Uninsured Rates Decrease in 251 Counties and Increase in 148 Counties

August 11, 2022 — The rate of Americans under the age of 65 without health insurance decreased significantly in 251 counties and increased in 148 counties between 2019 and 2020, according to data released today by the U.S. Census Bureau. 

The new data come from the Small Area Health Insurance Estimates (SAHIE) Program, the only source for single-year estimates of the number of people with  Continue ..........

TDI advises Texans to check their insurance policies

Texans should make sure they have the right amount of insurance to recover from disasters like wildfires.

With wildfires threatening many parts of the state, the Texas Department of Insurance (TDI) reminds Texans to check their home insurance coverage limits.

Although home insurance should pay for damage caused by wildfire, some homeowners may not have enough coverage to rebuild and replace personal property. Continue ..........

Breaking Down Inflation’s $30B Impact on Insurers Line By Line

Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through personal lines.

In an article titled, Countering inflation: How U.S. P&C insurers can build resilience, McKinsey partners Kia Javanmardian, Sebastian Kohls and Fritz Nauck, together with senior expert Gavin McPhail, stress the role of insurance executives in directing a coordinated response to inflation’s potential jolts to profitability, with leaders orchestrating actions across pricing, underwriting, claims and other functions—  Continue ............

Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P

The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies – either diving in to write more business at higher premiums or reducing their exposure, according to S&P Global Ratings. Continue .........