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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.

USG Announces Hire of Aaron Butchino in Phoenix, AZ

USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Aaron Butchino to their esteemed Brokerage Division.

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

Intensification of Nor’easters Along the U.S. East Coast

Peggy's Cove Lighthouse is inundated with surf associated with a violent Nor'Easter.

Nor’easters are getting stronger. A new long-term study by researchers at the University of Pennsylvania shows that the most intense nor’easters have increased in strength and precipitation rates over the past eight decades.

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.