Judge Upholds Commissioner Lara’s Authority Over CA FAIR Plan

Sacramento California outside the capital building

Insurance Commissioner Ricardo Lara issued a statement after a judge dismissed Consumer Watchdog’s baseless claims, which threatened to disrupt California’s insurance market at a critical time when homeowners, renters, businesses, and nonprofits need greater access to coverage.

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.