Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says January 22, 2025 By Chad Hemenway The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in...
3rd-Party Litigation Funding, Federal Regs Among Insurance Trades’ Priorities for 2025 December 27, 2024 This story has been corrected to include the correct year in the headline. Insurance trade organizations are always working for...
Viewpoint: As Insurance Losses Outpace Premiums, State Regulators Play a Critical Role November 26, 2024 By David A. Sampson Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue...
Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources October 8, 2024 By Chad Hemenway There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight...
US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021 August 29, 2024 The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for...
Analysis: Underwriting Loss Estimates Highlight Ongoing Challenges for US P/C Industry June 14, 2024 The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces...
Industry Trades Applaud New FIO-NAIC Partnership on Data Collection March 11, 2024 By Chad Hemenway The U.S. Treasury late last week backed off a plan to have the Federal Insurance Office (FIO) collect data on...
Insurers Offer Tips for Residents to Navigate Texas Wildfires February 29, 2024 The Smokehouse Creek Fire has grown to more than 1 million acres in the Texas Panhandle, making it the second-largest...
Most Homeowners Face Barriers to Improve Resiliency, Says APCIA Survey October 10, 2023 As personal property owners face issues related to rising frequency and severity of natural catastrophes, a survey has found many...
EV Industry Offers Challenges, Opportunities for Insurers October 5, 2023 A new paper by the American Property Casualty Insurance Association (APCIA) finds that the insurance industry is responding to the...