News
Insurer Payouts Now at $12B for LA Wildfires, Report Shows
Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes ...
Firms That Issue Green Bonds Better at Tackling Emissions: Study
Companies that issue green bonds tend to be better at reducing their greenhouse gas emissions, especially in heavily polluting sectors, new analysis from the Bank for International Settlements has ...
New Storm Could Spawn Tornadoes in the South, Blizzard in Northern States
A potent storm system is expected to pour heavy rain on western states later this week before rumbling into the central United States, where it could spawn tornadoes in the South and dump heavy snow ...
Lloyd’s Said It Will Lose $2.3B From LA Wildfires
Lloyd's this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number of companies that have paid out more than $1 billion in losses from the catastrophe. ...
Regulators Ask Gallagher for More Information on $13.4B AssuredPartners Acquisition
Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc. ...
FTC: Consumers Lost $12.5 Billion to Investment, Other Scammers in 2024
Consumers lost more than $12.5 billion to fraud in 2024, which represents a 25 percent increase over the prior year, according to newly released Federal Trade Commission data. The FTC said while the ...
Berkshire, Progressive Are 2024 Underwriting Profit Leaders; Industry Income Record
S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing ...
Loss Uncertainty High Amid ‘Rapid Softening’: Liberty Mutual Exec
Using terminology that's more common among weather forecasters and catastrophe event modelers, a commercial lines insurance executive described an increasingly uncertain risk landscape uncomfortably ...