Risk
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, ...
Home Insurance Costs in the U.S. More Expensive in Areas of Extreme Weather: Study
Homeowners in areas most at risk of damage from hurricanes, wildfires and other climate perils pay far more for insurance than those who live in the least exposed areas, according to a U.S. Treasury ...
Cargo Theft Surges to Record Levels in 2024
2024 saw record-breaking cargo theft activity across the United States and Canada, with 3,625 reported incidents representing a 27 percent increase from 2023, according to global data analytics and ...
Los Angeles Wildfire Ash Might Contain Toxins, Experts Warn
Toni Boucher threw up the first time she saw the charred remains of her home and neighborhood after this month's deadly Los Angeles-area wildfires. Now she wonders if it's worth it to go back to sift ...
‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
A January 2025 report from the Geneva Association, titled Insurance in a Fragmented World Economy, found that geopolitical tensions have driven the global economy toward "geoeconomic fragmentation." ...
Property/Casualty Insurance in the Era of Rising Complexity
The last half-decade has brought about tremendous change as property and casualty insurers have been operating in an era of rising complexity. Continuous shifts in the ...
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 ...
California Years Behind in Implementing Defensible Space Law
Reeling from destructive wildfires, including the deadliest in California history, state lawmakers in 2020 passed new requirements for clearing combustible materials like dead plants and wooden ...