Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …
Auto and property insurance shopping experienced 20% year-over-year increases in the fourth quarter of 2024, a new report shows. TransUnion’s quarterly insurance trend and perspective report also shows profitability for auto and homeowners insurers was uneven. Property insurers are struggling …
Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last month. That’s according to the …
Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in California as facing “high” or “very high” danger of wildfires. In the wake of devastating fires in Los Angeles County, the …
Insurers paid out a record £585 million (U.S. $724.7 million) for weather-related damage to people’s homes and possessions in 2024 in the United Kingdom, according to the latest data from the Association of British Insurers. The record claims come following …
Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers Companies Inc. announced Tuesday it will lose an estimated $1.7 billion from last month’s wildfires, which swept through the region …
Hawaii’s Supreme Court heard arguments last week over insurance issues that are tying up a potential $4 billion settlement over Maui’s catastrophic 2023 wildfire, the deadliest in the U.S. in more than a century. The massive inferno decimated the historic …
As Los Angeles reels from deadly January wildfires that destroyed thousands of homes, California Gov. Gavin Newsom signed an order last week directing the state to advance long-delayed regulations requiring homeowners in high-risk areas to clear combustible materials around their …
Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in nearly identical houses. “I chose an old home in an old neighborhood because it has soul,” said Hamlin, a …
Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems include a major insurer pullback from California in the past year, followed by the L.A. wildfires, which could result in …