2+ day, 12+ hour ago   (277+ words) California is the largest insurance market in the United States, with nearly 40 million residents and an economy that would rank among the world’s top five nations. When liability trends shift here, they affect national and global carrier portfolios immediately. The…...

2+ mon, 3+ week ago   (255+ words) Liberty Mutual Insurance and space intelligence firm ICEYE have partnered to launch a parametric wildfire insurance coverage that works with satellites. ICEYE said its satellites capture high-resolution imagery through smoke, at night, and in all weather conditions to generate uninterrupted…...

2+ mon, 5+ day ago   (269+ words) Oklahoma’s attorney general sued Allstate Corp., alleging the insurer schemed to minimize payouts to homeowners for wind and hailstorm damage in order to boost its profits. The state’s top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to…...

3+ week, 5+ day ago   (191+ words) One of the nation’s largest mortgage servicers is paying millions of dollars to settle charges it imposed insurance costs on borrowers who already had homeowners insurance policies. Forty-eight state financial agencies reached a $15.5 million settlement with NewRez LLC for improperly…...

1+ mon, 3+ week ago   (781+ words) As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear could…...

5+ mon, 3+ week ago   (399+ words) The Brookings Institution’s Hamilton Project has released a proposal for a federal reinsurance backstop called US Re to leverage federal borrowing capacity and stabilize the country’s homeowners insurance market. “Properly constructed, US Re could improve resilience while maintaining the benefits…...

7+ mon, 4+ week ago   (346+ words) Never before has the insurance industry faced such big losses tied to floods, severe thunderstorms and wildfires, according to a fresh study that links rising temperatures to increasingly dangerous weather patterns. Insured losses for so-called non-peak perils — also sometimes referred…...

1+ mon, 3+ week ago   (292+ words) After 20 years in homeowner claims, I’ve heard the same assumption so many times it’s practically folklore: older homes cost more to insure because repairs cost more. That’s not entirely wrong, but the real story is more specific — and more useful…...

7+ mon, 3+ week ago   (567+ words) Severe convective storms have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% below the 21st-century average and the lowest since 2015, said Aon’s 2026 Climate and Catastrophe Insight report....

4+ mon, 1+ week ago   (460+ words) The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance Claims…...