Markets
‘We’re Going to Survive and It’s Going to Come Back’: Maui Wildfire Victims
They have combed the ashes for mementos, worried about where they would sleep, questioned their faith and tried to find a way to grieve amid the great, unsettling devastation. Residents have faced a ...
California Commissioner Orders Insurance Cancellation Moratorium for 185K Residents
California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, ...
Cyber Resilience Lessons from the CrowdStrike Outage
Imagine arriving at London's Heathrow Airport only to find your flight merged with two others and chaos reigning supreme with baggage scattered everywhere. This was the real-life impact of the recent ...
European Insurers Enjoy Big Profits After Premium Hikes
Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in natural catastrophes in recent years continue to face higher premiums ...
Insurer’s Lack of Repairs Caused Woman’s Death After Ian: Florida Lawsuit
Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous storm—Hurricane Ian in 2022. This time, though, the plaintiff claims not only ...
Where Commercial Lines Renewal Rate Changes Landed: July Index
Year over year, commercial auto, business owners, general liability, commercial property and umbrella experienced increasing average premium renewal rates, according to the latest monthly Ivans Index ...
Who’s Raising Homeowners Rates? S&P GMI’s Q2 2024 Analysis
According to an analysis of rate filings "disposed" by state regulators— approved or allowed by regulation—in second-quarter 2024, Liberty Mutual had the highest number of rate hikes approved in ...
First-Half Global Insured Nat Cat Losses Top 10-Year Average
Global insured losses from natural catastrophes totaled $60 billion during the first half of 2024, or 62 percent above the 10-year average, according to preliminary estimates from Swiss Re. Severe ...