News
Hurricanes Helene, Milton Likely to Be $50B Disasters; Much Uninsured
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, ...
The Latest Hurricane Milton Insured Loss Estimates: $17B-$50B
Catastrophe risk modelers delivered a wide range of estimates of insured losses from Hurricane Milton this week—ranging from a low of $17 billion to a high of $50 billion. Estimates as of Oct. 17 ...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M For Helene
Allstate Corp. doesn't announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In keeping with its initiative to announce monthly ...
Travelers Triples Q3 Net Income, Reverses Underwriting Loss
Travelers on Thursday said third-quarter net income was $1.26 billion compared to net income of $454 million during the same period a year ago on record net premiums, favorable prior year reserve ...
The ‘Waffle House Index’ Helps Residents, FEMA Gauge Storm Severity
Golden hashbrowns, gravy-smothered biscuits and crispy waffles with a hearty helping of maple syrup are among the classic Southern comfort foods. But when hurricanes tear through Southeastern towns, ...
The Data Behind Rising Homeowners Premiums: By Peril and By State
The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual ...
Year-To-Date Natural Disaster Costs Below Average; Frequency Up: Report
Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re's latest Nat Cat report. The ...
Google Endorses Bill to Reveal Funders Backing Lawsuits
Google is endorsing a bill that would require people filing lawsuits to disclose who will be paying for— and profiting from—the litigation. The bill, introduced last week by California Republican ...