News
California Utility Reports Fault on Power Line Miles Away From Deadly Eaton Fire
Southern California Edison on Monday reported a fault on a power line connected miles away from ones located near the origin of the Eaton Fire, the deadly blaze that ignited outside of Los Angeles on ...
Executives on the Move at AIG, Chubb, MGT
American International Group said it is organizing into three segments and Jon Hancock will lead two of them.
Hancock will continue to ...
W.R. Berkley Posts Record Year With Q4 Net Income Up 45%
Fourth-quarter 2024 net income at W.R. Berkley Corp. jumped 45 percent compared to a year ago to about $576 million. For the year, the Greenwich, Conn.-based commercial insurer said it booked record ...
How Competitive Is E&S Property? Exec Views Vary
E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of specialty insurers offering commentary were not perfectly in ...
Bots, Password Spraying Top Experian’s 2025 Tech Fraud Forecast
Five emerging fraud threats have emerged that could challenge businesses and consumers in 2025, according to Experian's annual Future of Fraud Forecast. Half of the consumers surveyed said they are ...
Insurer Uses Photo Metadata to Prove Deer Hit Claim Fraud
An arrest warrant was issued for a South Carolina woman after the deer hit claim she submitted to Progressive Northern Insurance Company was deemed to be fraudulent. In October 2023, Queen Viola ...
La Nina Conditions Could Persist Through April
La Nina conditions are present and there is a 59 percent chance of it persisting through February-April 2025, with a 60 percent chance of transition to ENSO-neutral conditions during March-May 2025, ...
Economic Losses From Natural Disasters Soared in the U.S. in 2024
Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts. Damage ...