News
Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk
Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk's Extreme Event Solutions group ...
Former Triple-I Exec Alleges Retaliatory Firing; Axed After Testifying Against CEO In Bullying Case
A former employee of the Insurance Information Institute is suing his former boss and the organization's owners on allegations of discrimination and retaliation. Michael Barry, who worked at Triple-I ...
Insurance Execs See Gen AI Necessary To Compete; Customers Wary
Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations move from pilots in one or two areas to implementations in multiple ...
Progressive Retaining Helene, Milton Property Losses Net; Auto Over $0.7B
Progressive disclosed property and vehicle insurance loss estimates for Hurricanes Helene and Milton in conjunction with the carrier's report of third-quarter earnings yesterday, indicating it won't ...
Why Homeowners Insurers Are Losing Money: Roofs Matter, Not Just Rates
Rate hikes haven't been enough to bring profits to U.S. homeowners insurers, according to a new analysis from Aon, which finds that returns-on-equity for a group of homeowners insurers studied are ...
Hit by Helene? FEMA Extends Grace Period to Renew Lapsed Flood Policies
WASHINGTON (AP) — Residents in the states hit by Hurricane Helene who had coverage through the federal flood insurance program but let it lapse before the storm hit may be able to renew it and ...
Louisiana Least Affordable for Personal Auto Insurance: Study
Resulting from a combination of economic conditions, claims behavior and the state's litigation environment, Louisiana is the least affordable state in the nation for personal auto insurance, ...
Tornadoes Caused Damage Far From Hurricane Milton Landfall
Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn't worried about Hurricane Milton. The storm's center was forecast to make landfall ...