Right now, Missouri legislators are mulling over a new bill that might help homeowners and renters coping with the aftermath of damage from bad weather. The new legislation, which was put forward in a special legislative session, seeks to permit tax deductions to home insurance deductibles paid for repairing damages caused by storm. This proposal […]

Roof Repair and Replacement Costs Up Nearly 30% Since 2022, New Report Says   Roof repair and replacement cost value totaled nearly $31 billion last year–up nearly 30% since 2022, according to a new report from Verisk.   The strategic data analytics and technology provider reported that roof-related line items made up more than a […]

The property insurance market has reached a point of stabilization after years of volatile rate hikes and financial losses. However, external threats — especially those posed by natural disasters — continue to challenge property owners and insurers alike.   The increasing frequency and severity of extreme weather events, coupled with inflationary pressures and shifting geographic […]

The Texas House gave a thumbs Wednesday to a bill allowing smaller homes on smaller lots in Texas’ biggest cities, part of a broad push by state lawmakers to put a dent in the state’s high home prices.   But the House made significant tweaks that would limit how many new homes could be built […]

Howden’s global reinsurance, capital markets, and strategic advisory arm, Howden Re, has noted a continued moderation in property-catastrophe reinsurance pricing at 1 June 2025, while underwriting rigour reportedly persisted, especially in structurally challenged layers. According to a new report from Howden Re, following a selective return of capacity driven by historic pricing strength, reinsurers modestly […]

 The US property and casualty (P&C) insurance industry is experiencing a prolonged period of robust financial strength, with no clear end in sight. According to insurance research firm ALIRT, both commercial and personal lines are seeing record-high composite scores, indicating exceptional financial health.   “We see no reason why this current supercycle cannot continue well […]

What is Home Insurance? Home insurance is a type of insurance policy that is designed to cover loss and damages to a person’s private residence, along with its assets, theft and certain catastrophes. It also entails liability coverage in the event a person sustains an injury in the policyholder’s premises or if the policyholder damages […]