U.S. Private Flood Insurance Market Sees Growth but Remains Limited

Protection with rubber boots during flooding

The U.S. private flood insurance sector has expanded steadily in recent years, showing strong underwriting performance, but it still represents a relatively small portion of the overall property and casualty insurance market. According to Fitch Ratings, despite this momentum, only about 4% of U.S. homeowners currently have flood insurance coverage. Wide Gap Between Economic and… Continue reading U.S. Private Flood Insurance Market Sees Growth but Remains Limited

Natural Catastrophe and Climate Report 2025: A Picture of Global Risk Trends

3d Render View of Planet Earth, China and Surrounding Countries from Space, Textures from https://visibleearth.nasa.gov (close-up)

The Gallagher Re “Natural Catastrophe and Climate Report” reveals a complex picture of global risk trends in the first half of 2025. While the overall economic losses from natural perils hit their lowest point in more than a decade, the insured losses told a very different story.

Senators Reintroduce Flood Insurance Relief Act

Fire hydrant on street where huge amount of rain flooded a residential neighborhood.

U.S. Senators Rick Scott and Ashley Moody have reintroduced the Flood Insurance Relief Act, legislation designed to provide tax relief for Americans who purchase flood insurance.

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