science-system-description/eosdis-components/gibs Color texture: Made with Natural Earth. http://www.naturalearthdata.com/downloads/10m-raster-data/10m-cross-blend-hypso/ Relief texture: GMTED 2010 data courtesy of USGS. URL of source image: https://topotools.cr.usgs.gov/gmted_viewer/viewer.htm Water texture: SRTM Water Body SWDB: https://dds.cr.usgs.gov/srtm/version2_1/SWBD/

Natural disaster-related underinsurance continues to challenge developing regions.

Fear of Inspections Leads Many Homeowners to Delay Insurance Claims, Survey Finds

Belmont, North Carolina, USA - June 3, 2018: Roofing contractors replace roofs on residents’ homes in Belmont, North Carolina after a hail storm moved through the area on April 15, 2018. Golfball-sized hail was wide-spread and caused much property damage–especially to roofs. Roofing contractors are working seven days a week in temperatures over 90 degrees to meet demand from homeowners. Even at this rate, it could take several years to replace all of the roofs which received damage from the storm.

A growing number of homeowners are now delaying necessary repairs and skipping insurance claims due to financial pressures and fear of triggering inspections they might not pass.