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1 week ago | 
propertycasualty360.com | Brittney Meredith-Miller
There were 27 recorded weather and climate disasters in 2024 that caused at least $1 billion in damage each, the NOAA reports — making it the second-highest year for billion-dollar events on record. Over the course of 2024, these disasters caused $182.7 billion in total damages across the U.S. The billion-dollar events included two winter storms/cold waves, a wildfire, a drought and heatwave, a flooding event, six tornado outbreaks, five tropical cyclones and 11 severe weather or hail events.
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1 week ago | 
propertycasualty360.com | Brittney Meredith-Miller
Chubb CEO Evan Greenberg has been appointed to President Donald Trump’s newly formed FEMA Review Council. (Credit: Joseph Zwielich/RIMS) Chubb CEO Evan Greenberg has been appointed to President Donald Trump’s newly formed FEMA Review Council.
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1 week ago | 
propertycasualty360.com | Brittney Meredith-Miller
Electrical equipment was involved in the ignition of 4% of all home fires and 6% of home fire deaths from 2019 to 2023. Your access to unlimited PropertyCasualty360 content isn’t changing.
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2 weeks ago | 
propertycasualty360.com | Brittney Meredith-Miller
The lodge was insured by Kinsale Insurance Company, and its policy included a $50,000 limit for assault and battery. (Credit: Shutterstock) In 2015, a woman was shot in the forehead during a brawl outside a Florida lodge and later died from her injuries. A decade later, a federal appeals court decided a bad faith suit against the lodge’s insurance company for how they handled the aftermath of the shooting will be tried by a jury.
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2 weeks ago | 
propertycasualty360.com | Brittney Meredith-Miller
Auto insurance customers in the United States saw a bit of auto premium relief by the end of 2024, with premium increases dropping from 13% at the start of the year to less than 2%. However, according to J.D. Power’s 2025 U.S. Insurance Shopping Study, the portion of customers actively shopping for new coverage climbed to 57% from 49% the previous year. This is the highest shopping rate J.D. Power has recorded in the 19-year history of this study.
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2 weeks ago | 
propertycasualty360.com | Brittney Meredith-Miller
Alongside its quarterly earnings report, Chubb's CEO also lamented struggles facing the insurance industry because of outside factors like governmental trade policy and tariffs. (Credit: Bo/Adobe Stock) Chubb Limited reported a significant decline in year-over-year net income for the first quarter of 2025, which the insurer says was largely fueled by catastrophic losses from the California wildfires earlier this year.
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3 weeks ago | 
propertycasualty360.com | Brittney Meredith-Miller
Uber cites California as an example of the lopsidedness of insurance laws, stating that the $1 million liability commercial auto coverage requirements for Uber and other transportation network companies (TNC) is significantly higher than the $30,000 per person coverage required for personal vehicles. (Credit: Shutterstock) Rideshare app Uber has launched an advertising campaign across several states it says have outsized auto insurance requirements for its drivers.
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3 weeks ago | 
propertycasualty360.com | Brittney Meredith-Miller
Around 66% of households in the United States own a pet — up from 56% in 1988 — and while these companions certainly contribute to the household in their own way, caring for them can get pricey. According to Forbes Advisor, the average annual cost of owning a dog is around $1,400 and the cost of owning a cat is around $1,150. However, that number can grow exponentially if a pet is in need of emergency care.
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3 weeks ago | 
propertycasualty360.com | Brittney Meredith-Miller
The suit mentions a report from the New York Times that found that many drivers are reluctant to enroll in UBI programs, however, vehicle manufacturers have found a way to work around that. (Credit: ZinetroN/Adobe Stock) Toyota, Progressive Insurance and Connected Analytic Services (CAS) are facing a class action lawsuit filed in an East Texas court alleging unauthorized collection and dissemination of drivers’ private data.
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3 weeks ago | 
propertycasualty360.com | Brittney Meredith-Miller
California’s FAIR Plan was established in 1968 as a temporary safety net for homeowners to find coverage until a traditional insurance carrier becomes available. (Credit: Lightfield Studios/Adobe Stock) A pair of antitrust lawsuits filed in Los Angeles County on April 18, accuse several major California insurance carriers of conspiring to force homeowners onto the state’s FAIR Plan.
