Joe Toppe

1 week ago | propertycasualty360.com | Joe Toppe

Credit: kokliang1981/Adobe Stock Dangerous work and rapid economic expansion in Texas contributed to a decrease in safety and the state’s top spot for deaths on job, according to a study by Everly Life. In 2024, workplace deaths in Texas reached 58 amid growing competition between the state’s massive energy, construction and logistics sectors, the data showed, while a boom in small subcontractors, many operating on thin margins, created uneven compliance with OSHA rules.

1 week ago | propertycasualty360.com | Joe Toppe

Once a stronghold for U.S. homeowners, the suburbs of American cities are now ceding ground to renters, according to a report by Point2Homes. Between 2018 and 2023, the data showed the number of renter households increased faster in the suburbs than the main city in five of the 20 largest U.S. metros, with 203 U.S. suburbs now dominated by renters due to affordability, mobility and the changing lifestyles of consumers.

1 week ago | propertycasualty360.com | Joe Toppe

Credit: Antonioguillem/Adobe Stock Some Gen Z homeowners are reducing coverages as the cost of properties and insurance policies increase. Already in 2025, the average U.S. consumer spends nearly $25,000 per year on household bills, with the median annual income for U.S. households at $80,610. Meanwhile, U.S. homeowners now pay 17.4% more for new insurance policies as factors like inflation, severe weather and reinsurance costs impact the market.

2 weeks ago | propertycasualty360.com | Joe Toppe

Credit: Din Nasahrudin/AdobeStock The insurance industry is the least likely to consider itself “advanced” in AI, according to a recent report by EPAM Systems. Despite rising AI investment across all business sectors, insurers are struggling to scale the technology, the data showed, citing data protection, security, and talent gaps as major hurdles. The insurance sector also has the highest share of beginners in AI. Your access to unlimited PropertyCasualty360 content isn’t changing.

2 weeks ago | propertycasualty360.com | Joe Toppe

Due to a higher likelihood of being involved in fatal crashes, men pay more for auto insurance than women in most U.S. states, according to a report by Zebra. For nearly every year from 1975 to 2022, the number of male crash deaths was more than twice the number of female crash deaths, the data showed, resulting in men now paying more for car insurance in 38 states. “Back in 2018, women paid an average of $10 more nationally for car insurance,” Zebra said in the study.