Cascading Extreme Weather Events Unleash Billions in Damages Globally March 10, 2025 By Brian K. Sullivan, Mary Hui and Joe Wertz First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South...
Liberty Mutual Owes $4M Refund After Overcharging Louisiana Citizens Assessments March 7, 2025 By Ezra Amacher Liberty Mutual owes approximately $4 million to about 138,000 Louisiana policyholders after overcharging the Louisiana Property Insurance Corporation Emergency Assessment...
Powerful Storm Unleashes Rain, Snow and Wind From Texas to Maine March 5, 2025 By Brian K. Sullivan A powerful late-winter storm is battering the central and eastern U.S. with heavy rain, snow and wind, canceling hundreds of...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Huebner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
CoreLogic: Chicago Has Most Homes at Risk from Convective Storms February 24, 2025 Convective storms added to a year of extreme weather events that will put pressure on property insurance rates, particularly in...
Is a Binder Binding? Yes, Says Alabama Supreme Court in Win for Arbitration Clauses February 20, 2025 By William Rabb Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme...
2 Million Acres in California Designated High Or Very High Fire Danger Areas February 13, 2025 By Julie Cart Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in California...
Hawaiian Electric Welcomes Top Court’s Ruling on $4B Wildfire Settlement February 12, 2025 By Pooja Menon Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court’s decision towards finalizing the more than $4 billion settlement...
Insurers Report Record Claims for Weather-Related Damage in UK February 11, 2025 Insurers paid out a record £585 million (U.S. $724.7 million) for weather-related damage to people’s homes and possessions in 2024...
Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires February 11, 2025 Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers...