Texas Watch

"Ware Wendell, executive director of Texas Watch, a nonprofit organization that advocates for insurance policyholders, called increased nonpayment across the industry 'very concerning.' 'We’re paying more and more for less and less coverage, and then fewer and fewer claims are being paid at all,' he said. 'This isn’t working for consumers, but it’s working really well for for-profit, private insurance companies.'”

USAA closed 51% of home insurance claims without making a payment in 2025 Denials have been an ongoing issue for insurers, and data show the rate of nonpayment of claims has been inching up for years. Climate change is a factor.

"Profits are also rising — as they did in 2021 — at a time of higher inflation, which has squeezed consumer pocketbooks for basics like food and gasoline."

Corporate profits were already at historic highs. They shot even higher in Q1. US business profits are booming no matter how you measure it, with strength in US corporate balance sheets hovering above historic norms for more than a decade.