7% of U.S. Homeowners Lack Property Insurance Due to Cost Barriers
Federal Reserve data shows 7% of U.S. homeowners are uninsured due to high property insurance costs, highlighting market and regulatory challenges.
Evolving Property Insurance Strategies Amid Increasing Catastrophic Risks
The U.S. property insurance market is adapting to rising catastrophic losses with refined underwriting, reliance on the E&S market, and enhanced risk mitigation strategies.
Evolving Property Risks and Medication Management Propel Insurance Industry Adaptation
Explore how increasing catastrophic events and complex medication risks among elderly patients are reshaping property and health insurance strategies, with insights from Nationwide and Humana.
U.S. Auto Insurance Rates Expected to Rise 7.5% in 2025
US auto insurance premiums are projected to increase 7.5% in 2025 due to claims from natural disasters, repair cost inflation, and market dynamics, with notable regional variations.
Florida SB 180 May Raise Flood Insurance Costs by Limiting Mitigation
Florida's Senate Bill 180 aims to speed hurricane recovery but may increase flood insurance costs by restricting home elevation and stricter building codes, affecting thousands of homeowners and insurance markets.
Rising Homeowners Insurance Rates Reflect Increased Tornado and Hailstorm Risks
Homeowners insurance premiums rise sharply in tornado-prone U.S. states due to increased hail damage claims and changing severe weather patterns. Insurers adjust rates and coverage amid evolving risks.
Insurance Firms Strengthen Leadership Amid Market Transformation
Key executive appointments at Everest Group, Patriot Growth, Trucordia, Mutual of America, and Roots reflect strategic leadership strengthening and AI integration in the evolving U.S. insurance market.
Q4 Surge in Patent Litigation by Non-Practicing Entities Highlights IP Risks
This Q4 report details increased patent litigation by non-practicing entities in U.S. federal courts, focusing on infringement cases in tech and retail sectors. Key insights on judicial trends, prevalent patents, and implications for insurance underwriting and risk management.
BHSI Launches Preferred Counsel Program to Enhance Securities Class Action Defense
Discover how Berkshire Hathaway Specialty Insurance's Preferred Counsel Program innovates securities class action defense with vetted law firms and financial incentives for D&O insureds.
Relation Insurance Acquires Engle and Associates to Expand Market Reach
Relation Insurance Services expands its geographic and service footprint through acquiring Engle and Associates Insurance Brokers, enhancing local expertise with national resources.