Archive

US flood market topped $4bn in 2022 as private insurance share grows

Private insurers now 32% of market as NFIP challenges continue, says the Insurance Information Institute

Allstate settles $90m fraud allegation lawsuit

Shareholders allege insurer reduced underwriting standards to increase growth

NAIC sharpens focus on insurers' economic scenario generators

US PE-insurer growth continues

NAIC identifies 137 companies making up 6.5% of total insurance assets

KCC estimates Lahaina wildfire insured losses at $3.2bn

Moody's Investors Service previously predicted at least $1bn of insured losses

NAIC plans data call to combat US insurance crisis

Severe weather events are top of mind for consumers, says the association's president

Florida's insurance reforms are helping market to grow, regulator says

OIR approves second new insurer following recent withdrawals

Insured losses from Maui wildfires to total at least $1bn

Moody's Investors Services said the losses will primarily affect P&C insurers

Zurich buys cybersecurity firm SpearTip

Guy Carpenter reveals potential property impact from Hawaiian wildfires

The wildfires have devastated the Hawaiian island of Maui and killed at least 55 people