Hurricane season may still test the US power grid – 13 named Atlantic storms this season
Forecasters expect 13 named Atlantic storms, but grid damage depends on local infrastructure, access, and repair capacity, not storm count alone
Property & Casualty Insurance News
Tornado losses in Wisconsin highlight insurance gaps as storm claims surge
EF-2 tornado damage in Wisconsin underscores rising storm losses and the need for clearer homeowner coverage understanding
P&C reinsurance margins face pressure as pricing eases in 2026
Moody’s said P&C reinsurance profitability has likely peaked as pricing softens, competition spreads, and European reinsurers adjust risk appetite
US mortgage insurers posted strong 2025 underwriting results: Fitch
Fitch said US mortgage insurers delivered a 7.7% loss ratio in 2025, helped by reserve releases, stable home values, and continued high policy persistency
P&C insurers using AI outperform peers on profitability and growth
WTW survey shows North American insurers investing in AI and analytics achieve lower combined ratios and stronger premium growth
AM Best: US P&C insurance upgrades exceed downgrades in 2025
AM Best reports more upgrades than downgrades in US P&C insurance, driven by commercial lines while personal lines face pressure
California FAIR Plan expands as insurers withdraw from lower-risk neighborhoods
California’s property insurance market shows growing strain as insurers retreat from areas once considered moderate wildfire risk
German P&C and life insurance profit easing in 2026 after strong 2025 – Moody’s
Moody’s says German P&C and life insurers improved in 2025, but expects underwriting profitability to soften in 2026 as cat losses normalise
Fitch sees softer US P&C insurance pricing in 2026, reinsurer outlook weakens
Fitch Ratings expects US P&C market softening in 2026 amid pricing pressure, while global reinsurance faces weaker conditions despite strong capital levels
US P&C insurance returns peak in 2025 as growth slows into 2026
Swiss Re Institute says US P&C underwriting hit a cyclical peak in 2025, with ROE set to ease and premium growth slowing through 2026-2027
Insurtech Convr AI expands commercial P&C underwriting workbench with agentic AI
Convr AI expands its commercial P&C underwriting workbench with agentic AI, UI upgrades, and deeper ontology-driven decision support
Fitch Ratings keeps neutral view on U.S. P&C insurers into 2026
Fitch Ratings holds a neutral 2026 outlook for U.S. P&C insurers, citing solid underwriting, stable earnings, and manageable macro headwinds
AM Best keeps U.S. commercial P&C insurance outlook stable on profits, yields
AM Best holds a stable outlook for U.S. commercial P&C insurance, citing strong underwriting, solid capital, and higher investment returns amid claims pressure
NFP acquires P&C broker Hamilton Insurance to expand senior care focus
NFP, an Aon company, acquires Hamilton Insurance Agency in Virginia, adding senior housing and long-term care expertise to its P&C platform
J.P. Morgan sees softer pricing cycle for European P&C insurance in 2026
J.P. Morgan expects easing property cat reinsurance rates and weaker pricing momentum across European P&C through 2026
US P&C insurers post $35 bn underwriting gain through Q3 2025
US P&C insurers swung to a $34.9 bn underwriting gain in the first nine months of 2025 as premiums rose and catastrophe losses stayed muted
Largest Japanese P&C Insurers achieve strong results
Japanese property and casualty (P&C) insurers have reported strong financial results for the 2023 fiscal year, recovering from prior corporate scandals
Insurtech ZestyAI expands ZORRO Discover to all P&C lines in the US market
Insurtech ZestyAI pushed ZORRO Discover into every corner of the P&C sector, turning the platform into a single gateway for real-time intelligence drawn from millions of state filings
Florida bill HB 459 pushes mandatory mediation for disputed property claims
HB 459 would require mediation for disputed property insurance claims, creating faster timelines and shifting many cases to administrative hearings
U.S. insurance industry sheds 700 jobs as carriers cut roles
Insurance employment dipped by 700 jobs in September, with steep losses across life, health and P&C carriers while only TPAs added positions
US P&C insurers see upgrades rise in H1 2025, downgrades steady
AM Best reports slight increase in US P&C insurer upgrades to 18 in H1 2025, downgrades flat at 20, with personal lines hit by catastrophe losses and inflation
Texas proposes binding appraisal process for auto & property insurance disputes
Texas proposes appraisal provisions for auto and property policies, with binding awards, strict timelines, and public comments open until Oct. 6.
Global P&C insurance market remained stable, with ongoing competition in property lines
The global P&C insurance market remained stable, with ongoing competition in property lines and cautious underwriting in casualty segments
Property & casualty insurance landscape in Texas – Triple-I’s analysis
The Insurance Information Institute (Triple-I) published an analysis of the property/casualty insurance landscape in Texas, revealing a complex risk environment
Oklahoma bans assignment of benefits for property and auto insurance claims
Oklahoma Governor Kevin Stitt has signed House Bill 1084 into law, prohibiting most forms of assignment of benefits agreements under auto, residential, andl property insurance
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New US-Canada tariffs raise auto, property, trade credit and business interruption exposures as insurers assess higher repair and supply chain costs
Global reinsurance under pricing pressure in 2026, while U.S. P&C insurance stays stable despite slower growth, softer underwriting profits and earnings
US home claim severity rose 25.9% in 2025 as wildfire losses, repair inflation and peril shifts reshaped insurer loss trends
Global insurance pricing fell 6% in Q2, led by a 12% property drop, as capital, lower reinsurance costs and competition favored buyers