Property - North America
News, insights and thought leadership for re/insurance professionals with an interest in North American property.

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Wildfires: More Frequent, More Severe, More Costly

Wildfires: More Frequent, More Severe, More Costly

Wildfires are increasing in size and severity. Last year’s wildfires caused billions of dollars in damages in the U.S. alone, and extreme heat and drought have elevated wildfire risks in previously unaffected areas.
Wildfires are increasing in size and severity. Last year’s wildfires caused billions of dollars in damages in the U.S. alone, and extreme heat and drought have elevated wildfire risks in previously unaffected areas.
Article / 24 days ago
Weekly Cat Report May 20, 2022

Weekly Cat Report May 20, 2022

A long-lived derecho traversed portions of the Upper Midwest and Northern Plains on May 12, generating widespread reports of exceptional straight-line wind damage, large hail...
A long-lived derecho traversed portions of the Upper Midwest and Northern Plains on May 12, generating widespread reports of exceptional straight-line wind damage, large hail...
Report / 1 month ago
Record Rainfall Events Prompt Multi-Billion-Dollar Flood-Related Economic Toll Globally

Record Rainfall Events Prompt Multi-Billion-Dollar Flood-Related Economic Toll Globally

Aon launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during November 2021...
Aon launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during November 2021...
PR / 6 months ago

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Florida insurance regulator sets 2022 rates for Citizens Property Insurance - IB
Florida insurance regulator sets 2022 rates for Citizens Property Insurance...
Effective date for new and renewal rates is September 01, 2022...
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Florida’s Citizens Insurance Could Spend $100M on Defense Legal Fees This Year
Florida’s Citizens Insurance Could Spend $100M on Defense Legal Fees This Y...
Citizens Property Insurance Corp. could spend $100 million this year on attorneys who defend claims litig...
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Extreme Fraud and Litigation Causing Florida’s Homeowners Insurance Market’s Demise - III
Extreme Fraud and Litigation Causing Florida’s Homeowners Insurance Market’...
With its overabundance of unneeded new roofs on homes, and flashy lawyer billboards at every turn claimin...
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Florida judge finalizes settlement for victims of Surfside condo collapse - Reuters
Florida judge finalizes settlement for victims of Surfside condo collapse -...
A Florida judge approved a $1.2 billion settlement for the victims of a condominium collapse that killed ...
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Reflections on the Impacts of Rising Claim Payouts in Recent Hurricanes
Reflections on the Impacts of Rising Claim Payouts in Recent Hurricanes
As another North Atlantic hurricane season begins, I can’t help but reminisce about some of the storms th...
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Flooding and droughts forecast to cost cities $194bn annually
Flooding and droughts forecast to cost cities $194bn annually
Climate-related flooding and droughts are likely to impact millions more people and cost the world’s majo...
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Yellowstone's historic flooding is an insurance nightmare - CSIMT
Yellowstone's historic flooding is an insurance nightmare - CSIMT
In the counties most devastated by this week’s historic flooding in and around Yellowstone National Park,...
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Lightning Spark More Than $1 Billion in Homeowners Claims Over Five Years - III
Lightning Spark More Than $1 Billion in Homeowners Claims Over Five Years -...
More than $1 billion in lightning-caused U.S. homeowners insurance claims were paid out in 2021 to 60,000...
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How to Lower Home Insurance Premiums and Wildfire Risks - Bloomberg
How to Lower Home Insurance Premiums and Wildfire Risks - Bloomberg
A new standard — already being adopted by one burned-out California town — will designate homes as “wildf...
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