Property and casualty insurance

Though microinsurance coverage increased in the last three years, there is an 88% protection gap, according to Microinsurance Network report.

California's insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That's raising the prospect that state residents will need to pick up the bill for more funds.

Carriers and brokers setting AI policies for their operations are addressing bias, managing data and maintaining customers' trust.

Digital Insurance spoke with Jonathan Collura, president and CEO of Specialty Risk RE, about how reinsurers could stabilize the home insurance market in areas affected by natural disasters.

Ergo, the primary insurance business of Munich Re has announced the acquisition of Next Insurance for $2.6 billion.

Markel Insurance names CEO; New CEO of Manulife Asia, plus more career moves.

Increases in car prices in response to U.S. tariffs on foreign goods, potentially ranging from $3,000 to $12,000, has auto insurers ready to act. If premiums double, the increase in drivers going without insurance would force those with insurance to increase liability coverage.

Home safety and insurance interests call for cooperation with government authorities and homeowners to mitigate risks of flood damage.

The top five insurance companies had an average property-and-causalty market share of 6.61% as of December 31, 2024.

After some significant tort reform gains were made in 2023 and 2024, abolishing PIP may no longer be a pipe dream.

While the 22% average increase for homeowners insurance is provisionally approved by California's regulator, the carrier will have to get capital from its parent company to help cover its risks.

Estimates for the financial toll of the blazes range from $30 billion to as high as $250 billion, as homeowners grapple with premium hikes and non-renewals.

The scope of the disaster depends on whether it's insured losses, property damage or overall economic impact.

Fremont, a Bay Area city of 226,000, in September became the first municipality in the nation to buy its own citywide flood insurance policy.

First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames.

Climate events drive up claims and premiums, federally published data and state regulators efforts show. While some say more climate mitigation efforts are needed, insurers' efforts to write coverage are questioned.

The insurtech enables brokers, insurers and reinsurers to optimize risk workflows by digitizing risk intake.

Roles in technology, underwriting and claims are insurance's greatest need in 2025.

The report, based on home insurance price and availability data collected by the association of state regulators from private insurers last year, confirms rising costs and non-renewals, and the impact of climate change on these increases. The U.S. Treasury's insurance office stopped short of publicly releasing the data used for the report.

Insurance industry economic cycles match premium increases more than litigation judgments do, an advocate for civil justice for consumers says.