Declining Auto Theft in 2024 Does Not Lower Insurance Premiums
Auto theft in the U.S. drops by 17% in 2024, but auto insurance premiums continue to rise due to repair costs, inflation, and legal factors influencing the insurance market.
Auto theft in the U.S. drops by 17% in 2024, but auto insurance premiums continue to rise due to repair costs, inflation, and legal factors influencing the insurance market.
In 2024, the global ocean hull insurance market grew 3.5% in premiums to $9.67 billion, with significant exposure from an aging fleet and new risks from alternative-fuel vessels and geopolitical tensions. Asia-Pacific made up 35% of premiums.
Property catastrophe reinsurance prices expected to soften in late 2025 with stable terms and retentions. Aggregate coverage offerings remain limited amid disciplined reinsurer market strategies.
Tennessee ranks third nationwide in fatal hit-and-run crashes, underscoring the critical need for Uninsured and Underinsured Motorist coverage to address compensation gaps in auto insurance policies.
Arkansas to implement the State Captive Insurance Program (SCIP) in 2025, centralizing property and casualty insurance for schools and state-owned properties to enhance risk management and cost efficiency.
Comprehensive overview of earthquake risks, seismic hazards, and insurance implications in the U.S., focusing on risk management strategies and emergency planning in tectonically active regions.
Verisk's 2025 report shows global modeled insured catastrophe losses have increased to $152B annually, driven by frequency perils like thunderstorms and wildfires. Insurance professionals must adapt risk strategies to these evolving challenges.
Q2 earnings for leading U.S. insurance companies reveal mixed financial results amid stable market conditions and evolving underwriting and investment dynamics. Key players like Kemper, Root, Selective, Travelers, and CNA highlight trends in revenue growth, EPS performance, and stock movements.
Explore how percentage-based deductibles in homeowners insurance affect claim payouts and risk-sharing after catastrophes like hurricanes and windstorms. Understand regulatory context and market implications.
A recent swarm of small earthquakes near Lake Greenwood, South Carolina, prompts emergency officials to advise residents on earthquake insurance coverage due to the region's seismic activity and associated risks for homeowners.