Insurer Payouts at $4 Billion and Counting So Far for LA Wildfires January 30, 2025 By Don Jergler Preliminary data show insurance companies have so far paid out more than $4 billion for losses from the biggest two...
Pimco Warns LA City Utility Faces Steep Liabilities After Fires January 30, 2025 By Maxwell Adler The Los Angeles Department of Water and Power is facing the risk of significant financial liability for damages in the...
Fire Destroys Air Busan Plane in South Korea, All 176 Evacuated January 29, 2025 By Heejin Kim and Soo-Hyang Choi A fire broke out on a plane operated by Air Busan Co. at a local airport in South Korea late...
US Economic Losses From Natural Disasters Soared in 2024 January 29, 2025 By Alex Veiga Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting...
Chubb Expects LA Wildfires to Cost It $1.5 Billion This Quarter January 28, 2025 By Alexandre Rajbhandari Chubb Ltd. estimates that the wildfires that ravaged swaths of Los Angeles earlier this month will cost the insurer $1.5...
Storm Triggers Worst Floods in 40 Years in Northwest France January 28, 2025 By Joe Wertz and Nayla Razzouk Storm Herminia triggered the worst flooding in four decades in parts of northwest France and created dangerous avalanche conditions in...
Southern California Edison Asked by Investigators to Preserve Gear at LA’s Eaton Blaze January 27, 2025 By Will Wade Fire investigators have asked Southern California Edison Co. to preserve its equipment near the site where the deadly Eaton fire...
LA Wildfires by The Numbers: Insured Losses, Total Losses, Ratings, Rates January 24, 2025 By Don Jergler The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on...
Fitch Says LA Fires Could Consume 30% of European Reinsurer Natural Disaster Budgets January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...
Does 15-Year Roof Age Rule Discourage More Wind-Resistant Products? January 24, 2025 By William Rabb After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections...