Property and casualty insurance

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.

High winds continue to impede firefighters' progress in the Pacific Palisades and Eaton fires.

Verisk and Moody's are the first two modeling companies to submit their models to the California Department of Insurance. A Verisk executive explained the functioning of their model and what insurers' options are.

The wildfires add pressure to California's home insurance market, which has faced a growing crisis in recent years.

The top five property and casualty insurance equity deals in the third quarter of 2024 brought in more than $440 million in funding.

Ric was founded in 2023 and its first product to market will be rainfall flood, which is slated to go live in 2025.

The most destructive wind storm to strike the Los Angeles area in 14 years is fanning wildfires.

The biggest news this year includes results from state insurance commissioner races, President-elect Donald Trump's return to the White House and more.

ZestyAI research shows that 45% of properties have multiple structures, highlighting the potential for coverage gaps.

Hiscox names CTO and Liberty Mutual's new EVP and chief compliance officer, plus more career moves.

The top artificial intelligence stories of 2024 includes a conversation with Nationwide about emerging technologies.

Nationwide partners with Phyn to expand IoT programs and more insurtech news.

Liberty Mutual is working with a financial adviser on the potential disposal, which could help it raise a few hundred million dollars, the people said, asking not to be identified because the deliberations are private.

Insurance innovation insights from eight years of the Qorus-Accenture Innovation in Insurance Awards.

Digital Insurance contacted insurance professionals to comment on what they see for insurtech in 2025.

Academics with opposing views argued, in a U.S. Senate Budget Committee hearing, whether inflation and litigation, rather than climate change, are causing home insurance non-renewals and rate hikes.

One part of the plan is a voluntary public-private reinsurance mechanism that would pool private risks across the EU to help backstop weather-related losses.

Industry experts agree that the benefits of artificial intelligence are numerous, but stress that proper guidance when using the tech needs to be tantamount.