News
Verisk Launches Next Generation Catastrophe Models
Verisk, the Jersey City, N.J.-based data analytics and technology provider, has launched a suite of next generation catastrophe models. Verisk's suite of 100+ Next Generation Models (NGM) is designed ...
Inflation Contributes to Rising Loss Costs for U.S. Commercial P/C Insurers: Fitch
Inflation is bringing rising loss costs for U.S. commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three U.S. insurers — Cincinnati Financial Corp., HCC ...
Brazen $30M Los Angeles Cash Heist Explained
A brazen Los Angeles cash heist on Easter weekend in which thieves cracked a safe and got away with as much as $30 million is believed to be one of the largest such heists in U.S. history. The heist ...
NICB: 2023 Was Another Record-Breaking Year for Vehicle Thefts
Vehicle thefts continue to surge nationwide, according to a new report released by the National Insurance Crime Bureau (NICB). More than one million vehicles were reported stolen, and overall vehicle ...
NAIC Adopts Climate Resilience Strategy to Close Coverage Gaps, Improve Disaster Recovery
To assist property insurers in reducing losses and speeding up recovery from natural disasters, the National Association of Insurance Commissioners' (NAIC) adopted the first-ever National Climate ...
Salvage Crews Begin Removing Cargo From Ship After Baltimore Bridge Collapse
Salvage crews on Sunday began removing containers from the deck of the cargo ship that crashed into and collapsed the Francis Scott Key Bridge in Baltimore, an important step toward the full ...
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance
Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes. But here is something riskier still: ...
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures
Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning to expand in metallurgical coal mining. The restrictions also entail asking the ...