Markets
Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms
A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a "direct physical loss" as ...
Economic, Social Inflation Influencing Drop in Auto Insurance Underwriting Profits: Triple-I/CAS
Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by ...
Stable Outlook for Canada’s P/C Insurers as Weather-Related Losses Fuel Volatility: AM Best
Though Canada's property/casualty (P/C) insurers faced average catastrophe activity during the first half of 2024, four major events in this year's third quarter should lead to another record year ...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh
Global commercial insurance rates fell 1 percent in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter ...
Affordable Housing in Hawaii Threatened by Rising Insurance Prices
Lahilahi Heen has lived for decades in a three-bedroom house surrounded by a carefully groomed garden in the lush Hawaiian Shores subdivision in Lower Puna. It's also downslope from Hawaii's most ...
Hurricanes Helene, Milton Likely to Be $50B Disasters; Much Uninsured
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, ...
The Latest Hurricane Milton Insured Loss Estimates: $17B-$50B
Catastrophe risk modelers delivered a wide range of estimates of insured losses from Hurricane Milton this weekâranging from a low of $17 billion to a high of $50 billion. Estimates as of Oct. 17 ...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M For Helene
Allstate Corp. doesn't announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In keeping with its initiative to announce monthly ...