News
Property catastrophe reinsurance rates dropped up to 25% at mid-year renewals as abundant capital drove down pricing across the market.
18+ hour, 52+ min ago (572+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
California homeowners face the steepest insurance rate hikes in the nation'a 16% increase driven by wildfire damage and rising property costs.
2+ week, 4+ day ago (240+ words) California homeowners can expect the nation's steepest insurance premium hikes this year, with premiums projected to jump 16% in 2026, according to policy tracker Insurify. That's the largest increase in the country, four times the 4% hike a typical American faces. The surge…...
Erie Insurance moves up 15 positions to rank 308th on the 2026 Fortune 500 list of America's largest corporations
2+ week, 5+ day ago (263+ words) Erie Insurance climbed to 308th on the 2026 Fortune 500 list, moving up 15 spots from last year's ranking of 323rd, according to the company's official announcement. The Pennsylvania-based property and casualty insurer's advance marks its 23rd consecutive appearance on Fortune's prestigious ranking of America's largest…...
USAA returns nearly $1 billion to Florida policyholders as legal reforms help lower insurance costs
2+ week, 6+ day ago (695+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Uninsured losses from hurricanes, wildfires, and floods rose 7% last year to $424 billion, with North America bearing the heaviest burden.
3+ week, 2+ day ago (496+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Insurance premiums won't stop climbing in 2026, potential 114% jump
1+ mon, 3+ day ago (249+ words) Insurance premiums across health, home, and auto coverage are continuing their steep climb in 2026, with health insurance subsidies ending triggering a potential 114% spike for 20 million ACA enrollees and homeowners insurance rising for a fifth consecutive year. The combined pressure from…...
Allstate approved for 34% home insurance rate increase in California
1+ mon, 1+ week ago (200+ words) Building material costs have surged over the past two years, making reconstruction after fire damage increasingly expensive. Labor shortages in the construction industry have compounded these pressures, driving up claims settlement costs. For insurers like Allstate, premiums that haven't been…...
Insurance costs continue rising as 71% of US homeowners report price increases
1+ mon, 2+ week ago (244+ words) 71% of U. S. homeowners report that their home insurance costs have increased over the past few years, according to a May 2026 Pew Research Center survey of more than 1, 200 homeowners. This widespread affordability crisis reflects a five-year trend of rising premiums driven by…...
Insurance sales surge to $4. 5 B in Q1 2026, surpassing annual forecasts
1+ mon, 2+ week ago (429+ words) Insurance sales exploded through America earlier today, reaching $4. 5 billion in Q1 2026. The stunning 10% surge towers over industry forecasts, catching Wall Street completely off guard. What's driving this unprecedented demand. LIMRA's preliminary survey released May 6, 2026, revealed Q1 results that shocked analysts. New annualized…...