Property and casualty insurance

The North Carolina Rate Bureau, representing home insurers, settled for two 7.5% increases this year and next, after originally seeking a 42% rate increase. NCRB says the settlement just postpones the need for higher rates to accurately cover risks, while the insurance commissioner calls it "a big win" for homeowners.

Building meaningful relationships with carriers and stakeholders can be a challenge for insurtechs.

Private credit and insurers are expected to get even closer this year, potentially prompting regulators to inspect ties between the two and any associated risk, according to a Moody's Ratings report.

Digital Insurance gathered comments from insurance professionals about what's ahead.

The insurance market going into the Jan. 7 catastrophe already had been hit with non-renewals and cancellations -- and an overburdened state-supported insurance plan. A Morningstar analyst said the state insurance commissioner's reform strategy could have turned it around but now faces new obstacles.

A round up of announcements and actions by California Insurance Commissioner Ricardo Lara and the state's Department of Insurance to assist residents with claims and insurance-related issues.

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California.

Insights from insurance professionals on what might be ahead for the industry in 2025.

The National Flood Insurance Program has been kept alive with short-term authorizations since 2017. Flood risk data and increased use could strengthen it.

The California FAIR Plan Association, already vulnerable financially, will likely need an assessment of insurers or policyholders as a rescue measure, according to experts.