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Property and Casualty News

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The latest news, regulation and trends in property & casualty insurance.

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September 8, 2025
Image of workers working at highly technical workstations, using AI. After-bailout-and-restructuring-AIG-bets-big-on-AI.
AIG, after surviving scandal and shaking off a government takeover, is moving into what its top executive described as a “new chapter." (AI-generated image)

After bailout and restructuring, AIG bets big on AI

AIG, after surviving scandal and shaking off a government takeover, is moving into what its top executive described as a “new chapter”

August 28, 2025
Image ahows a cowboy judge lassoing a "Lawsuit" sign
A pair of leading insurers received good news and bad news from courts this week.

Court update: Allianz Life faces bevy of lawsuits over July data breach

Allianz Life Insurance Co. of North America faces several lawsuits related to a July data breach that affected 1.4 million people.

August 26, 2025
Photo of teens driving in a car. Key insights from WalletHub’s 2025 analysis on teen drivers.
Getting a driver’s license is a rite of passage in the U.S. But for many teens, it comes with serious risks.

Key insights from WalletHub’s 2025 analysis on teen drivers

Getting a driver’s license is a rite of passage in the U.S. But for many teens, it comes with serious risks.

August 26, 2025

What a tsunami teaches us about coastal insurance risk

Tsunamis bring flooding that’s outside of the coverage provided by a standard homeowners policy.

August 22, 2025
Illustration of researcher working on geoengineering, with the background showing the issues that geoengineering would address, such as climate change. Why-insurers-are-quietly-preparing-for-geoengineering-fallout.

Why insurers are quietly preparing for geoengineering fallout

Despite the speculative nature of geoengineering, it has become increasingly relevant to the insurance and reinsurance world.

August 20, 2025
Photo montage of weather disaters around the U.S. The urgent challenge of building a more resilient insurance system dominated the conversation at this year's NAIC meeting.
A collage of extreme weather events including hurricanes floods and wildfires conveying the intensity and frequency of natural disasters linked to climate change..

NAIC tackles affordability, availability in disaster-prone markets

The urgent challenge of building a more resilient insurance system dominated the conversation at this year’s NAIC meeting.

August 11, 2025
Image of a knight's shield holding forth against a wildfire. Resiliency-a-top-priority-to-curb-insurers-exit-from-risk-zones.

As insurance carriers flee high-risk areas, NAIC president sounds alarm

As extreme weather continues to the country, the insurance industry is grappling with questions of long-term sustainability.

August 6, 2025
Photo montage of natural disasters. Swiss Re: Natural disaster insurance claims soar to $80B in first half of 2025

Swiss Re: Natural disaster insurance claims soar to $80B in first half of 2025

Global insured losses from natural catastrophes hit $80 billion in the first half of 2025, nearly doubling the 10-year average.

August 5, 2025

After the storm: What to know about flood claims

Key issues to be aware of as you navigate the claims process and seek an insurance settlement for flood damage.

July 31, 2025
Image of a bright sunrise over a business district in a large city. Life-insurance-annuity-forecast-is-bright-Conning-says.

Bright outlook for agents as life, annuity sales set to climb, Conning reports

The economic forecast is for continued growth in life/annuity and property/casualty insurance premium, two Conning analysts said during a recent webinar.

Deals for insurance firms dip 8% in first half, OPTIS Partners reports

July 29, 2025

There were 319 announced insurance agency mergers and acquisitions in the first half of 2025, down 8% from 345 in…

July 15, 2025

Could the insurance industry trigger a new financial crisis?

A series of alarming reports and dire headlines have raised the specter of a new financial crisis — this time triggered not by banks or exotic securities, but by the insurance industry.

July 14, 2025

Why 2025 rate stability belongs to the well-prepared

As macro volatility, climate events and litigation risks continue to challenge pricing stability, insurers are responding with a sharper lens and rewarding the well-prepared.

July 8, 2025
Image showing a two figures looking over a spreadsheet with the letter PwC overlapping. PwC-on-midyear-MA-Consolidation-of-consolidators.

PwC on midyear M&A: ‘Consolidation of consolidators’

Sustained interest in insurance and a “unique” surge in megadeals reflect “the consolidation of consolidators,” says PwC’s Mark Friedman.

July 3, 2025

Uprooting and moving: What are the insurance implications?

Summer is traditionally moving season in the United States, and that has insurance implications both for the people uprooting their lives, and for the insurance companies serving them.

July 2, 2025
FEMA and NOAA logos with a picture of hurricane distruction. FEMA,-NOAA-budget,-staffing-cuts-put-insurance-coverage-at-risk,-experts-say.

FEMA, NOAA cuts put insurance coverage at risk, experts say

Budget cuts to government disaster-response and climate-monitoring programs have insurance leaders and others warning of grave consequences.

July 1, 2025

Commentary: State Farm wildfire claims handling sparks regulatory scrutiny

California’s recent announcement of a market conduct examination into State Farm’s handling of wildfire claims should come as no surprise to anyone paying attention to policyholder complaints in recent years.

June 19, 2025
Illustration of a car with an insurance checklist beside it as a young woman scrolls through auto insurance competitors on her phone. Despite-auto-insurers-return-to-the-black-some-customers-unhappy.

Despite auto insurers’ return to the black, some customers unhappy

America’s auto insurers have finally shifted out of the red—but are now trying to avoid losing their most valuable customers.

June 19, 2025
Image shows the State Farm logo
State Farm recently won approval for an emergency 17% rate hike in California.

‘Tough decisions’ on the way as California grapples with insurance crisis

Nearly six months after a series of devastating wildfires, California’s property insurance crisis is far from stabilized.

June 12, 2025
Illustration showing an image of a $100 bill against a backdrop of rising financial graphs. Insurers-show-strongest-financial-performance-in-a-decade.

Insurers show strongest financial performance in a decade

Publicly traded insurance companies showed strong financial performance in 2024 compared to the prior year, according to an analysis by Compensation Advisory Partners.

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