New Conning Report Examines Evolving Challenges Threatening U.S. Homeowners Insurance Market and Ideas for Path Forward | PR Newswire [Video]

, /PRNewswire/ — A new report from Conning sheds light on the ongoing crisis in the homeowners insurance sector, emphasizing the impact of evolving natural catastrophe threats and increasing risk exposures. The research outlines key trends and provides an in-depth analysis of the pressures faced by insurers in today’s volatile environment.

“The increase in natural catastrophe losses is not solely due to primary perils such as hurricanes,” said Alan Dobbins, a Director in the Insurance Research group at Conning and the report’s author. “Instead, secondary perils—smaller-scale events like severe convective storms, floods, and wildfires—have become a significant source of annual catastrophe activity. The insurance industry, therefore, is focusing new attention on these secondary risks, which historically have been underappreciated but are now proving to be just as problematic as major events.”

In addition, rising population densities, inflation, and economic development have significantly amplified the damage caused by such events. In response …