Claims Down, Costs Up

proadAccountId-334270 • October 7, 2025

Property claims down but soaring claims valuations complicate the picture

Property insurance claims hit a five-year low in the first quarter of 2025, according to Verisk’s "Quarterly Property Report," with total claims volume dropping 7% year over year—even amid major events like the Palisades and Eaton wildfires in California in January. The decline continues a trend that began in 2023.


However, soaring claim values and rising reconstruction costs are complicating the picture.


Replacement cost value (RCV) surged 46% nationally compared to the first quarter of 2024. The surge was driven by the California wildfires, which led to $10 billion in losses and an average claim of $337,000. Fire-related losses jumped 40%. Nationally, wind and hail still accounted for nearly half (47%) of all claims, though this was down 7% from 2024.


Regional trends underscore shifting weather risks: Texas led in total claims, with wind and hail making up 95% of its catastrophe volume. Meanwhile, Kentucky and Nebraska saw a 200% spike in wind and hail claims. Reconstruction costs rose 5.2% nationwide, with labor—particularly for concrete masons—driving most of the increases.


By proadAccountId-334270 September 30, 2025
Americans reassessing extreme weather protections
coins in front of a blue up arrow on purple background
By proadAccountId-334270 September 22, 2025
Home insurance premiums rose nationally
man opening empty wallet
By proadAccountId-334270 September 19, 2025
Americans concerned about inflation, taxes, social security, debts and savings
Dogs playing
September 16, 2025
Insurance claims related to dog bites have increased and are expensive and costly. Supervise pets when interacting with children. Avoid bite claims.
Car Insurance Form and Toy Car
November 12, 2024
The Siegel Insurance Agency has made it easy to access the right auto insurance to suit your needs. We provide helpful information across Danbury, CT.
By proadAccountId-334270 March 18, 2024
Learn more about the reasons and benefits of having auto insurance covered with The Siegel Insurance Agency in Brookfield, Danbury, & Bethel, CT.
By proadAccountId-334270 November 14, 2023
The benefits of homeowners insurance outweigh the yearly cost. Here are a few reasons why you should purchase homeowners' insurance.
By No Author October 23, 2023
If you're from Danbury, CT or any of the nearby areas, then you're no stranger to snow and ice. Browse the following blog to learn some tips for driving in wintery conditions!
By proadAccountId-334270 September 20, 2023
Wondering why you need auto insurance? Click here to learn more about the reasons you must have auto insurance!
By proadAccountId-334270 October 15, 2018
The National Safety Council reports that cell phone use while driving leads to 1.6 million crashes each year. Nearly 390,000 injuries occur each year from accidents caused by texting while driving. 1 out of every 4 car accidents in the United States is caused by texting and driving. According to the National Highway Traffic Safety Administration, texting behind the wheel takes a driver's eye off the road for an average of 4.6 seconds, which is the time it takes to go from one end zone to the other. ... In that same survey, more than 90 percent of drivers know texting while driving is dangerous. Five years ago, Newsday reported that texting and driving usurped drinking and driving as the number one killer of teens behind the wheel. While parents of new drivers know about the dangers of distracted driving, the smartphone has remained one of the biggest dangers among new drivers. According to the Department of Transportation’s National Highway Traffic Safety Administration, distracted driving is the culprit behind nine percent of the fatal crashes among the 15-19 age group. In 2015, distracted driving killed more than 3,000 individuals—or about 9 people each day. Law Enforcement is starting to take note and police departments are getting creative in attempting to curb this dangerous trend. State police in Chattanooga, Tennessee, have been known to patrol in a tractor-trailer so they can sit up high and spot drivers texting behind the wheel. In Bethesda, Maryland, a police officer disguised himself as a homeless man, stood near a busy intersection and radioed ahead to officers down the road about texting drivers. And in West Bridgewater, Massachusetts, south of Boston, an officer regularly tools around town on his bicycle, pedals up to drivers at stoplights and hands them $105 tickets. In New York, texting tickets soared from about 9,000 in 2011 to nearly 85,000 in 2015. In Massachusetts, they rocketed from about 1,100 to a little over 6,100 over the same period. In California, the number of people found guilty of texting while driving climbed from under 3,000 in 2009 to over 31,000 in 2015. The auto insurance industry has taken note. Some companies have begun to surcharge premiums for those with cell phone violations the same as they would for a DUI. For many drivers that could mean an increase in premium of hundreds of dollars for a period of 3 to 5 years. Anyway you look at it – texting while driving is a BAD BET. *Material for this blog was obtained from various online sources