News
Canada’s 10 Worst Natural Disasters Totaled $30B in Annual Insured Losses
Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with severe flooding in major cities. Insured losses from natural ...
Maui Judge Agrees to Seek State Supreme Court Insight Into Ruling Limiting Insurers’ Subrogation Rights
The Hawaii Supreme Court will be asked to weigh in on an issue that threatens to thwart a $4 billion settlement in last year's devastating Maui wildfires. Judge Peter Cahill on Maui agreed Friday to ...
Allstate Approved to Raise Home Insurance Rates by 34% in Wildfire-Prone California
Allstate Corp. is set to increase home insurance rates for California customers by an average of 34.1 percent, marking the biggest jump in premiums for a major insurer in three years as the state ...
New Method Could Give Months’ Warning of Major Earthquakes
The public could have days or months of warning about a major earthquake through identification of prior low-level tectonic unrest over large areas, according to research by a University of Alaska ...Sunk Superyacht Likely to Cost Insurers at Least $150M, Sources Say
Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by ...
Wild Weather Week in US Included a Heat Wave, Landslide, Flash Flood and Snow
It's been a wild week of weather in many parts of the United States, from heat waves to snowstorms to flash floods. Here's a look at some of the weather events: Midwest sizzles under heat wave ...
Is Heat Causing Branches to Fall Off Trees? Scientists Aren’t Sure
In 2003, as Paris sweltered through a heat wave that would go on to kill an estimated 15,000 people across France, one oasis of cooler air remained off limits: the city's roughly 400 public parks. ...
World’s Largest Reinsurers: AM Best’s Latest Ranking…sort of
Every year around this time, AM Best publishes a single list of the "World's 50 Largest Reinsurers," ranked based on unaffiliated gross premiums recorded in the prior year. The latest installment, ...