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3 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 | Kristen Smithberg
(Credit: Terrance Emerson/stock.adobe.com) Climate disasters could lead to $5.4 billion in foreclosures by 2035, up sharply from $1.2 billion this year, driven by an escalating insurance crisis and the increasing frequency and severity of events, including flooding. This is according to First Street’s 13th National Risk Assessment, which analyzes the relationship between physical climate risk and mortgage defaults.
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4 days ago | 
propertycasualty360.com | Mihir Mishra
Globally, crashes accounted for the majority of the $15 billion in aviation claims during the five year period ended 2024, according to a report by Allianz SE. (Credit: Siddharaj Solanki/Bloomberg) (Bloomberg) — Indian insurance policy sellers expect the cost of coverage for airlines to spike as much as 30% after the deadliest aviation crash in more than a decade.
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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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5 days ago | 
propertycasualty360.com | Michael Giusti
For the past few years, strong investment returns and a favorable interest rate environment helped prop up insurers’ underlying profitability. Now, lower investment returns could squeeze profitability and put more pressure on underwriting and loss ratios. (Credit: lucadp/Adobe Stock) The prospect of tariffs has left many in the insurance industry bracing for potential impact.
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5 days ago | 
propertycasualty360.com | Elana Ashanti Jefferson
The insurance conversation that once focused on “nuclear verdicts,” or verdicts and settlements that surpasses $10 million and tend to be disproportionate to the litigated issue, has now evolved into one about “thermonuclear verdicts,” or lawsuit outcomes that surpass $100 million. The slideshow above illustrates the top states for thermonuclear verdicts in 2024, according to Marathon Strategies. Your access to unlimited PropertyCasualty360 content isn’t changing.
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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 | Brittney Meredith-Miller
Insurance customer behavior is evolving across many sectors, and travel insurance is no exception. Travel insurer battleface recently analyzed U.S. single-trip travel policies from April through June 2025 and compared their findings to the year before to identify where customer behaviors are shifting. One of the most obvious changes they uncovered is an increase in the number of people purchasing travel medical coverage.
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1 week ago | 
propertycasualty360.com | Brittney Meredith-Miller
The lawsuit, led by Ireland’s AerCap and Dubai Aerospace Enterprise, was focused on 147 jets, as well as some engines, with an estimated total value around $4.7 billion. (Credit: AdobeStock) London’s high court has ruled that aircraft lessors can recover over $1 billion from insurers for jets that have been stuck in Russia since its invasion of Ukraine in 2002.
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1 week ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Several pages of the proposed “One Big Beautiful Bill Act” are devoted to deconstructing clean-energy subsidies including tax credits for electric vehicles and energy-efficient home improvements. (Credit: Vitalii Vodolazskyi/Adobe Stock) Insurance industry trade groups responded this week to various aspects of President Donald Trump’s “Big Beautiful Bill,” the proposed tax code previously passed by the U.S. House and now under consideration by the Senate.