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News
Insurers must brace for US$171 billion in annual cat losses, study finds
1+ week, 6+ day ago (762+ words) The global insurance industry did not get a quiet year in 2025. It got a year without a US landfalling hurricane that still produced more than US$100 billion in insured losses, for the sixth consecutive year. The average annual loss (AAL)…...
A multi-unit building breaks every rule of home insurance, Aon broker says
2+ week, 5+ day ago (515+ words) Insuring a multi-unit residential building has almost nothing in common with insuring a single-family home beyond the fact that both involve a roof and walls, according to Peter Kennedy, managing director at Aon, who said the differences start with sheer…...
When your home becomes a rental: The insurance most owners forget to update
2+ week, 6+ day ago (976+ words) In today’s shifting housing market, homeowners who are unable to secure their desired sale price are increasingly turning their properties into rental homes rather than selling. According to Kara Ng, senior economist at Zillow, 2.3% of the homes currently listed for…...
Parametric insurance just paid out for a coral reef for the first time in the US
2+ week, 6+ day ago (202+ words) Hurricane Lala triggered a $200,000 payment on a policy built to protect a natural asset rather than a building. For an industry still selling the promise of parametric coverage, it's a rare real-world proof point. When Hurricane Lala hit the Big…...
Galen M. Hair and Insurance Claim HQ Walk Homeowners Through the Steps That Protect Their Claim After a Storm
4+ week, 2+ day ago (99+ words) Document Everything Before You Touch Anything Temporary Repairs Only and Keep Every Receipt Know Your Rights Before the Adjuster Sets the Terms “Navigating the complexities of insurance can be overwhelming, but with the right guidance, claimants can level the playing…...