Personal Lines
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 ...
Los Angeles Fires Become Existential Test for California’s Stopgap Insurer
The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California's massive ...
California Wildfires Declared Federal Disaster: FEMA
FEMA announced yesterday that federal disaster assistance is available to the state of California to supplement recovery efforts in the areas affected by wildfires and straight-line winds from Jan. ...
Andrade Leaving Everest for USAA; Williamson Named Acting CEO
Juan C. Andrade is USAA's new president and chief executive officer, said the insurance provider to millions of active military, veterans, and their families. Andrade will assume the role on April 2 ...
When EVs Take Off: AM Best Reviews Impact on China Motor Insurance
Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report published ...
Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing
Moody's Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a ...
California Insurers Required to Increase Home Coverage in High Risk Wildfire Areas
Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in ...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with U.S. liability claims increasing by 57 percent during the past decade and nuclear verdicts rising in ...