American Property Casualty Insurance Association News
Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says
The U.S. Treasury's Federal Insurance Office last week released what it called the "most comprehensive data on homeowners insurance in history." Weeks after a U.S. Senate committee released a study ...
Viewpoint: Legislative Action Is Needed Now to Reduce Wildfire Risk
Wildfires, once sporadic and isolated, have escalated into frequent and devastating events, impacting not only remote forested regions but also urban communities. This alarming trend is evident as ...
Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources
There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight has been found in individual jurisdictions that have rules to ...
Federal Reinsurance for Cats: No Thanks, APCIA Says
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers' issues with growing private reinsurance costs. But a trade group for carriers ...
Curbing Legal System Abuse Among APCIA’s 2024 Advocacy Priorities
The American Property Casualty Insurance Association (APCIA) on Thursday announced its 2024 advocacy priorities, including a focus on curbing rampant legal system abuse ...
Man-Made Crises Threaten P/C Markets, Says Joint Report From Trade Associations
Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew—a storm that upended and transformed insurance and the manner in which communities prepare for natural ...
Opinion: Insurers Already Protect Privacy Interests; Legislation Unneeded
There are many sectors of the U.S. economy that are not subject to rigorous privacy regulations. The insurance industry is not one of them. Our industry has a long history of protecting the privacy ...
Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA
A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners insurance policyholders reveals a majority of homeowners have not taken important steps to ensure ...