Intel

Inside This Article: Weather-related losses continue to drive summer Homeowners Insurance claims as severe storms become more frequent and costly. Many homeowners remain vulnerable to flood losses because standard Homeowners Insurance policies typically exclude flooding. Liability exposures from pools, trampolines, and other summer activities can create significant financial risks for homeowners. Regular policy reviews can help homeowners identify coverage gaps and ensure protection keeps pace…

Why It Matters: Many homeowners know their home\'s market value but may not understand what it would cost to rebuild it. Knowing replacement cost estimates can help determine the amount of insurance needed to repair or rebuild a home after a covered loss. Rising construction costs, evolving building codes, and home improvements can all increase rebuilding expenses. Additionally, increased demand following a catastrophic event—such as a hurricane, flood, or wildfire—may drive costs even higher. These factors can create potential…

Flood events have surged over the past decade, putting many Residential and Commercial properties, including those outside of traditional flood zones, at risk. Parametric Flood Insurance provides data-driven, trigger-based financial protection for certain exposures, while Traditional Flood Insurance remains a foundational coverage for many property owners. Each product serves a distinct role and can be used independently or together to support a more…

Why It Matters: Many habitational losses are not driven solely by catastrophic events, but by secondary exposures that are often overlooked. These can include mechanical failures, regulatory requirements, and tenant claims over habitability. In the Habitational Insurance marketplace, overlooked coverages can significantly impact loss outcomes for property owners and managers — including the potential for substantial out-of-pocket costs even after a covered loss.…

Key Takeaways While the P&C market is softening and rates are moderating as capacity expands, underwriters remain selective, requiring well-structured submissions to secure optimal terms. Carrier capacity is strong across most lines, with specialty solutions and improved risk mitigation enhancing options for complex and hard-to-place risks. Most Commercial sectors show stable pricing, though litigation and rising loss severity continue to pressure underwriting and…

Inside This Article: Demand for luxury housing is on the rise in South Florida, where recent data shows sales of properties priced at $1 million or more grew 21% in Miami-Dade County compared to last year. Sales of “ultra-luxury” homes priced at $10 million or more are also expanding across the U.S., including outside of traditional wealth hubs like…

Inside This Article: Heavy snowfall, wind, and ice from a major Northeast blizzard in February is expected to cost up to $38 billion, including costly residential damage claims. Ice dams, roof collapse, and slippery walkways are among the risks homeowners face after severe winter storms. Damage related to blizzards is typically covered under Residential Property Insurance, though policies may…

Key Takeaways Flooding is the most common and costly natural disaster in the United States, with an estimated 83% of flood losses uninsured. Recurring NFIP disruptions create operational challenges and reinforce the need to evaluate private Flood Insurance alternatives. Private market capacity across Primary and Excess Flood Insurance has expanded, offering higher limits and greater structural flexibility. Parametric Flood solutions provide liquidity tied…

Parametric solutions are expanding how Flood risk can be structured and transferred. In this clip from our recent Flood Insurance webinar, Bessie Schwarz, Co-Founder and CEO, Floodbase, explains how data-driven triggers and event-based coverage can deliver predefined payouts following qualifying Flood events. https://vimeo.com/1164738555/237a23950b?share=copy&fl=sv&fe=ci

Capacity shifts and pricing adjustments are creating new opportunities in the Flood Insurance market. In this clip from our recent Flood Insurance webinar, Brad Turner, Vice President, National Product Manager, Flood, Burns & Wilcox, Morehead City, North Carolina, outlines where brokers and agents can find competitive terms, expanded limits, and strategic placement options for challenging Flood risks. https://vimeo.com/1164740837/3c1533818d?share=copy&fl=sv&fe=ci

Advanced modeling tools are bringing greater precision to Flood Insurance underwriting. In this clip from our recent Flood Insurance webinar, Jacob Martin, Underwriting Director, Flood, Burns & Wilcox, Charlotte, North Carolina, explains how enhanced analytics support more accurate risk selection, improved pricing, and stronger coverage solutions for complex Flood exposures. https://vimeo.com/1164742228/925f06607e?share=copy&fl=sv&fe=ci

Flooding poses a significant risk for residential and commercial properties, even outside designated flood zones. With recurring National Flood Insurance Program disruptions, private Flood Insurance solutions are more important than ever. Now available on demand, this webinar features experts from the Burns & Wilcox Flood Practice Group and Floodbase, the leading AI platform for monitoring and insuring Flood risk, as they examine Primary, Excess,…