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The proposal is part of California Insurance Commissioner Ricardo Lara's goal to enact insurance reform during 2024.

The state forest service reported power lines sparked the Smokehouse Creek and Windy Deuce fires.

APCIA Vice President and Counsel James Whittle discusses why the organization has prioritized this issue.

The U.S. currently experiences the worst losses, about $97 billion annually, due to its disproportionate share of insured assets.

Insurers and their partners face challenges when it comes to integrating AI into business processes, Xceedance reports.

This year, homeowners in catastrophe-prone areas can expect rate increases of as much as 25%, Alera Group reports.

In 2023, no other asset class produced a better-performing bet for hedge funds than cat bonds.

The association will continue advocating for pre-disaster mitigation funding and offering state regulators scenario analysis resources.