Triple-I reports severe convective storms caused $51 billion in insured losses in 2025
Severe convective storms led to $51 billion in U.S insured losses during 2025—the third straight year above $50 billion—according to new findings from the Insurance Information Institute (Triple-I). Non-weather factors like demographic changes drive most loss growth while evolving mitigation strategies aim at keeping insurance accessible.
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NAIFA discusses Trump Accounts and seeks feedback from industry professionals
NAIFA is inviting feedback from industry professionals on new Trump Accounts (530A accounts). President Christopher Gandy has discussed their potential with U.S. Treasury officials as part of efforts to support American families’ financial security.
Allstate reports estimated catastrophe losses of $140 million for February 2026
Allstate announced estimated catastrophe losses of $140 million for February 2026. Total losses for January and February reached $315 million. The company provided details about how it calculates policies in force.
Colorado governor’s office announces need for tort reform to lower auto insurance premiums
The Colorado Governor’s Office has released a roadmap calling for tort reform as part of efforts to reduce high auto insurance premiums across the state.
Reciprocal insurance exchanges expanding in catastrophe-prone states
Reciprocal insurance exchanges are gaining traction as traditional insurers retreat from high-risk areas due to climate-related challenges.
Insurance Information Institute addresses deferred maintenance risks and life insurance awareness
The Insurance Information Institute posted about deferred maintenance costs for public buildings on January 16 and observed Martin Luther King Jr.
Kin reports nearly half of U.S. Homeowners consider moving over climate concerns
The inaugural Kin report reveals significant homeowner concerns regarding climate change impacts on relocation decisions and rising insurance costs.
Allstate reports $80 million in December catastrophe losses; quarterly total reaches $209 million
The Allstate Corporation reported estimated catastrophe losses of $80 million for December 2025, or $64 million after taxes.
U.S. Chamber Institute for Legal Reform: Mass arbitration harming businesses, new paper finds
A recent report by the U.S. Chamber Institute for Legal Reform and Skadden law firm discusses abusive mass arbitration practices affecting businesses nationwide.