2025 Insights: Evolving Risk and Coverage Challenges for High-Net-Worth Insurance
Explore the 2025 PRMA survey and Liberty Mutual's approach to high-net-worth client insurance challenges, evolving cyber risks, and innovative underwriting solutions.
Florida Insurance Reforms Drive Rate Decreases and Market Stability
Florida's 2023 insurance reforms, including HB 837, have led to auto and property insurance rate decreases, increased market competition, and reduced litigation impacts, stabilizing the insurance marketplace.
Medicaid Cuts, Louisiana Insurance Strains, and Environmental Monitoring Challenges Shape U.S. Insurance Landscape
Explore the impact of Medicaid funding cuts, Louisiana's insurance market challenges, and environmental monitoring laws, alongside public program funding shifts in Colorado and housing market trends affecting U.S. insurance professionals.
North Carolina Requests 68% Increase in Dwelling Insurance Rates Over Two Years
North Carolina insurers seek a 68.3% average rise in dwelling insurance premiums across two years to address rising storm damage claims and construction cost inflation. Regulatory review underway.
California's Fire Insurance Rules Face Challenges Despite Regulatory Overhaul
California's 2023 insurance reforms aimed to secure homeowners in fire-prone areas but reveal loopholes allowing rate hikes without broad coverage. FAIR plan reliance doubles amid escalating policy nonrenewals.
Florida Tort Reform Revitalizes Property Insurance Market, Reports Gallagher Re
Gallagher Re's report details how 2022-23 Florida tort reforms have improved property insurance market stability by reducing litigation costs and enhancing insurer profitability.
U.S. E&S Insurance Market Sees Modest Property Rate Declines, Variable Casualty Pricing
Explore the U.S. Excess and Surplus (E&S) insurance market trends featuring modest property rate decreases, variable casualty pricing, and the rising use of AI-driven underwriting technology.
California Approves Wildfire Home Hardening Grants Inspired by Wind-Resistant Roof Programs
California's new legislative program offers grants to homeowners for wildfire damage prevention measures, drawing on models from Alabama and Louisiana's wind-resistant roof initiatives. The bill awaits gubernatorial approval and funding details.
Florida Approves Two New Property Insurers as Market Competition Grows
Florida approves two new property insurers, Stand Insurance Exchange and Praxis Reciprocal Exchange, expanding competition and contributing over $574M in surplus. Policy transfers from Citizens Property Insurance signal market reforms and rate stabilization in Florida's property insurance sector.
Mid-South Tornado Damage Sparks Complex Insurance Claim Dispute in Mississippi
A Mississippi homeowner's ongoing insurance claim dispute with USAA after April 2025 tornado and storm damage highlights challenges in property damage coverage and insurer responsiveness.