Industry News
Hospitals Seen as Potential Growth Area for Litigation Financing
The litigation-financing industry could see new demand from an increase in health care lawsuits, according to Christopher Bogart, chief executive officer of litigation funder Burford Capital Ltd. ...
Florida Readies for Major Hurricane Milton
Florida prepared on Sunday for its largest evacuation since 2017 as Hurricane Milton intensified in the Gulf of Mexico on its path toward the U.S. state's western coast, coming on the heels of the ...
One-Third of Global Population at Risk for Floods: Moody’s
A new white paper from Moody's reveals that 2.7 billion people — more than one-third of the global population — live in areas vulnerable to inland or coastal flooding. Moody's estimates that ...
Insurers See Decline in Private Equity Income Despite Investing More: AM Best
Despite increasing private equity investments, U.S. insurers experienced a second straight year of declining income on those investments, which dropped to $7.7 billion in 2023, down from $10.2 ...
Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report
Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to ...
Nowhere in America Is Safe From Climate-Fueled Storms and Fires
Forecasters had warned for days that Hurricane Helene was likely to cause widespread devastation. But when the powerful storm struck Florida and barreled through the eastern U.S. last month, killing ...
Helene Damage Numbers Climb: AccuWeather Revises Total Damage Cost to $225B+
For the second time since Hurricane Helene made landfall, AccuWeather has increased its estimate of the total damage and economic loss from the storm. Now, the weather forecasting firm has put a ...
Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk
While the Lloyd's market reported its best first-half profit in 17 years, it isn't resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. ...