Industry News
Florida, East Coast to See Big Insured Losses From More Cat 5 Storms, Researchers Say
The just-ended 2025 Atlantic hurricane season surprised some forecasters after it produced no major storms that hit the United States. But the hurricanes that did arise, with most remaining offshore ...
Foundation Firmed: AM Best Switches View of U.S. Homeowners Insurers to Stable
Insurers of U.S. homes have improved rate adequacy and catastrophe risk management, modified coverage, and benefitted from a softening reinsurance market to earn a change in AM Best's outlook for the ...
KCC Releases Latest Version of U.S. Winter Storm Model
Catastrophe modeler Karen Clark & Company (KCC) announced the release of the KCC U.S. Winter Storm Model Version 3.0. The latest model captures two types of winter storms: extratropical cyclones ...
Litigation Finance Hits a Wall After Bets on Huge Gains Falter
Litigation finance is having a bad year. After predicting huge growth as recently as January 2024, the industry is now finding that hedge funds and other sources of capital are pulling back. The ...
How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners
As the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North ...
Insurance Customers Skeptical About AI Processes and Benefits
While insurance consumers may be warming up to artificial intelligence, 68 percent say they believe the insurance company gets most of or all the benefits of AI adoption. AI is becoming more ...
U.S. E&S Outlook No Longer Positive: AM Best
AM Best has revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced in mid-November. The change comes as rates soften and ...
Most Consumers Aware and Worried How Litigation Increases Insurance Cost
The message appears to be getting through to consumers: Excessive insurance litigation is not good for insurance costs. According to a new survey from the Independent Insurance Agents & Brokers ...