Chester County News and Community Website
MALVERN, PA — Louisiana property and casualty insurance rates declined across all lines in 2025 for the first time this decade, though elevated litigation and injury claims continue to pressure …
Louisiana Insurance Rates Ease as Litigation Costs Persist Read More
MALVERN, PA — U.S. homeowners insurance losses tied to lightning strikes climbed 59% in 2025 to an estimated $1.65 billion, driven largely by rising repair and reconstruction costs rather than …
Lightning Claims Jump 59% as Repair Costs Drive Losses Higher Read More MALVERN, PA — Cyberattacks, economic instability, artificial intelligence and increasingly frequent natural disasters are emerging as interconnected threats that could challenge the resilience of insurance markets in the United States …
Insurance Study Flags Cyber, AI and Climate Risks as Linked Threats Read More MALVERN, PA — The insurance industry’s leading research organization is pushing back against interpretations of claims data that equate claims closed without payment with claim denials, arguing that such figures …
Insurance Industry Defends ‘Closed Without Payment’ Claims Data Read More
MALVERN, PA — Insurance industry groups are warning homeowners to exercise caution when hiring contractors after storms and natural disasters, citing a sharp increase in fraud schemes that can inflate …
Insurers, Crime Bureau Warn Disaster Victims About Rising Contractor Fraud Read More MALVERN, PA — U.S. property and casualty insurers posted their strongest underwriting performance in more than a decade during 2025 as premium increases and easing replacement-cost inflation improved profitability, though …
Insurers Restore Underwriting Profit as Catastrophe Risks Persist Read More MALVERN, PA — Insurance Information Institute reported U.S. pet insurance premiums climbed to a record $5.47 billion in 2025 as rising veterinary costs and escalating liability payouts push more households …
Rising Pet Claims Drive Growth in Niche Insurance Market Read More MALVERN, PA — Insurance Information Institute received honorable mention recognition in two categories at the Hermes Creative Awards for a 2025 public awareness campaign tied to Georgia tort reform legislation, …
Triple-I Georgia Tort Reform Campaign Earns Hermes Awards Read More MALVERN, PA — Proposed insurance legislation in Illinois could reduce coverage availability and increase long-term costs for consumers by restricting insurers’ ability to price risk, according to a new report …
Insurance Group Warns Illinois Bill Could Raise Coverage Costs Read More MALVERN, PA — Severe convective storms caused $51 billion in insured losses in the United States in 2025, marking the third consecutive year losses from such events exceeded $50 billion, …
Triple-I Reports $51 Billion in 2025 Storm Losses in U.S. Read More