News
15% of W.R. Berkley Shares Being Acquired by Mitsui Sumitomo Insurance
Last Friday, W.R. Berkley Corp. said that Japanese property/casualty insurer Mitsui Sumitomo Insurance Co. would buy a 15% stake in the company through open market purchases or private transactions ...
Spring Outlook Forecasts Continued Drought for the West: NOAA
Drought conditions are expected to continue in the Rocky Mountains, Southwest and southern Plains, according to NOAA's Spring Outlook. Forecasters at NOAA's Climate Prediction Center predict ...
IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s
According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the ...
Car Insurance Costs Up 42% Since ’22: Biggest ’24 Hikes in Minn., Maryland
New data highlights the increasing cost of car insurance, with rates rising 15 percent last year, according to a recent Insurify report. Average car insurance rates range from $2,300 to $3,000 in the ...
Tiffany Diamonds Worth $770K Recovered 2 Weeks After Suspect Swallowed Them
Detectives have recovered four diamond earrings from a suspected thief two weeks after he gulped the Tiffany & Co. jewelry worth nearly $770,000 during his arrest on the side of a highway in the ...
Risk Digitization Top Tech Priority for U.S. Insurers
Risk digitization was cited as the primary technology priority for revenue growth in a recent study from InsurTech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found ...
HOA Secures $2.5M ‘Wildfire Resilience Insurance’: WTW
Willis, a WTW business, and The Nature Conservancy (TNC) jointly announced the launch of an insurance policy for a private homeowners association in California—available and affordable because the ...
Getty Museum to Sell $500 Million of Debt for Fire Protection
One of California's most famed art institutions, the Getty, is turning to the bond market for $500 million to help preserve its masterpieces as the state prepares for another fire-prone summer. The ...