European Central Bank Pitches Plan to Boost Coverage for Climate Losses December 18, 2024 By Gautam Naik The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms...
Disaster Insurance Set to Test Italy’s Business Backbone in 2025 December 17, 2024 By Alberto Chiumento and Andrea Mandala Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some...
Nearly 1,000 Feared Dead After Cyclone Hits France’s Mayotte December 16, 2024 By Peter Martin Local officials in the French territory Mayotte fear as many as 1,000 people have died after Tropical Cyclone Chido hit...
Farmers Now Eyeing California Favorably and Will Expand Its Coverage Options December 11, 2024 Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers....
Survey: How Communication Affects Satisfaction in Auto Claims Process December 10, 2024 Drivers who have had their car declared a total loss are noticeably impacted by how carriers communicate them. That’s according...
Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run December 10, 2024 By Gautam Naik After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase...
Moody’s: Northeast U.S. States in the Wildfire Spotlight December 10, 2024 By Firas Saleh States such as California are certainly experiencing a more ferocious wildfire season this year than a relatively quiet 2023. Combined...
Mississippi High Court Tells USAA to Pay up in Hurricane Katrina Bad-Faith Claim December 9, 2024 By William Rabb When hurricanes hit coastal areas, property insurers often breathe a sigh of relief when much of the damage appears to...
Jury Awards $310M to Parents of Teen Who Fell from Amusement Park Ride December 9, 2024 The parents of a 14-year-old Missouri boy who fell to his death from an Orlando amusement park ride in 2022...
The Rising Insurance Costs of Electric Vehicles: A Specialized Challenge December 9, 2024 By John Dicken Electric vehicles are quickly becoming a mainstay in the automotive industry. However, as their adoption grows, so too does the...