A new AM Best report warns that nearly half of all U.S. states have experienced record-breaking property catastrophe loss ratios, exceeding their 10-year medians by over 20 percentage points, underscoring an urgent need for insurers to reevaluate risk strategies in light of secondary perils.
Author: Maria Valdez Haubrich
Ryan Specialty Completes Acquisition of USQRisk Holdings
Ryan Specialty, a leading international specialty insurance firm, is pleased to announce it has completed the acquisition of certain assets of USQRisk Holdings, LLC.
Climate-Fueled Insurance Crisis Threatens U.S. Housing and Financial Stability
A convergence of rising insurance premiums, accelerating climate disasters, and a nationwide housing affordability crunch is creating a ripple effect that threatens to destabilize key segments of the U.S. economy.
Communities Reassess Infrastructure Plans Following FEMA Program Termination
The cancellation of FEMA’s Building Resilient Infrastructure and Communities (BRIC) program has prompted local governments across the U.S. to re-evaluate infrastructure projects designed to reduce disaster risk and improve climate resilience.
Understanding Derechos: The Powerful Straight-Line Storms That Can Rival Hurricanes
A derecho is a large, fast-moving complex of thunderstorms distinguished by straight-line winds, intense rain, and destruction that can span hundreds of miles in just a few hours.
California’s First Fire-Resistant Neighborhood Highlights the Statewide Challenge Ahead
A new housing development in Escondido, Dixon Trail, is being marketed as the first “wildfire resilient neighborhood” in the United States.
PLM Welcomes Two New Members to its Board of Directors
Pennsylvania Lumbermens Mutual Insurance Company (PLM), the largest mutual insurer dedicated to wood-related businesses, appointed two new members to its Board of Directors: Steve Sallah and Don Blackwell, CPA.
Alabama Legislature Adopts HJR220 to Stabilize Coastal Commercial Insurance Market
On April 24, 2025, the Alabama Legislature officially adopted House Joint Resolution 220 (HJR220), formally recognizing the challenges facing commercial property insurance along Alabama’s coastal regions.
Blue Shield of California Confirms Largest Health Care Data Breach of 2025
According to a recent report by TheStreet.com, Blue Shield of California has confirmed the largest health care data breach of 2025. The breach involved the unintended sharing of protected health information (PHI) due to a misconfigured implementation of Google Analytics.
Risk Strategies Releases State of the Insurance Market 2025 Outlook
Risk Strategies has officially released its much-anticipated State of the Insurance Market 2025 Outlook report, offering businesses and individuals critical insights into the evolving dynamics of the global insurance landscape.