Claims / Legal
Everest Group Boosts Casualty Loss Reserves $1.7B
Everest Group, Ltd. pre-announced full-year 2024 earnings yesterday, disclosing about a 45 percent drop in net income attributable to a $1.7 billion boost in its casualty insurance reserves. The ...
President Trump Proposes ‘Getting Rid of FEMA’ During Disaster Area Tour
President Donald Trump surveyed disaster zones in California and North Carolina on Friday and said he was considering "getting rid of" the Federal Emergency Management Agency, offering the latest ...
The 2025 Palisades and Eaton Fires: All the CM News So Far (Slideshow)
With conditions and loss estimates changing since wildfires began burning in California in early January, there has been a lot of content for insurance industry leaders to absorb. To help readers to ...
The Latest LA Wildfire Estimates: KCC Close to $28B
Risk modeler KCC has estimated that insured losses to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28 billion. KCC's estimate, ...
NY Proposes Plan to Stabilize Broken Taxi Insurance Market
New York Governor Kathy Hochul proposed measures to stabilize the city's taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance ...
The Latest LA Wildfire Loss Estimates: Verisk’s Range Is $28B-$35B
The Extreme Event Solutions group at Verisk has estimated that insured industry losses to property for the Palisades and Eaton fires together will fall between $28 billion and $35 billion. Verisk's ...
Future of Jobs: Claims Adjuster Among Fastest Declining Professions
Insurance claims adjusters have something in common with postal clerks, cashiers, administrative assistants and graphic designers. These jobs all rank among those in the greatest decline over the ...
Mercury General Gives Reinsurance Update: One or Two Events Still TBD
Mercury General provided updated information about its reinsurance program yesterday, reporting that whether losses from the Palisades and Eaton wildfires burning in California will be treated as one ...