Catastrophe & Restoration

The increase in severe weather events, combined with population growth and migration to high-risk locations in the U.S., will result in more claims, a higher incidence of fraud, and higher payouts for insurance companies.

A new study shows that the most preventable cause of house fires in Texas is unattended cooking.

According to a preliminary analysis by ISO's Property Claim Services (PCS) unit, insurers will dole out an estimated $11.5 billion to homeowners and businesses to cover third-quarter property losses.

The looming homeowners' insurance crisis has both the insurance industry and policyholders sending out a distress call.

After months of negotiations, the U.S. House and Senate have not yet reached a consensus regarding a flood reform package.

What had most insurers nervous, however, was whether Gustav would cause the kind of residential and commercial damage sustained when Hurricane Katrina hit almost three years ago to the day.