Claims / Legal
An Insurance Journalist’s Perspective on Southern California’s Wildfires
PART ONE OF A TWO-PART SERIES It was pitch black in the house and the power was off. The Santa Ana winds were howling. As planned, my wife, Jenny, gathered our two dogs and cat and scurried them into ...
California Wildfire Fund Could Shield Utility Balance Sheet From Fire Claims
California's $21 billion wildfire fund may shield Edison International's balance sheet if equipment owned by the company's electric utility is found to have caused a deadly Los Angeles fire last ...
Estimated No. of Vehicles Destroyed in California Wildfires Tallied
Newly released CARFAX data estimates that the destructive wildfires in Southern California destroyed up to 6,300 vehicles earlier this year. "It's heart-wrenching to witness the scale of destruction ...
Desert Freight Train Heists Yield $2M Worth of Nikes
Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, ...
CoreLogic: Chicago Has Most Homes at Risk from Convective Storms
Convective storms added to a year of extreme weather events that will put pressure on property insurance rates, particularly in a few hard-hit states, a new report shows. CoreLogic released its 2025 ...
Her Parents Were Hurt in Tesla Crash, But She’s Set to Pay Damages—to Tesla
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father's panicked voice: The brakes don't work! Approaching a red light, her father swerved around two ...
Polished Gem GEICO Fuels Berkshire Hathaway Operating Gains
The work that GEICO's CEO has done to "repolish" Berkshire Hathaway's "long-held gem" got a special shout-out in Berkshire Chair Warren Buffett's 2024 annual report to shareholders this weekend. ...
Notable Rating Actions This Week: Mercury General, Sentry’s The General
Among the ratings announcements from AM Best this week were those reacting to an uncertain California wildfire loss estimate and a Midwest personal lines acquisition. *** Mercury General's AM Best ...