While increasingly hostile weather has played a role in growing annual catastrophe losses that now average $132 billion globally, it’s actually non-hazard factors such as oil prices, construction materials, and labor costs that account …
Signs show our lazy 2025 hurricane season won’t last, one in four homes in the U.S. are at risk from extreme weather, and tariffs are raising home construction prices across Florida. …
The California wildfires could negatively impact homeowners insurance rates in Florida this year, Gallagher Re warns of a “new normal” for annual insured losses from catastrophes, plus the big pushback from the insurance …
AccuWeather predicts a “Supercharged September” as we enter the peak of hurricane season, data shows huge increases in extreme hurricane rainfall that could cost hundreds of billions of dollars, the U.S. Census is out with a new …
Members of the U.S. Senate Budget Committee last week debated the root cause of the property insurance crisis affecting homeowners nationwide, with a wide range of culprits depending on who you ask. The Democrats were quick …
The U.S. Senate Budget Committee met last week to hold another hearing on how the climate is impacting insurance markets and rates (see our next newsletter story) but it missed the point by its ongoing focus, as we’ve …
Wetlands permitting authority in Florida will return to the federal government for now, new high-tech storm-resistant homes are now being built in factories in South Florida, and there’s a renewed fight in Congress on …
Earlier this month, the National Association of Insurance Commissioners (NAIC) announced a countrywide coordinated effort known as the National Climate Resiliency Strategy for Insurance to help fortify state insurance markets and streamline data …
The U.S. Senate’s Budget Committee is joining the Treasury Department’s Federal Insurance Office in demanding climate information from property insurance companies and how those companies use it to determine the cost and availability of coverage. The …
There’s another round of updated claims numbers to report from Hurricane Ian, the Florida Supreme Court decides an important statute of limitations on insurance lawsuits, plus the Federal Insurance Office weighs-in on how …
