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U.S. states are facing rapidly increasing insurance costs, driven by a surge in natural disasters, higher rebuilding expenses, and tightening conditions in global insurance and reinsurance markets. The trend is placing growing pressure on state budgets, public infrastructure projects, and taxpayer-funded insurance programs. From coastal flooding and hurricanes to wildfires and severe storms, climate-related risks … Read more

Global insured losses from natural catastrophes climbed to an estimated $107 billion in 2025, highlighting the growing financial impact of extreme weather, climate change, and urban expansion in high-risk regions. The figure marks yet another year in which insured catastrophe losses exceeded the $100 billion threshold, reinforcing concerns among insurers, reinsurers, governments, and financial markets … Read more

Global catastrophe losses have once again surpassed $100 billion, underscoring the growing financial toll of extreme weather events and natural disasters—and reinforcing the insurance industry’s expanding role in risk mitigation, resilience, and prevention. From hurricanes and wildfires to floods and severe storms, climate-driven catastrophes are occurring more frequently and with greater intensity, forcing insurers to … Read more

New York — Lemonade CEO Daniel Schreiber says a decade of heavy investment in artificial intelligence is now delivering tangible results, driving operational efficiencies, lowering costs, and reshaping how insurance is bought and managed. Speaking about the company’s recent performance and long-term strategy, Schreiber emphasized that Lemonade’s early commitment to AI and automation is beginning … Read more

As concerns grow over a potential government shutdown, many travelers assume their travel insurance policy will cover any disruptions. However, experts warn that most travel insurance plans may not protect you from cancellations, delays, or losses caused directly or indirectly by a government shutdown. Understanding what travel insurance does—and does not—cover is critical before finalizing … Read more

Australians have access to a range of private insurance products that provide additional financial protection beyond government programs like Medicare. These private insurance options span health, car, home, life, travel, and specialty cover — giving individuals flexibility to tailor coverage to their needs. 1. Private Health Insurance What It Covers Private health insurance in Australia … Read more

SACRAMENTO, Calif. — The California Legislature has approved a new law requiring lenders to pay homeowners at least 2% interest on insurance funds held in escrow after property damage, ensuring that disaster survivors receive the financial benefit of interest that insurance payouts accrue rather than letting lenders keep it. GV Wire The measure — Assembly … Read more

Chicago, IL — Gallagher, the global insurance brokerage and risk management firm, is breaking new ground this summer by recruiting professional athletes for specialized internship opportunities designed to help players prepare for life after sports while gaining real-world experience in the insurance industry. Parsers VC This innovative initiative reflects Gallagher’s broader strategy of blending corporate … Read more

Major insurance companies and global risk analysts are sounding the alarm that the accelerating pace of climate change and interconnected global threats may soon push large portions of the world into a state that is effectively “uninsurable.” This rising concern threatens not only households and businesses but also the broader financial system, property markets, and … Read more

Washington, D.C. — Homeowners affected by hurricanes, floods, wildfires, earthquakes, and other natural disasters could soon receive significant financial relief under a new Senate bill proposing six months of mortgage forbearance for disaster victims. The proposed legislation aims to protect families from foreclosure and financial hardship as they rebuild their lives following devastating natural disasters. … Read more