News
Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report
Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers' credit profiles, according to credit agency Morningstar DBRS, in ...
CoreLogic: 2.6M U.S. Homes at Moderate to High Wildfire Risk
Changing weather patterns and extreme weather are factors leading to more frequent wildfires. New analysis indicates more than 2.6 million homes across 14 states are at moderate to very high risk of ...
U.S. Manufacturers Face Soaring Property Insurance Costs
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it's ...
U.S. Safety Agency Seeks Info From Tesla on Fatal Texas Cybertruck Crash
Federal safety authorities say they are seeking information on a crash and fire involving a Tesla Cybertruck that killed a driver of the futuristic new pickup. The National Highway Traffic Safety ...
Liberty Mutual’s ‘Deliberate Actions’ Keep It on Path to Profit
Liberty Mutual Holding Co. continued to put 2023's losses behind it and carefully manage growth in 2024, reporting consolidated net income of $717 million for the second quarter versus a net loss of ...
Labor Market Study: 14% of Carriers Plan to Reduce Headcount
Fourteen percent of insurance companies plan to reduce employee headcount in the next year, according to numbers from Aon and The Jacobson Group's latest insurance labor market study. Jeff Rieder, ...
Highly Active Atlantic Hurricane Season Still Expected
Federal forecasters are still predicting a highly active Atlantic hurricane season thanks to near-record sea surface temperatures and the possibility of La Nina, officials said Thursday. The National ...
Hurricane Season Highlights Decline of 3-Tab Asphalt Shingles Impacting Repair, Replacement
Despite millions of U.S. households with 3-tab asphalt roof shingles, fewer manufacturers are producing them, a potential dilemma amid hurricane season. The study conducted by itel of its own ...