New Commercial Auto Exposures: The Evolution of Terror Liability Risk
While it may be too soon to talk about the insurance impact of tragic events, that is what we do in the insurance industry. So, hopefully you will understand my attempt ...
Claims / Legal
Are Cars ‘Structures’? Tallying the Damage from the Los Angeles Wildfires
The extent of the damage from wildfires ravaging the Los Angeles area is horrific however it's tallied: Neighborhoods have been erased, landmarks destroyed and lives lost. But officials have prompted ...
Edison Utility Sued Over Role of Equipment in Los Angeles Fire
Edison International Inc.'s southern California utility was hit with a lawsuit blaming the energy provider's equipment for igniting one of the wildfires still raging in the second-largest US ...
Mercury General Wildfire Losses Will Hit Reinsurance Cover. One Event?
Mercury General Corporation said it expects losses from wildfires burning in California since Jan. 7 to exceed its $150 million reinsurance retention, without providing a specific dollar estimate of ...
The Most Important 2025 Los Angeles Wildfire Stories; Latest Loss Estimates
As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer. Despite the ...
Significant But ‘Manageable’ Insurance Losses Expected From LA Fires: S&P
Insurers are facing significant losses from the catastrophic Los Angeles wildfires—given the high value of homes and businesses in the affected communities. However, those losses are likely to be ...
Insurers Ask Edison to Preserve Evidence Related to Fire
Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton Fire that is still burning in Los Angeles, but said no fire ...
Homeowners’ Unexpected Repairs Doubled in 2024: Hippo
A new report by home insurance group Hippo finds that homeowners in the U.S are more proactive than ever when it comes to protecting their home against damage. The insurer released its third annual ...
Insured Losses From Los Angeles Wildfires Rising: $8B to $20B
With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure to become ...