Growing Wildfire Risk Leaves States Grappling With How to Keep Property Insurers From Fleeing May 2, 2024 By Rebecca Boone Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news...
Swiss Re: Auto Insurance Price Rises to Decelerate as Claims Inflation Eases May 2, 2024 Auto insurance price rises are expected to decelerate from current heights as claims inflation eases, according to a new economic...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon May 1, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
US Great Plains Brace for Possible Tornados: Weather Watch April 29, 2024 By Brian K. Sullivan States across the Great Plains in the US are bracing for possible severe thunderstorms — which may include tornadoes and...
HSBC Wins $1.6 Billion Suit Over Disney Film Finance Scandal April 26, 2024 By Jonathan Browning HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion...
Report: Cybercrime ‘A Thriving Business,’ as U.S. Claims Frequency Rises April 26, 2024 By Nehemiah Balaoro Cyber claims frequency in the U.S. rose 13% last year, a new report shows. Coalition this week released its 2024...
Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’ April 26, 2024 By Chad Hemenway According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply...
Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes April 24, 2024 By Leslie Kaufman Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get...
South Carolina Allows Out-of-State Adjusters After Massive Hail Storm April 23, 2024 In the wake of last week’s widespread hail storm that damaged homes and automobiles, the South Carolina director of insurance...
What Is Volt Typhoon, the Hacking Group the FBI Warns Could Deal a ‘Devastating Blow’? April 22, 2024 By Raphael Satter and James Pearson China is developing the “ability to physically wreak havoc” on U.S. critical infrastructure and its hackers are waiting “for just...