www.insurancemarketandnews.com Wholesale inflation remained elevated in May as higher energy costs pushed producer prices to their fastest annual pace in more than three years, according to data released by the U.S. Bureau of Labor Statistics. The Producer Price Index (PPI) for final demand increased 1.1% in May on a seasonally adjusted basis, matching April’s gain.…

www.insurancemarketandnews.com The U.S. economy moved into negative territory during the opening quarter of 2026, as stronger imports and softer government spending outweighed gains in consumer and business activity, according to the Bureau of Economic Analysis’ second estimate of gross domestic product. Real gross domestic product (GDP), which measures the value of goods and services produced…

www.insurancemarketandnews.com The U.S. Department of Housing and Urban Development (HUD) has proposed regulatory changes that could broaden the use of manufactured housing and help address persistent housing supply shortages across the country. Under the proposal, HUD would eliminate a long-standing requirement mandating a permanent chassis for certain multi-story manufactured homes. Federal officials believe the change…

www.insurancemarketandnews.com The U.S. construction sector continued to expand its workforce in May, with total seasonally adjusted employment rising to 8.337 million workers, according to the latest data from the U.S. Bureau of Labor Statistics. The figure marks a steady increase from 8.296 million workers in February, highlighting continued labor demand across residential, commercial and infrastructure…

www.insurancemarketandnews.com The U.S. property and casualty insurance industry delivered a sharp turnaround in the opening months of 2026, posting a substantial underwriting profit after weathering losses during the same period a year earlier. According to a new AM Best analysis, insurers generated a net underwriting gain of $16.3 billion during the first quarter of 2026.…

www.insurancemarketandnews.com The pace of commercial insurance price increases in the United States continued to ease during the opening months of 2026, signaling a market that is gradually moving toward greater stability after several years of elevated rate growth. According to the latest Commercial Lines Insurance Pricing Survey released by WTW, average commercial insurance rates rose…

www.insurancemarketandnews.com Florida’s property insurance market is showing renewed signs of growth, with state regulators announcing the arrival of three additional property and casualty insurers, bringing the total number of new market entrants to 20 since a series of legislative reforms reshaped the industry. The latest additions—Builder Reciprocal Insurance Exchange, Frontline Insurance Reciprocal Exchange, and Wingsail…

www.insurancemarketandnews.com American homeowners are facing a rapidly growing financial burden as home insurance premiums continue their steep upward trajectory, with national rates rising nearly 47% between 2020 and 2025, according to a new LendingTree analysis. The report paints a picture of an insurance market reshaped by increasingly costly natural disasters, rising construction expenses, and persistent…

www.insurancemarketandnews.com The global construction sector is entering a period of heightened uncertainty as multiple risks—from extreme weather and workforce shortages to cyber threats and financial pressures—begin to intersect in ways that could fundamentally reshape how major projects are planned and financed. A new report from Zurich Insurance Group, Beyond 2030: The Future of Construction, warns…