News
Southern California Edison Gear Ignited More Fires in 2024 Than Year Prior
Southern California Edison's equipment ignited nearly 60 percent more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent ...
Rebuilding Costs Rose More Than 60% in the Last Decade: Verisk
Over the past decade, there's been a dramatic increase in reconstruction costs, according to Trish Hopkinson, head of 360Value at Verisk. The 10-year analysis examined residential and commercial ...
New York Court Considers Sexual Abuse Lawsuit Standards
Lawyers sparred before New York's top court Wednesday over how specific a man alleging sexual abuse decades ago needs to be in his lawsuit against the state in a case that's being watched by ...
The Larger the Vehicle the More Dangerous, IIHS Study Finds
While conventional wisdom suggests the bigger the vehicle the safer, new research from the Insurance Institute for Highway Safety shows that's not necessarily true. IIHS has been studying crash ...
Casualty Reinsurance Still Attractive: Arch CEO
While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his ...
AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom
American International Group CEO Peter Zaffino used the insurer's fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year ...
Higher Turnover, Greater Stress Linked to Increase in Commercial Truck Crash Risk: Survey
A new survey finds that a majority (86 percent) of commercial drivers believe accident risk has increased in the last five years, according to global connected transportation solutions provider ...
Florida Announces Insurance Rate Reductions
Florida Governor Ron DeSantis offered an update on Florida's insurance market last week, noting significant progress in stabilizing rates. Citizens Property Insurance will reduce homeowners' ...