News
Homeowners’ Unexpected Repairs Doubled in 2024: Hippo
A new report by home insurance group Hippo finds that homeowners in the U.S are more proactive than ever when it comes to protecting their home against damage. The insurer released its third annual ...
P/C Insurers’ Stocks Drop as Los Angeles Wildfire Losses Mount
U.S. property and casualty insurance stocks slid in pre-market trading on Friday on worries over the billions of dollars in potential catastrophe-related claims from the wildfires menacing Los ...
Drought, Wind Speed Factors Driving Wildfires in Southern California
Southern California is experiencing its most devastating winter fires in more than four decades. Fires don't usually blaze at this time of year, but specific ingredients have come together to defy ...
Insured Losses From Los Angeles Wildfires Rising: $8B to $20B
With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure to become ...
Los Angeles Fires Become Existential Test for California’s Stopgap Insurer
The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California's massive ...
Insured Losses From Natural Disasters Hit $140B in 2024
Insurers saw the third most expensive year for natural catastrophe losses in 2024—reaching a total of $140 billion—as climate change "is showing its claws," according to Munich Re. Overall ...
Idaho Lab Trains Firefighters on EV Battery Safety
An EV battery workshop, held by the Idaho National Laboratory (INL) for firefighters from four eastern Idaho fire departments, highlighted the risks associated with electrical vehicle (EV) batteries. ...
Appeals Court Rules Pennsylvania Can Access Med Mal JUA Reserves
Last month, a federal appeals court reversed lower court decisions blocking the Pennsylvania state government from siphoning cash from a state-chartered medical malpractice insurer of last resort. ...