Q3 Property Claim Severity Among Highest on Record as Volume Drops
2025 is on track to be the lowest claim volume year in recent history, yet cost management remains critical as severity trends continue to increase, according to Verisk.
Agency Operations
AM Best Revises Homeowners Insurance Market Outlook to Stable
1. The homeowners market outlook has been upgraded to stable, with AM Best citing stronger catastrophe risk management, steadier reinsurance market conditions and gradually improving pricing adequacy.
2025 Hurricane Season: Storms Steer Clear of US but Undergo ‘Rapid Intensification’
While storms may not make landfall in the U.S., they are becoming increasingly unpredictable and intensify rapidly, warns the National Oceanic and Atmospheric Administration (NOAA).
Structure Fortification: What’s in It for Property Owners?
For homeowners and business owners, updating their structures comes down to one key question: Is it worth spending the extra money to achieve enhanced building standards.
Protect Homeowners From Common Winter Claims
Winter preparedness is not optional, even in areas that don’t traditionally experience freezing weather.
Green Shield Launches Affluent Homeowners Program for Wildfire-Hit Zones
The policy offers dwelling protection for homes valued between $1 million and $6.175 million, providing wildfire-specific benefits including debris removal, landscaping restoration and mitigation support.
Severe Convective Storms Lead Concerns for Insurers
The vast majority of insurance company executives view severe convective storms (SCS) as the leading threat to their balance sheets, according to a Demex survey.
Builders Risk Insurance: 5 Coverage Gaps and Policy Misconceptions
While replacement valuation gaps are a prominent concern for builders risk clients, several other gaps and misconceptions can leave clients vulnerable to significant financial burdens.
How Economic and Climate Uncertainty Impacts the Builders Risk Market
While the builders risk insurance sector continues to remain profitable, economic and environmental uncertainties within the construction industry are forcing builders and insurers to rethink their strategies.
Fix Our Forests Act Edges Closer to Law
The “Fix Our Forests Act of 2025,” which will improve forest management, reduce wildfire risk and protect critical infrastructure, was passed out of a U.S. Senate committee.
