News
State Farm’s Emergency Homeowners Rate Hike Gets OK in California
State Farm General can move ahead with a proposal to raise California homeowners rates on an emergency interim basis, following years of financial stresses that depleted its surplus and billions of ...
The Latest Launches: Chubb, Zurich, FM, QBE NA and More
The biggest news of this year's Berkshire Hathaway annual meeting came during the last few minutes, when Chair Warren Buffett made a surprise announcement that he would recommend the CEO reins be ...
2024 P/C Insurance Combined Ratio: Best in More Than a Decade
With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry's aggregate 2024 combined ratio was 96.5—marking the lowest ...
Bermuda Absorbed $10B of California’s Wildfire Losses
According to data collected by the Bermuda Monetary Authority, Bermuda's insurers and reinsurers expect to pay nearly $10 billion in gross claims to U.S. policyholders and cedents for claims from the ...
FEMA Cuts Emergency Training Ahead of Hurricane Season
The U.S. federal disaster agency FEMA has sharply reduced training for state and local emergency managers ahead of the start of the hurricane season on June 1, according to current and former ...
Free Calculator Helps Businesses Estimate Their Cyber Risk
A new cyber risk calculator offers organizations a chance to review their risk in financial terms, according to its creator Resilience, a company offering cyber risk products to fit the needs of ...
California Regulator Weakens AI Rules, Tracking Safeguards
California's first-in-the-nation privacy agency is retreating from an attempt to regulate artificial intelligence and other forms of computer automation. The California Privacy Protection Agency was ...
Commercial Property Customers Cutting Insurance Corners Despite Risk
As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks and coverage to get more build for their buck. The new ...