News
KCC Estimates Hurricane Helene Insured Losses at $6.4B
Karen Clark & Co. estimates that the privately insured loss from Hurricane Helene will be close to $6.4 billion from wind, storm surge and inland flooding across nine states. The estimate ...
Central European Floods to Cost Insurers $2.2B to $3.4B: Verisk
Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to ...
Dellwood Insurance Says AIG’s ‘Ginned-Up Claims’ Must Be Dismissed
The legal squabble between American International Group (AIG) and a startup formed by some former employees continued this week with another filing from Dellwood Insurance Group in support of its ...
University of California Purchases Sensor-Triggered Earthquake Parametric Policy
What is being called the first sensor-triggered earthquake parametric insurance policy in the U.S. was purchased by The University of California. Liberty Mutual Reinsurance, part of Liberty Mutual ...
More Drivers See Benefit of Keeping Lane Departure Prevention Systems On
Almost 9 out of 10 drivers of vehicles equipped with lane departure warning and prevention systems now keep them switched on, according to a new study from the Insurance Institute for Highway Safety. ...
U.S. Small Businesses See Job Growth Moderate Slightly in September
The national jobs index moderated slightly in September (99.84) but has averaged 100.31 so far in 2024, representing modest employment growth, according to the Paychex Small Business Employment Watch ...
Helene, Other Storms Dumped 40 Trillion Gallons of Rain
More than 40 trillion gallons of rain drenched the Southeast United States in the last week from Hurricane Helene and a run-of-the-mill rainstorm that sloshed in ahead of it — an unheard of amount ...
U.S. East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation's ocean shipping ...