News
Southeast U.S. on Hurricane Watch as Helene Surges Its Way
Hurricane watches were issued for parts of Cuba and Mexico on Monday as a cluster of storms south of the Cayman Islands was expected to strengthen into a major hurricane while moving north toward the ...
Risks Now in E&S Market May Be There to Stay: AM Best
In 2023 the U.S. surplus lines market for the first time surpassed the $100 billion mark in direct premiums written, and some of the risk that has found non-admitted insurers might stay there beyond ...
Northwest Residents Concerned About Wildfire, But About 25% Don’t Prepare
The majority of Washington and Oregon residents (82 percent) have some level of concern about growing wildfire dangers, but only about one-in-four are taking precautions to combat the impacts of ...
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P GMI
State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The ...
Insurance CEOs Talk Gen AI, Growth, Workforce Strategies
A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms than peers in other industries, according to a survey report published by ...
Hurricane John Makes Landfall in Mexico as Major Category 3 Storm
Hurricane John hit Mexico's southern Pacific coast late on Monday as a major category 3 storm, with authorities warning residents to protect themselves against potentially deadly storm surges and ...
Lowering Speed Limit May Not Slow Drivers: Study
A before-and-after study in one Minnesota city shows that changing posted speed limits may not—at least initially—cause drivers to slow down. "We know that physical modifications to a roadway ...
Survey: U.S. Homes Unprepared for Extreme Weather, Homeowners Prioritize Cosmetic Updates
A new survey shows that while 66 percent of U.S. homes have experienced weather-related damage, only one-third of homeowners have made improvements to safeguard their properties, according to Leaf ...