Maria Valdez Haubrich, Author at ProgramBusiness | Where insurance industry clicks

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.

USG Announces Hire of Andrew Fuelling in Ada, MI

USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Andrew Fuelling to their Michigan office.

Rising Home Insurance Premiums Create New Challenges for First-Time Buyers

Real estate, housing and family concept. Close up of black couple hands holding wooden house

Rising home insurance premiums are now compounding the strain for first-time buyers, creating financial pressures that in some cases are leading to missed mortgage payments.

USG Announces the Hire of Lynnette Banks in Montgomery, AL

USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Lynnette Banks to their Georgia office.

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.

Cease and Desist Orders Issued in Alleged Unauthorized Health Insurance Scheme in California

Close-up view of the California flag waving. California is a federated state of the United States located in the South West Coast

California Insurance Commissioner Ricardo Lara has issued a Cease and Desist Order against Innovative Partners, LP, for allegedly acting as an unauthorized insurance provider in the state.

Vermont Farmers Struggle With Limited Crop Insurance Options Amid Increasing Disasters

Image of Panoramic roadside view in Vermont of red barn in grassy fields surrounded by fall foliage mountains

Vermont farmers are facing growing challenges with crop insurance as unpredictable weather patterns continue to threaten agricultural operations.

AI-Driven MGA Augmented UW Launches in London to Support Smart-Follow Insurance

Augmented UW Ltd., a new artificial intelligence-driven managing general agent (MGA), has officially launched in London, focusing on the growing smart-follow insurance market.

Decades of Data Show Texas Leads Nation in Flood Deaths

Taken from Buffalo Bayou Park Houston Texas after Hurricane Beryl 2024

Texas continues to lead the nation in flood-related deaths, driven by its geography, population density, and vast size. Even before the recent Central Texas floods that claimed more than 100 lives, the state had long been the deadliest for flooding in the United States.

2024 Marks Second Straight Year of ‘Very Strong’ P&C Results for Leading Global Reinsurers

Singapore Skyscrapers, financial district

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.