Industry News
Wildfire Losses Increasing But Still Small Compared to Hurricanes: KCC
Wildfire losses in the U.S. are increasing, but the risk is still considerably smaller than hurricanes, according to a new KCC white paper. While we usually think of California and other western ...
U.S. P/C Industry Combined Ratio Headed Back Up to 100: S&P Ratings
While the U.S. property/casualty combined ratio sat at the lowest level in five years during 2024, the industry's key metric is headed up to the 98-100 range for 2025, analysts from S&P Global ...
InsurTech Profile: Tech Innovation Guides Work at Turvi
Maybe it had something to do with being a kid when the first "Star Wars" movie was released. Or maybe it was that sense of satisfaction from writing a line of code on an Apple II and watching the ...
Is State Farm General Too Big to Fail? Calif. Rate Hearing Concludes
"Too big to fail"—a phrase associated with interconnected publicly traded financial services companies in the wake of the 2008 financial crisis—was revived in a new context last week. During a ...
AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers
According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes ...
Triple-I Launches Legal System Abuse Awareness Campaign in Louisiana
Triple-I has launched a comprehensive awareness campaign in Baton Rouge, La., highlighting legal system abuse and its impact on the state's economy to encourage consumers to voice their support for ...
In Fight Over Insurance, Neighbors Crowdsource LA Fire Contamination Data
All sense of survivors' guilt was fleeting for those residents whose homes remained standing after wildfires ripped through the Los Angeles area three months ago. Many worried that smoke from the ...
Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz
Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial. The impact of civil ...