Chester County News and Community Website
MALVERN, PA — Rising motor vehicle litigation added an estimated $43.84 billion to U.S. auto liability insurance costs from 2015 through 2024, accounting for roughly one-quarter to nearly one-third of …
Auto Lawsuits Add $43.8 Billion to Insurance Costs, Study Finds Read More MALVERN, PA — California homeowners are increasingly relying on the FAIR Plan and excess-and-surplus insurers as wildfire losses and coverage constraints reshape the state’s insurance market, with those alternatives accounting …
California Home Insurance Strain Pushes More Coverage Outside Standard Market Read More MALVERN, PA — Homeowners insurance costs have risen substantially faster than personal auto coverage relative to household income since 2020, according to a new Insurance Information Institute index that tracks …
Triple-I Index Shows Home Insurance Costs Outpacing Auto Read More
MALVERN, PA — More than 35,000 wildfires burned over 3 million acres across the United States during the first half of 2026, exceeding 10-year averages as heat, drought and development …
Wildfire Risk Spreads as U.S. Burns 3 Million Acres Read More MALVERN, PA — U.S. property and casualty insurers are expected to post stronger underwriting results through 2028 as moderating claims costs and stable economic conditions improve profitability, although catastrophe losses, …
P/C Insurers See Underwriting Gains Despite Risk Outlook Read More MALVERN, PA — The Insurance Information Institute received a Silver Bulldog PR Award for a Georgia campaign supporting tort legislation enacted in 2025, recognizing the insurer-funded group’s use of advertising, …
Triple-I Campaign Wins Award After Georgia Tort Overhaul Read More 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