Property and casualty insurance

The top five insurance companies have an average commercial auto market share of 6.4% as of December 31, 2024.

Consumer Watchdog argues that California's insurance commissioner cannot allow the FAIR Plan homeowners insurance of last resort to pass on half a $1 billion assessment to consumers.

AB 226, a borrowing mechanism bill passed by the state assembly, allows bond issues supporting the homeowners insurer of last resort – but doesn't specify traditional financing or catastrophe bonds. Cat bonds would not have to be paid back. Also, a climate finance policy advisor said, the bill doesn't account for future disaster risks.

Homeowners who invest in wildfire mitigation measures get no guarantee of breaking even in the form of premium discounts, an insurance attorney points out.

Recent wildfire updates include the Federal Housing Authority's waiving of quality-control reviews and the upheaval of the state's commercial real estate space.

The McCarran-Ferguson Act was enacted in 1945 and regulates insurance at the state level to create a competitive market.

Jonathan Todd, partner at Benesch Law and Phil Nester, senior managing associate at Benesch Law shared responses on how current and proposed tariffs could impact the insurance industry.

The need for more granular forecasts is becoming more pressing as climate change increases the odds of extreme weather.

Carriers can reduce their development risks but should be patient and set expectations with partners, executives say.

Effective claims automation requires a cultural shift that prioritizes people, processes and strategic alignment.