Offshore energy insurance premiums hit $4.8 bn as margins tighten
Global offshore energy insurance premiums reached $4.8 bn in 2025 as excess capacity, rising attritional claims and renewables pressure margins
Construction Insurance News
Stay informed with Construction Insurance News Today from Beinsure, covering rates, pricing, underwriting, claims, capacity, regulation and changing risk trends. Follow builders’ risk insurance, contractor coverage, project delays, property losses, liability exposures, surety and emerging construction risks. Get updates on insurers, brokers, developers, contractors, infrastructure projects, technology and catastrophe impacts.
Florida homeowners insurance rates fall as more insurers seek cuts
Florida homeowners insurance rates are easing as regulators approve cuts, more insurers enter the market and premiums decline across 51 counties
Louisiana invests $100 mn in fortified roofs to reduce home insurance costs
Louisiana added $20 mn in federal funding for fortified roofs, bringing 2026 investment to $100 mn across programs aimed at storm damage reduction
California sets wildfire smoke damage rules for home insurers
California approved new wildfire smoke-damage rules covering insurer testing, remediation and mortgage relief after more than 13,000 claims
David Jolly and Byron Donalds outline Florida property insurance plans
David Jolly and Byron Donalds propose different Florida property insurance reforms covering hurricane risk, Citizens, litigation and insurer transparency
Public adjuster coalition creates US professional conduct code
More than 16 public adjusters, insurance lawyers and industry professionals establish a national code of conduct for public adjusting in the US
83% of insurers back AI for repeatable work, 75% demand controls
ISG research for mea Platform finds 83% of insurers support AI handling repeatable work, while 75% demand insurance-specific or governed models
Florida hurricane losses could exceed $300 bn as coastal exposure grows
A Category 5 hurricane hitting Miami or Tampa Bay could cause insured losses above $300 bn as Florida’s population and property exposure keeps rising
Eastward tornado Alley shift raises insured loss risk in US Midwest
Record tornado activity in Illinois, Indiana and Wisconsin is increasing insured loss exposure as severe storms shift toward more populated US regions
Washington wildfire insured losses reach $600 mn
Washington wildfire insured losses have reached an estimated $600 mn, including about $535 mn from residential claims, according to state regulators
Verisk launches US data center exposure database for insurers
Verisk launched a US data center exposure database covering more than 2,500 facilities as insurers assess growing AI infrastructure concentrations
WTW sues Lockton over alleged raid on construction insurance team
WTW accused Lockton and 18 former employees of taking 13 construction insurance clients worth more than $5 mn in annual revenue
AI data center investment will top $1 trn by 2027, raising construction and insurance exposures
Allianz Commercial says AI data center investment will top $1 trn by 2027, raising construction, climate and insurance exposures
Florida home insurance rates fall in 51 counties as the hurricane season continues
Florida regulators report lower home insurance rates in 51 counties as litigation reforms, fewer Citizens policies and cheaper reinsurance ease premiums
California governor candidates focus on housing and insurance costs
California governor candidates are pitching plans on housing costs, home insurance, rebuilding, rent caps, and homelessness before the June primary
California seeks penalties from State Farm over LA wildfire insurance claims
California says State Farm violated claims-handling laws after the 2025 Los Angeles wildfires, with penalties expected in the $ mn range
Americans may overpay $150 bn a year for home insurance
Vanderbilt Policy Accelerator says US households and businesses overpay $150 bn a year for insurance and proposes federal loss-ratio rules
Missouri court backs Mount Vernon in $875,000 church fire insurance claim dispute
A Missouri federal court ruled Mount Vernon owed no more than $875,000 on a $2.5 mn church fire policy after the insured failed to support its claim under the policy terms
Minnesota home insurance premiums jumped 34% in a year
Minnesota posted the biggest rise in US homeowner insurance premiums, with costs up 34% as severe weather, repair expenses, and aging homes pushed rates higher
Texas Supreme Court allows insurer and contractor to seek recovery from subcontractor
The Texas Supreme Court ruled that a contractor and its insurer can pursue recovery from a subcontractor following a multimillion-dollar workplace injury settlement
Lilypad Insurance adopts ZestyAI roof analytics for coastal underwriting
Insurtech ZestyAI said Lilypad Insurance is implementing its Roof Age and Z-PROPERTY solutions to sharpen property risk assessment
Mosaic Insurance launches Bermuda excess casualty line as loss severity pressures rise
Mosaic Insurance added excess casualty as its eighth underwriting line, deploying up to $10 mn per risk from Bermuda amid social inflation and litigation-driven volatility
Court voids residential exclusion in New York fire excess insurance coverage case
Federal court orders excess insurer to cover Manhattan fire losses, ruling a residential exclusion created illusory coverage due to mutual mistake
Wildfire risk drives Montana insurance hikes, report outlines fixes
A Headwaters and Columbia Climate School report flags wildfire risk as an urgent driver of Montana insurance costs and maps potential market reforms
Louisiana proposes property insurance discounts for Fortified home upgrades
Louisiana insurers must offer 20-30% premium cuts for Fortified mitigation projects under new rules; regulators seek comment until Nov. 10
Jasper Wildfire insured losses reach $1.3 bn amid delayed reconstruction
Insured losses from the Jasper wildfire have reached $1.3bn, according to updated figures released by Catastrophe Indices and Quantification
Clyde & Co secures dismissal of $25 mn personal injury claim Andrew Cannestra v McLaren
Clyde & Co has successfully defended McLaren Automotive Events Limited in a $25mn personal injury claim, following a High Court ruling that offers valuable precedent for insurers
Mississippi Insurance Commissioner warns of coastal property insurance rate hike by 16%
Mississippi Insurance Commissioner Mike Chaney confirmed that coastal property insurance rates will increase by 16% starting Jan. 1, 2026
California Assembly Insurance Committee approved the California Safe Homes Act
The California Assembly Insurance Committee approved the California Safe Homes Act with a 16-0 vote. The legislation, backed by the insurance industry
JWC expanded its Black Sea Listed Area, increasing war risk exposure for ships and adding insurance costs across Ukrainian and regional routes
Cyber insurers are reviewing policy wording as autonomous AI agents create new questions over cyberattack definitions, liability and coverage triggers
US employer healthcare costs will rise 9.5% in 2027, taking average annual spending above $19,000 per employee. The forecast extends a run of healthcare cost increases approaching double digits
Contractors who use generative AI on a job may find that their liability coverage does not apply if an AI-related error contributes to a claim. Insurers are rapidly filing exclusion forms for use with the general liability