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Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.

The sector's gross written premiums have been growing by 20%-30% annually since 2020.

Estimates from the NHTSA also showed that traffic deaths of people ages 15 to 24 increased 6% in the first half of 2023 compared to the same period in 2022.

Workers' compensation and auto theft are the most common fraudulent P&C claims, says CAIF.

The average cost of insuring a U.S. home last year was $1,905 — 50% higher than 2019.

State Farm currently holds around 8.7% of all home insurance policies in California.

Policyholders can take steps to prevent their policy premiums from climbing due to preventable claims.

The climate strategy was developed under the coordination of the NAIC's Climate and Resiliency Task Force.