USAA Becomes 3rd Insurer to Report $1B-Plus in Claims So Far for LA Wildfires February 5, 2025 USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report...
State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires February 3, 2025 State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases,...
Norfolk Southern And East Palestine Announce $22M Settlement in 2023 Derailment January 31, 2025 By Josh Funk East Palestine and Norfolk Southern have announced a $22 million settlement resolving all of the village’s claims arising from the...
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...