Insurance Claims News (Page 3)

2026 P/C Market Forecast: Competition Rises, Combined Ratios Improve, AI Expands

Fitch expects broader P/C softening in 2026, while Morningstar says casualty pricing will stay out of step due to litigation and severity. Early earnings-call commentary shows carriers leaning on portfolio mix, disciplined underwriting, and AI tools to protect margins.

February 4 Auto Catastrophe Excess & Surplus Lines Insurance Industry Litigation

Deep Freeze Hits Southeast With Snowstorms, Widespread Claims, and Florida Crop Risk

A prolonged Arctic outbreak brings snow, crashes, power outages, and freeze losses across the Southeast, raising claim concerns from auto accidents to Florida citrus damage.

February 2 Auto Catastrophe Insurance Industry Property Risk Management Florida Louisiana Mississippi New Jersey North Carolina

California Climate Disclosure Laws Face First Amendment Test in Federal Appeal

Business groups argue California’s climate reporting mandates compel political speech and impose nationwide compliance burdens as the Ninth Circuit weighs constitutional limits.

February 2 Catastrophe Insurance Industry Legislation & Regulation Litigation Property California

State Farm Reports 1,200+ Claims as Winter Storm Fern Triggers Frozen Pipe and Tree Damage

Frozen pipes, downed trees, and power outages are expected to drive additional property and auto claims as extreme cold persists across the Central and Eastern US.

January 28 Auto Catastrophe Insurance Industry Property Risk Management

Cargo Theft Losses Jump 60% to $725M as Organized Crime Targets High-Value Freight

Even with little change in total incidents, organized theft rings pushed average cargo theft values sharply higher in 2025.

January 28 Fraud Insurance Industry Marine Property Risk Management

Winter Storm Fern Expected to Cause Over $100 Billion in Economic Losses

AccuWeather says snow, ice, extreme cold, and prolonged outages created widespread insured and uninsured losses across the U.S.

January 27 Catastrophe Insurance Industry Property Risk Management Underwriting

Insurance Leaders Say AI Requires Cultural Reset, Not Just New Technology

At ITC London 2026, executives said artificial intelligence is exposing weak leadership cultures and forcing insurers to rethink innovation, risk tolerance, and long-standing business models.

January 27 Education & Training Insurance Industry Risk Management Technology

Frozen Pipes Drive $628 Million in State Farm Water Damage Losses

New claims data shows freeze-related water losses remain a major severity driver, with average payments exceeding $30,000 and repairs stretching for months.

January 27 Catastrophe Insurance Industry Property Risk Management Illinois Oregon Tennessee Texas Washington

Power Outages Cause Billions in Hidden Losses That Insurance Models Miss

New research shows business interruption and system-wide losses from blackouts can dwarf insured property damage, raising questions for catastrophe modeling and resilience investment.

January 27 Catastrophe Insurance Industry Legislation & Regulation Property Risk Management

Data Center Boom Is Testing Insurance Capacity and Claims Response

As data center construction surges across the U.S., insurers and adjusters confront unprecedented aggregation of values, supply chain delays, and power-related risks that complicate coverage and claims handling.

January 27 Catastrophe Insurance Industry Property Risk Management Technology

Cyberattack Halts Property Searches, Threatening Home Sales in London Boroughs

A prolonged cyber incident at two major London councils has stalled home sales, highlighting cyber risk and operational dependency in property transactions.

January 27 Insurance Industry Legislation & Regulation Property Risk Management Technology

Catastrophe Losses Push Businesses Toward Captives as Coverage Gaps Widen

More frequent disasters are straining commercial insurance programs, forcing companies to retain more risk and explore captives to address losses that traditional policies no longer cover.

January 27 Catastrophe Insurance Industry Property Risk Management Underwriting

Florida Moves to Tighten Engineering Standards for Roof and Property Damage Claims

New draft rules would require site inspections, code citations, and weather data, raising the bar for engineering opinions used in Florida insurance disputes.

January 26 Insurance Industry Legislation & Regulation Litigation Property Risk Management Florida

Winter Storm Fern Poised to Drive Billion-Dollar Insured Losses Across 34 States

Prolonged ice, power outages, and lingering cold raise concerns over property damage, frozen pipes, and business interruption claims across much of the US.

January 26 Catastrophe Insurance Industry Property Risk Management District Of Columbia Louisiana Mississippi New York Tennessee

Excess Carrier Owes $13.8M Despite Contractor Settlement, Court Rules

The Seventh Circuit says partial causation by a contractor is enough to trigger excess coverage, even after a full settlement and release.

January 26 Insurance Industry Liability Litigation Property Risk Management Georgia Illinois Indiana Wisconsin