Historic Number of Tornadoes Wreak Havoc in the U.S.
2024 saw the second-highest amount of tornadoes on record and 2025 is predicted to continue above-average activity. One weekend alone in mid-May caused $9 billion-$11 billion in damage.
Commercial Property
From the Front Lines: Real Estate
“Although we may be coming out of one of the most difficult periods in insurance history, some areas might still see increasing premiums for another 12-18 months,” says independent agent Guffy Wright. “Factors like claim volume, social inflation, weather patterns and fraud will continue to play major roles.”
Reconstruction Costs Up 60% Since 2014
The significant increases were driven by inflation, labor shortages and supply-chain disruptions, according to a Verisk report.
What Is a Wind or Hail Buyback Policy?
How do you explain how a wind or hail buyback policy works? And is a deductible applied to these types of policies?
AN Radio: Controlling the Controllable with Haley Andrews
Andrews shares her journey from an internship with Nationwide to leading her family’s agency through the highs and lows of the California insurance landscape.
Up to 10 Named Storms Forecasted During ‘Supercharged September’
Following a brief lull in tropical activity in the wake of Hurricane Ernesto, the conditions are now primed for a series of back-to-back storms over the next few weeks in the Atlantic.
Reconstruction Costs Accelerated 5.2% Year-Over-Year
Both residential and commercial property saw total reconstruction costs increase from July 2023 to July 2024.
AN Radio: Preparing for the Storm and Flood Insurance Strategies
Brian Chapman, agent and owner of Chapman Insurance in Florida, sits down with Cassie Masone, vice president of flood operations at Selective Insurance.
Fannie Mae and Freddie Mac Postpone Updated Guidance for Property Insurance Coverage
The guidance was set to take effect on June 1 and would have required mortgagors to acquire replacement cost value coverage for their property, including roofs, deeming actual cash value unacceptable.
Senate Holds Hearing on Challenges in the Property Insurance Market
The hearing highlighted the recent property insurance market turmoil due to the major disasters in Florida, Georgia, the Carolinas, California, Hawaii and Vermont.
