The U.S. individual life insurance market marked its fourth consecutive year of record-high premium in 2024, with total new annualized premium reaching $15.9 billion — a 3% increase over the previous year, according to LIMRA’s newly released retail life insurance sales survey.
Author: Maria Valdez Haubrich
Colorado Shifts Wildfire Insurance Strategy: Homeowners to Bear the Cost
Colorado lawmakers have reshaped a key piece of wildfire insurance legislation, House Bill 1302, shifting the financial burden for reinsurance funding from utility companies to homeowners.
Tariffs Threaten to Drive Up Insurance Costs and Global Economic Tensions, Warns APCIA
As federal policymakers weigh new tariffs on imported goods, the American Property Casualty Insurance Association (APCIA) is sounding the alarm about the ripple effects across the insurance industry and global economic order.
Severe Flooding Grips the South and Midwest After Relentless Storms
As of early April, swollen rivers continue to threaten cities and towns — particularly in Kentucky, where historic crests and mass evacuations have reshaped daily life.
Home Insurance Costs Set to Surge in 2025 — Even in Traditionally “Safe” States
According to Insurify’s 2025 American Homeowner Insurance Report, home insurance rates are projected to rise significantly across the United States, with especially steep increases in states facing high climate-related risks.
Inszone Insurance Acquires Employee Benefits Advantage
Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance solutions, is excited to announce its acquisition of Employee Benefits Advantage, a highly respected employee benefits agency located in Broken Arrow, Oklahoma.
Idaho’s Wildfire Solution: How Home Hardening Could Preserve Property Insurance Access
As insurance carriers reconsider their risk exposure in fire-prone regions, the Idaho Department of Insurance is taking proactive steps to ensure residents don’t lose access to critical property coverage.
2025 Atlantic Hurricane Season: Slight Uptick in Storm Activity Expected
The 2025 Atlantic hurricane season is projected to be slightly more active than the long-term average, according to the first seasonal outlook released by Colorado State University (CSU).
Insurance Commission Promotes Gender-Specific Insurance and HMO Products in New Advisory
On March 27, 2025, the Insurance Commission (IC) of the Philippines released Advisory No. RS-2025-009, encouraging the public to consider gender-specific insurance and health maintenance organization (HMO) products.
New Report Finds Homeowners Insurance Premiums Have Risen 24% Since 2021
A new report from the Consumer Federation of America (CFA) reveals that American homeowners have seen their insurance premiums rise by an average of 24% over the past three years, outpacing the rate of inflation and adding a collective $21 billion in costs for policyholders. The report, titled Overburdened: The Dramatic Increase in Homeowners Insurance… Continue reading New Report Finds Homeowners Insurance Premiums Have Risen 24% Since 2021