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Property Insurance News


06/19/2025 01:23 PM
Colorado State University Predicts Above Normal 2025 Atlantic Hurricane Season
The 2025 Atlantic hurricane season is projected to be above-average with 17 named storms, nine hurricanes and four major hurricanes, increasing landfall risks along U.S. and Caribbean coasts.

06/19/2025 10:12 AM
Florida Appeals Court Rebukes Citizens Property Insurance Over Roof Claim Denial
A Florida appeals court held that Citizens Property Insurance wrongly denied a roof damage claim and can’t invoke staged-payment rules until coverage is acknowledged, giving homeowners a second chance.

06/19/2025 09:55 AM
Nail Salon Owner Arrested on Multiple Arson and Insurance Fraud Charges
Town of Newburgh authorities and federal agents allege a local salon owner deliberately set an August 2022 fire at her own shop to collect insurance payouts amid severe financial distress.

06/19/2025 09:41 AM
Claims Decline as Replacement Costs Skyrocket in Q1 2025
In Q1 2025, U.S. and Canadian property claims hit a five-year low even as average replacement costs surged 46 percent year-over-year, led by California wildfire losses and rising reconstruction expenses.

06/19/2025 08:37 AM
Hurricane Erick Pounds Mexican Coast with Fierce Winds and Flood Threat
Upgraded to ‘extremely dangerous’ Cat 4 before landfall, Erick made shore near Punta Maldonado with 125 mph winds, heavy rain and storm surge poised to trigger floods and mudslides.

06/12/2025 10:08 AM
Updated Hurricane Loss Model Approved by Florida Commission
Florida’s hurricane model commission approves Karen Clark & Co.’s Version 5.0, featuring enhanced climate data, upgraded vulnerability functions, and new coverage modeling capabilities.

06/12/2025 09:44 AM
Court Upholds Lloyd’s Denial in Diamond Loss Case Over Inactive Security System
A New York appellate court affirms Lloyd’s denial of coverage in a diamond loss claim, emphasizing that policyholders must maintain fully operational security systems.

06/11/2025 01:56 PM
AI Agents Now Handle Insurance Policies from Quote to Claim with Sure’s New Protocol
Sure introduces its Model Context Protocol, enabling AI agents to autonomously quote, bind, and service insurance policies with integrated compliance and multi-carrier support.

06/11/2025 01:51 PM
Natural Disasters and Legal Pressures Are Driving Up Homeowners Insurance Costs Nationwide
Homeowners insurance is becoming less affordable nationwide as natural disasters, legal system strain, and rising repair costs drive premiums higher, especially in disaster-prone states.

06/11/2025 01:49 PM
How the Insurance Industry Is Preparing for a Fierce 2025 Hurricane Season
After a season of compounding storms and inland flooding in 2024, the insurance industry is refining its storm strategies and readiness plans for a potentially active 2025.