News
Verisk Announces Wildfire Cat Model Under Review by CDI
Global analytics tech provider Verisk announced it has requested a review of its wildfire catastrophe model by the California Department of Insurance (CDI). This follows California Insurance ...
What to Know About the Meta Glasses Worn by the New Orleans Attacker
The man who drove a truck into a crowd of people in New Orleans on New Year's Day, killing 14, had previously scouted the French Quarter and recorded video with his Meta smart glasses, the FBI said. ...
China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet
China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. ...
Embracing Cloud, SaaS: A Strategic Move for Insurers
As widespread digitization continues to mold the bedrock of the insurance industry, insurers are increasingly adopting cloud computing and Software as a Service (SaaS) technologies with the promise ...
The Institutes, Kevelighan Fire Back at Retaliation Claims by Former Triple-I Employee
The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry. According to a ...
Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter
Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3 percent to 7.2 percent. Guy Carpenter ...
Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing
Moody's Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a ...
NWS Preliminary Estimate for 2024: More Than 5,300 Hail Events, 1,855 Tornadoes
Last year was eventful for weather in the United States, according to preliminary figures compiled by the National Weather Service. There were 1,855 documented tornadoes with an estimated 82 of them ...