News
Neutral Weather Conditions to Continue Through Summer
La Nina conditions are weakening and a shift to an El Niño-Southern Oscillation (ENSO) neutral weather pattern is expected to develop in April and persist through the Northern Hemisphere summer, a ...
Fresh Fire Danger Threatens Oklahoma, 400 Homes Already Destroyed
With Oklahoma still reeling from deadly wildfires that whipped across the state and destroyed hundreds of homes in recent days, authorities warned that this week would bring a renewed risk of fire to ...
Customers Not Happy With Carrier Property Claims Service
Higher premiums and longer wait times make property owners less satisfied with their insurers. These not-very-surprising results from J.D. Power's 2025 U.S. Property Claims Satisfaction Study align ...
Nearmap Launches AI-Powered Portfolio Product
Nearmap, a location intelligence provider to insurers, has announced the launch of a pre-built AI-powered tool that allows insurance carriers to analyze risk at the portfolio level. Portfolio ...
AM Best: US P/C Industry in 2024 Posts First Underwriting Profit in Four Years
For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best today in a "First Look" at US P/C financial results said the industry ...
Vehicle Thefts Down 17% in 2024: NICB
The number of stolen vehicles has dropped to pre-pandemic levels in 2024, according to the National Insurance Crime Bureau's latest report. Nationwide, thefts decreased 17 percent from 2023 to 2024, ...
California Man Awarded $50M in Starbucks Hot Tea Lawsuit
A delivery driver has won $50 million in a lawsuit after being seriously burned when a Starbucks drink spilled in his lap at a California drive-through, court records show. A Los Angeles County jury ...
Wilson Promoted to CEO of Markel Insurance; Vice Chair Markel to Retire
Markel Group said early Monday that Simon Wilson is the new chief executive officer of Markel Insurance. Markel Insurance includes the company's primary underwriting businesses of Markel Specialty, ...