This post is part of a series of sponsored by cotality.
While the Los Angeles source fires disturbed and destroyed so many lives, they also highlighted the urgent need for property insurance stakeholders to meet and start tackling the insurance crisis. Therefore, Cotality ™ hosted the IntrConnect®, its annual conference of the property insurance ecosystem, last month in Los Angeles.
With speakers, experts and academics from all areas of property insurance, we gathered under the theme “Beyond all boundaries.” Through informative presentations, engaging fire -cat chatter and exciting panel discussions, we collaborated with industry experts to explore how to challenge existing norms and make progress towards building new, sustainable insurance frameworks.
Here are some important takeaways that can be used as a springboard as we all meet to create a more elastic insurance ecosystem:
1. The need for cooperation is even deeper than we thought.
Ensuring affordable and appropriate property insurance has become increasingly nationwide. The crisis has reached a fracture point in states such as California and Florida, which are prone to fire and hurricanes respectively every year. To turn this trend and to prevent it from other states, the entire property insurance ecosystem needs to embrace more strategic cooperation – in addition to working seamlessly in organizations and with their restoration partners.
Airlines must first look at co -insurance companies not as competitors, but instead as colleagues. Providers can determine strategies to distribute risk more effectively. This collaboration, especially within states at high risk, will help insurers to secure solvency, which in turn promotes long -term, widespread coverage.
Deeper cooperation also translates insurance companies and restaurants that work closely with legislators and regulatory bodies. The risk changes and the policy decides how people can carry it. Together, legislators, regulators, insurance companies and their partners can develop sustainable solutions that protect consumers while supporting insurance companies, which ultimately creates a more elastic insurance landscape.
In the cooperative ecosystem we need, there is no room for the blame. The division of the insurance system is not on the shoulders of regulators, insurance companies or any other individual stakeholder. A collapse of factors caused the existential insurance crisis, and it will take the coordination of all players to rework the system into something sustainable.
2. Determining the system goes beyond just insurance.
Property insurance is critical for a healthy society. Without third -party protection of properties, home ownership surely reveals.
In a growing number of states, non-fixed monthly costs such as property taxes and insurance premiums Skyrocket since 2020. These climbs make it harder for people to build equity or give home ownership. Owning property is a cornerstone of long -term financial stability. We need to prioritize building an insurance system that can offer affordable coverage. Each state needs an elastic insurance infrastructure to support societies that can thrive for generations.
Today, silent processes across real estate, mortgage loans and insurance industries prevent the kind of coordinated actions needed to protect the American dream. Together, these industries can plan how to build cities and communities that “do not burn”, with the words of speaking Michael Wara, senior director of politics at the sustainability accelerator in Stanford Doerr School of Sustainability. Stakeholders across property industries can coordinate to develop places where people can live safely with much less exposure to environmental and financial risk.
As cotality chief researcher Howard Botts says: “We must break down silos that define the traditional ecosystem of real estate-related industries. Without a unified effort to find solutions, some parts of the country may become uninhabitable.”
3. Affording questions.
Natural disasters do not stop, but we can reduce the severity of their influence when they occur.
What happened in LA in January 2025, as what happened in Maui in 2023, was an example of when a fireplace develops into a combustion – a large, uncontrollable fires that quickly spread from structure to structure in the built environment. These blows can begin as a fire, but they grow into something more destructive as they are often driven further by the materials in the structures they consume.
This is where mitigation becomes crucial. When we build new communities or rebuild those who are influenced by fires or other natural disasters, we need to design properties to be more resilient. By creating more resilient societies, we also create more insurance.
Implementation and promotion of mitigation strategies involves different devices. We learned under a MAINTAGE panel at IntrConnect that there are two key strategies to reduce risk: Strengthening building codes and giving credits to incentive policyholders to adopt mitigation efforts on their properties. These measures become even more effective when controlling organs and carriers work together to ensure they are in line.
4. Consumers are an important stakeholder in the process.
Engaging with policyholders is key. They are an integral part of the insurance ecosystem, not just recipients.
Given the complexity of insurance, it is important for brokers and insurance company representatives not just to sell policies, but to engage consumers in the process so that they fully understand their risks and coverage. With greater risk communication, policyholders become part of the solution, equipped to actively participate in reducing their own risk and, in turn, the risk of their neighborhoods and communities.
As the public awareness of natural disasters and their destructive demand increases, risk education is a key to helping people realize that their insurance is not necessarily overpriced. They are aware of the value of understanding their coverage versus alternatives.
5. Fantasy and innovation are how we go beyond all boundaries.
Keynote speaker Mick Ebeling – Founder and CEO of Not Impossible Labs – reminded us that everything was once impossible before anyone made it possible. It all starts with a bold idea, and at IntrConnect we put one forward: It is within our collective reach to build a nationwide, affordable insurance system – one that supports home ownership and provides lasting financial security for everyone.
The path Forward is linked to two essential ingredients: Collaboration and Innovation.
By utilizing sophisticated tools and the increasing amount of data available to us today, we can switch from a “repair and replace” mindset to Prevention The kind of loss we see today. Innovation, from artificial intelligence to other systems that help us make sense of real estate information, can help us get ahead of the risk. Through this digital -minded, forward -thinking approach, the entire ecosystem can transform what once seemed impossible into something completely within our reach.
It will not happen overnight, but by developing our processes with development technologies we will get there – and the improvements along the way provide transformation results to everyone in this ecosystem.
Cotality’s vision of intelligence beyond bounds
At IntrConnect 2025 we introduced our new name and brand to the world: We are now Cotality ™. This message is a culmination of the company’s transformation journey and its strategic efforts to meet the growing requirements of the real estate industry – including insurance. Our market is changing and we recognize the need to change with it. As we continue to build human-centric solutions, this is a reflection of our revitalized commitment to collaboration, connection and a forward-thinking approach to the property ecosystem.
All Takeaways from IntrConnect 2025 emphasizes the principles of cotalty – cooperation and connection, an approach to wholeness with property data and insight into the property ecosystem and beyond and the spirit of vitality to help life beyond the buildings.
We look forward to fulfilling our mission in the next year and beyond to support this whole ecosystem with Intelligence Beyond Bounds ™. Visit www.cotality.com to learn more about our renewed vision. Click here to secure your place on the IntrConnect 2026 in Washington DC in January 2026.
© 2025 Cotalty. All rights reserved. The content herein must not be reproduced or used in any form without express written permission. Cotality ™, Cotality logo, Intelligence Beyond Bounds ™, IntrConnect® and Corelogic® are the trademarks for Corelogic, Inc. D/B/A COTALITY or its affiliated companies or subsidiaries. All other trademarks are their respective owner’s property.
