The auto insurance industry has weathered its share of storms in recent years. Despite fewer claims in early 2024, carriers still face headwinds when it comes to vehicle complexity and its effect on severity and cycle time. Following are the …
They clustered around water taps, rare sources of electricity and each other. Days after the strongest cyclone in nearly a century ripped through the French island territory of Mayotte off the coast of Africa, survivors recalled the horror of the …
Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly. Many small and medium-sized firms, which form the backbone of …
Long-range forecasters say more towns and cities across the U.S. could experience a white Christmas this year compared to 2023, bringing a slight possibility that more than half the nation could have some snow on the rooftops on Dec. 25. …
Local officials in the French territory Mayotte fear as many as 1,000 people have died after Tropical Cyclone Chido hit the archipelago off the coast of Mozambique on Saturday. Emergency crews on Monday worked to rescue survivors amid scenes of …
At the Florida Chamber of Commerce Insurance Summit last week, the state’s emergency management director announced a multi-million-dollar program that many homeowners, lawmakers and insurers have long hoped for: New grants and low-interest loans that will help elevate homes above …
States such as California are certainly experiencing a more ferocious wildfire season this year than a relatively quiet 2023. Combined CAL FIRE and U.S. Forest Service figures record over 1 million acres burnt in California this year, way above the …
When hurricanes hit coastal areas, property insurers often breathe a sigh of relief when much of the damage appears to be the result of storm surge and flooding – losses that aren’t covered by most homeowners’ policies. But after Hurricane …
A magnitude-7.0 earthquake off the coast of Northern California triggered a brief tsunami warning across a swath of the U.S. West Coast. The tsunami threat was declared over less than an hour later even as the area experienced multiple aftershocks. …
Insured losses from natural catastrophes are on track to exceed $135 billion in 2024, with at least two-thirds of this year’s insured losses attributable to the U.S., according to Swiss Re. It’s the fifth straight year natural catastrophe-driven insured losses …