Weather Risk

The new rule allows insurance carriers to compute rates by using catastrophe models that incorporate the growing risk of natural disasters.

Matic: Premium growth slowed significantly in the latter half of 2024.

There are bright spots for insurers as 2024 winds down despite costly catastrophes and legal-system woes.

Fire-prone zip codes in Malibu and neighboring Pacific Palisades were hit particularly hard by insurance-carrier withdrawals from the Golden State.

Strong winds have fanned the blaze, which at one point tripled in size in just an hour.

After Hurricane Katrina, many insureds battled with their carriers over whether storm surge damage was covered.