News
D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer
It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of renewals seeing flat or price increases for the first time in 18 months. ...
U.S. Property Insurance Rates Fall for First Time Since 2017
U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average U.S. property ...
Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say
The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions, early estimates published on Monday found, as the region braced for more ...
California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model
California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation's first public wildfire catastrophe model. The plan ...
Rising Home Insurance Rates Drive Increase in Policy Shopping, Drop in Customer Satisfaction
Homeowners and renters insurance costs now exceed both the rate of inflation and the average rate increases experienced by auto insurance customers during the past year, according to the latest J.D. ...
IIHS: Drivers Take Advantage of Partially Automated Vehicle Systems to Multitask
Drivers are more likely to multitask when using partial automation, and some manage to do so even while playing by the rules of the systems' attention requirements, new research from the Insurance ...
Report Finds No Evidence Hawaii Officials Prepared for Deadly Wildfire
Investigators reviewing the emergency response to last year's wildfire that killed 102 people on Maui said in a report released Friday they found "no evidence" Hawaii officials made preparations for ...
Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds
Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a phenomenon that compounds other risk factors for urban flooding. Of the more ...