News
Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B
A day after risk modeler CoreLogic put out a statement indicating a $35 to $45 billion range of insured losses for two major fires in California, Moody's RMS has published a lower range for five ...
Study Shows Some Buildings Along Miami Coastline Are Sinking
A study published last month revealed that 35 buildings along a Florida coastline are experiencing subsidence, a process where the ground sinks or settles, according to researchers at the University ...
P/C Insurance Market Profitability Expected to Continue Through 2026
A new industry report indicates the U.S. property/casualty (P/C) market in 2024 is forecast to have continued its trajectory of improving underwriting results, according to the Insurance Information ...
Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured
CoreLogic announced a preliminary range of insured loss estimates for the Eaton and Palisades Fires in Los Angeles, Calif., of $35 to $45 billion, but there are a lot of factors that could change the ...
As Climate Drives Rising Costs, Hawaii Lawmakers Vow to Stabilize Property Insurance Market
Hawaii lawmakers began a new legislative session Wednesday with a vow to try to stabilize the state's property insurance market as hurricanes, wildfires and other climate change-influenced disasters ...
WEF Survey: Conflict, Disinformation Join Weather as Top Global Risks
War is the top worry wracking the nerves of risk experts surveyed by the World Economic Forum, despite incoming US President Donald Trump's vow to end hostilities in Ukraine. "State-based armed ...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz
Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025. Cyber incidents, such as ransomware ...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
There has been some question about whether California's insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and ...