News
‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
A January 2025 report from the Geneva Association, titled Insurance in a Fragmented World Economy, found that geopolitical tensions have driven the global economy toward "geoeconomic fragmentation." ...
Travelers Posts 28% Increase in Q4 Net Income
The Travelers Cos. said fourth-quarter 2024 and full-year net income increased 28 percent and 67 percent, respectively, on strong underlying underwriting results. Travelers posted fourth-quarter net ...
The Latest LA Wildfire Loss Estimates: Verisk’s Range Is $28B-$35B
The Extreme Event Solutions group at Verisk has estimated that insured industry losses to property for the Palisades and Eaton fires together will fall between $28 billion and $35 billion. Verisk's ...
More Than Half of Job Seekers Look for Change in Industry, Career Mobility
Gen Z and millennials lead U.S. job seekers eager to switch industries (56 percent) or functions (52 percent), highlighting a significant trend in career mobility, according to a recent Express ...
Southern California Wildfires Spark Interest in Natural Building Materials
Marialyce Pedersen stood in a white Tyvek suit on her Altadena, California, lot leveled by this month's wildfires. Her house was reduced to ash that spilled into the pool, turning the water a toxic ...
California Years Behind in Implementing Defensible Space Law
Reeling from destructive wildfires, including the deadliest in California history, state lawmakers in 2020 passed new requirements for clearing combustible materials like dead plants and wooden ...
Damaging Megadroughts Are Spreading Around the World
Severe drought conditions have helped fuel the Los Angeles wildfires. But a recent study, published in the journal Nature, comes with a warning: Climate change is making catastrophic, multiyear ...
New York, New England Surplus Lines Insurance Groups Merge
The Professional Insurance Wholesalers Association (PIWA) and the New England Surplus Lines Association have merged. The combined organization will operate under the PIWA name and serve ...