News
Florida approves Citizens commercial insurance clearinghouse
5+ hour, 32+ min ago (300+ words) Florida Governor Ron De Santis signed legislation creating a commercial insurance clearinghouse designed to move eligible policies from Citizens Property Insurance Corporation into the surplus lines market, according to Best Wire. The new law, previously introduced as Senate Bill 1028, allows…...
US flood insurance gap exposes households to $375 bn in losses
6+ hour, 52+ min ago (513+ words) The US faces a widening gap between rising flood risk and low flood insurance take-up, leaving households and local governments exposed to major financial losses. A new Moody's whitepaper estimates aggregated uninsured flood losses could exceed $375 bn in a 1-in…...
Alberta homeowners insurance premiums rise 392% in 20 years
1+ week, 1+ day ago (625+ words) Homeowners insurance premiums in Alberta increased nearly fivefold over 20 years, the largest rise recorded in any Canadian province, according to new Statistics Canada data. The study found that Alberta homeowners insurance premiums rose 391. 6% between December 2005 and December 2025. More recently, premiums…...
California insurance race narrows to Jane Kim and Ben Allen
1+ week, 1+ day ago (730+ words) California's next insurance commissioner is likely to continue efforts to reform the state's strained homeowners insurance market, regardless of which remaining candidate wins the race. Democrats Jane Kim and Ben Allen have advanced to the 3 November election for California insurance…...
Home insurtech Hippo places $777 mn reinsurance program for 2026
1+ week, 1+ day ago (534+ words) Hippo Holdings has completed the placement of its 2026 reinsurance program, effective 1 June 2026. The renewal marks a structural shift from program-level reinsurance placements toward a consolidated corporate-level catastrophe structure. The new structure better reflects how Hippo manages its business across a…...
Florida property insurers face 2026 hurricane test
1+ week, 3+ day ago (567+ words) Florida remains a major focus for the U. S. property insurance market as early forecasts point to a slightly below-average 2026 Atlantic hurricane season, according to a recent Fitch Ratings report. The state's exposure concentration still matters, even after stronger market conditions and…...
U. S. commercial insurance price growth slows to 2. 5%
1+ week, 3+ day ago (508+ words) U. S. commercial insurance prices increased again in the first quarter of 2026, though the pace of growth continued to slow, according to WTW's Commercial Lines Insurance Pricing Survey. The CLIPS survey compared prices charged on policies underwritten during the first quarter of…...
Allianz in talks to buy Portuguese insurer Caravela Seguros
2+ week, 6+ day ago (358+ words) Allianz has entered advanced talks to buy Caravela Seguros after submitting an offer for the Portuguese insurer, according to people familiar with the matter, according to Bloomberg. The discussions remain private, and the people requested anonymity because the information is…...
California reviews wildfire deductibles in surplus homeowners insurance policies
2+ week, 6+ day ago (1014+ words) California Insurance Commissioner Ricardo Lara will review surplus homeowners insurance policies after questions arose over wildfire deductibles in coverage sold to residents exposed to fire risk, according to the California Department of Insurance. The review follows a Washington Post inquiry…...
Colorado hail roof grants target home insurance costs
2+ week, 6+ day ago (505+ words) Colorado's SB26-155 creates a homeowner insurance enterprise to fund resilient roofs, reduce hail losses, and support competition in wildfire-prone markets. Colorado Gov. Jared Polis signed SB26-155 into law, a measure supporters say will help reduce homeowner insurance costs across the state. The…...