In 2024, global insured losses from natural catastrophes are set to surpass the $100 billion mark, a trend that has persisted in recent years. This surge is largely due to secondary perils.
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Climate-Driven Hazards Pose Increasing Risk to Millions Along Southeast Atlantic Coast
A new study reveals by 2100, a sea level rise of 1 meter could impact over 14 million people and put more than $1 trillion worth of property at risk.
New Building Codes in Hawaii: Balancing Safer Buildings Against the Housing Crisis
Hawaii Governor Josh Green’s recent efforts to update building codes highlight the challenge of protecting public safety without further exacerbating an already critical shortage of affordable homes.
Survey: Over 20% of Renters Struggle to Afford Rent, Says Redfin
With rental prices skyrocketing in many parts of the country, renters are experiencing unprecedented levels of financial strain.
P&C Reinsurance Prices Expected to Decline in 2025
Heading into January 1 renewals, property and casualty (P&C) reinsurance pricing is set to decline, barring any significant catastrophic events, according to analysts at Morgan Stanley.
Cape Coral Pursues Increased FEMA Flood Insurance Discount
The City of Cape Coral recently received good news from FEMA: its 25% flood insurance discount will remain effective, providing crucial relief to thousands of property owners.
Florida Legislative Leaders Shift Focus to Insurance and Affordability
On Tuesday, Florida’s new legislative leaders, House Speaker Danny Perez and Senate President Ben Albritton, both Republicans, delivered strong messages on affordability and the behavior of insurance companies, marking a notable shift from previous GOP stances.
Northern California Gets Unprecedented Rainfall and Flooding Threats
Northern California is experiencing record-breaking rainfall due to a mighty atmospheric river, following a historically intense bomb cyclone.
First International Insurance Joins World Insurance Associates
World Insurance Associates, a Top 50 Insurance Brokerage, announced today that it acquired the business of First International Insurance — a division of First International Bank & Trust of Watford City, ND — on October 1, 2024.
Study Reveals Challenges in Auto Insurance Rate Regulation
A recent study conducted by the Insurance Research Council (IRC) has revealed that regulatory processes for approving personal auto insurance rates have become significantly more burdensome since 2010.