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By distilling complex market trends and regulatory changes into clear guidance, this Outlook helps organizations anticipate challenges, seize opportunities, and make informed decisions to protect their assets and drive growth. The “How We Can Help” sections in this report offer ways to strategically position your organization for future insurance market opportunities.

For the next generation of wealth stewards, understanding home insurance is essential to protecting family properties and maintaining financial security. This guide explains key considerations for insuring high-value homes, from replacement cost coverage and liability limits to special risks such as natural disasters and household staff. It equips rising generations with the knowledge to identify coverage gaps, ask the right questions, and work with advisors to safeguard real estate assets as part of a broader wealth strategy.

This mid-year addendum to the 2025 Commercial Property and Casualty Market Outlook updates the insurance market trends, summarizes current market conditions, and forecasts important developments that are starting to emerge.

Across the United States, coverage for homes, autos and valuable collections have increased at a double-digit pace. In states that have experienced multiple disasters, particularly Florida and California, affluent homeowners have seen premium increases of at least 20% and higher. Others must scramble to find any coverage as carriers continue to pull back—or completely tap out—from the most disaster-prone regions.

With rising property and casualty premiums and reduced insurance availability, many U.S. homeowners have either chosen to self-insure their homes or have been given no other viable choice. This trend includes an increasing number of affluent families with high-luxury homes in areas prone to wildfires, extreme weather, and other catastrophic events.

The insurance market outlook for 2025 shows stabilization in several areas, with continued challenges and evolving risks across property, casualty, executive and professional risk, aviation, environmental, and international lines. In a dynamic yet cautious market, insurers are adapting to changing conditions, regulatory pressures, and emerging threats. Moving forward, organizations are encouraged to utilize risk control strategies to present their accounts favorably to insurance carriers, and to leverage all available tools to align asset values with industry standards.

In this comprehensive report and outlook, expert and actionable insights are gathered to show 2024’s most impactful trends and challenges across insurance lines and major industries. A brief retrospective is also provided for each insurance line, including property, general/products liability, auto, umbrella/excess, workers’ compensation, cyber, directors and officers (D&O). As you navigate the multifaceted insurance landscape, each segment will bring its own set of challenges and opportunities, shaping the strategies and decisions of both insurers and insureds.

Wealthy families have always faced complex risk management issues, but it is particularly challenging when facing soaring inflation, regulatory uncertainty, rising cybercrime rates, and increasingly severe natural disasters. These market stressors impact all sectors of the insurance market, making it more expensive and challenging for affluent families to secure property, cyber, auto, and specialty coverages.