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Hailstorms cause an average of more $1 billion in property damage annually. But hail claims have skyrocketed in recent years.
Tornadoes can happen at any time of the year, but peak season for these often disastrous events in the U.S. is between March and June.
Review five trends signaling fresh beginnings in the P&C sector and brighter futures.
Like the changing of a calendar year, updates to building codes and other property regulations are inevitable.
Climatologists say atmospheric rivers are becoming longer, wider and wetter. Increased flooding is the result.
Fraud adds 5%-10% to the overall amount in claims paid after a disaster, according to the National Insurance Crime Bureau.
Severe hail and thunderstorms, hurricanes and wildfires all caused widespread destruction and loss during 2023.
Tokio Marine doesn't expect the quake to cause major strains on insurance companies.
Industry experts and carrier executives share insights on the trends that will shape the 2024 home insurance market.
This storm comes just two years – almost to the day – after an EF-4 tornado swept a 165-mile path through the same region.