Rising Secondary Perils Trigger Urgent Stress Testing Needs for U.S. P&C Insurers, Says AM Best

A divorced couple tearing blue paper with the symbol of the house. Vector available.

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.

Climate-Fueled Insurance Crisis Threatens U.S. Housing and Financial Stability

Hurricane rainfall flooded road. Drowned car on city street in Florida residential area. Consequences of hurricane natural disaster.

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.