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4 days ago | 
propertycasualty360.com | Corey Dahl
SoCal Edison is the subject of several lawsuits alleging it started the Eaton fire in LA last January. (Credit: Kyle/Adobe Stock) Southern Californians can expect more power shutoffs on hot and windy days this year. Southern California Edison, the utility serving about 15 million people in the region, says more of its locations are considered high-risk fire areas this year.
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4 days ago | 
propertycasualty360.com | Corey Dahl
Travel disruptions have been on the rise this year: conflict in the Middle East, air traffic controller shortages and tech outages in the United States, extreme weather everywhere. More travelers are taking out higher-end travel insurance policies as a result, according to research from Reuters. From January to April, there were 32% more requests for travel insurance quotes compared to the same period last year, according to InsureMyTrip, an online travel insurance broker.
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1 week ago | 
propertycasualty360.com | Corey Dahl
Deaths from coal pollution declined by 97% between 1999 and 2020 thanks to environmental rules. (Credit: Nady/Adobe Stock) Plans to roll back dozens of environmental regulations could kill thousands and cost billions, according to an analysis from the Associated Press. Earlier this year, Lee Zeldin, chief of the Environmental Protection Agency, announced plans to get rid of more than 30 rules.
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1 week ago | 
propertycasualty360.com | Corey Dahl
New college graduates are facing a tough job market this year, according to data from Gusto. The average May and June hiring rate for the class of 2025 is forecast to be 4.8%, which is 16% lower than last year’s rate of 5.8%. It’s also 44% lower than the hiring rate of 8.7% just a few years ago for the class of 2022. The low rate is due to a broader slowdown in the labor market, especially for entry-level roles.
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1 week ago | 
propertycasualty360.com | Corey Dahl
Gen Z employees are less interested in traditional office jobs. (Credit: BreizhAtao/Adobe Stock) The insurance industry is facing an active talent shortage—and will need to get creative to solve it, according to panelists at Send’s Insurance Talent Crisis webinar. The U.S. Bureau of Labor Statistics estimates that the industry will have lost 400,000 employees to retirement by 2026, which is just six months from now.
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2 weeks ago | 
propertycasualty360.com | Corey Dahl
State Farm recently received approval for a 17% rate hike on homeowners policies. (Credit: Diego M. Radzinschi/ALM) The California Department of Insurance announced Thursday that it is launching a market conduct examination into State Farm and the way it has dealt with claims following the LA wildfires. The investigation will look at adjuster practices and assess State Farm’s methods for managing claims in a process that will likely take several months.
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2 weeks ago | 
propertycasualty360.com | Corey Dahl
Economic uncertainty, driven largely by President Trump’s tariffs, is likely behind the drop. (Credit: Suriya/Adobe Stock) Insurance broker M&A deals hit a four-year low in the first quarter of 2025, according to a new report from S&P Global. The first quarter saw just 101 deals, less than any quarter since 2021. That’s also down from the 125 deals logged in the first quarter of 2024, the previous low. Your access to unlimited PropertyCasualty360 content isn’t changing.
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2 weeks ago | 
propertycasualty360.com | Corey Dahl
Many organizations said they plan to increase risk management staff this year to help deal with the challenges. (Credit: KingStock/Adobe Stock) Insurance chief risk officers are increasingly concerned about cyber threats, according to the second annual EY/IIF global insurance risk management survey. Among survey respondents, 66% said cyber threats are going to require the most attention over the next 12 months, up 53% from last year.
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2 weeks ago | 
propertycasualty360.com | Corey Dahl
Protests erupted after ICE conducted several raids in the LA area over the weekend. (Credit: Diego M. Radzinschi/ALM) Anti-ICE protests that erupted in LA over the weekend caused damage to several buildings, cars and businesses — but most of the damage is likely insured. The damage follows several days of unrest as protesters and authorities clashed about immigration raids performed by ICE. Late Sunday night and early Monday morning, some businesses were vandalized and burglarized.
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2 weeks ago | 
propertycasualty360.com | Corey Dahl
Roughly 20% of Michigan drivers are uninsured, above the national average. (Credit: Vitos/Adobe Stock) A new bill in the Michigan legislature would require insurance carriers in the state to offer a 10% discount on auto insurance premiums. SB 328 mandates premium reductions of at least 10% without a reduction in benefits. The discount would apply to new policies and the first renewal of existing policies following the bill's passage.
