News
How Convective Storms Are Rewriting the Risk Landscape " and What Property Owners Can Do About It
1+ day, 8+ hour ago (1323+ words) Convective storms are no longer a "secondary peril,'" said Maurice Marvi, a property loss control expert at Munich Re Specialty " North America. The frequency and severity of these events have increased to a point where they are driving some of…...
Global Commercial Insurance Rates Fall 5% as Property Declines Offset US Casualty Pressure
5+ day, 19+ hour ago (1502+ words) Global commercial insurance rates fell 5% in the first quarter of 2026, with property rates declining 9% and casualty rates rising 3%, according to Marsh's Q1 2026 Global Insurance Market Index. The divergence between softening property markets and a stubborn U. S. casualty environment defined the quarter, as…...
Claim Volumes Fell Across Most Lines in 2025 as Wildfire Losses Hit Record Highs
1+ week, 6+ day ago (1626+ words) Overall claim volumes dropped across most major property and casualty lines in 2025, with homeowners claims falling 19% year over year and personal auto claims continuing a three-year slide, according to Verisk's 2025 Claim Search Trends Report. Commercial auto claims ran counter to…...
California Faces $36 Billion Price Tag to Build Durable Wildfire Catastrophe Fund, State Study Finds
2+ week, 22+ hour ago (525+ words) California would need approximately $36 billion to build a wildfire fund durable enough to last 20 years with a 75% probability of solvency, which is more than double the commitment made in 2025, according to a report submitted to the governor and Legislature by…...
Commercial Insurance Price Growth Continued at Slower Pace in Q4 2025
1+ mon, 2+ week ago (1107+ words) U. S. commercial insurance prices grew at a more measured rate of just under 3% in the fourth quarter of 2025 compared with the year-earlier quarter, the slowest pace in years, according to WTW's Commercial Lines Insurance Pricing Survey. WTW's CLIPS survey compares premiums…...
Homeowners Underestimate Flood Risk Despite Growing Awareness, Survey Finds
2+ mon, 3+ week ago (670+ words) Most homeowners and business owners acknowledge that flooding has intensified in recent years, yet this recognition has not translated into meaningful protective steps, including purchasing flood insurance, according to Chubb's 2026 Flood Risk and Resilience Survey. The survey of more than…...
Renewal Rates Rise Sharply in Final Quarter of 2025, Capping Year of Steady Commercial Lines Increases
3+ mon, 1+ day ago (453+ words) The best of R&I and around the web, handpicked by our editors. White papers, service directory and conferences for the R&I community. Web replica of the print magazine. Commercial property & casualty insurers closed 2025 with accelerating premium renewal rates…...