News
Hurricanes Ranked by Highest Insured Losses in the U.S.
Insurers are bracing for heavy losses as Hurricane Idalia makes landfall in Florida's Big Bend region as an "extremely dangerous" Category 3 storm. The hurricane, which comes after a very expensive ...
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P
More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global ...
Hurricane Idalia Strikes Florida With Powerful Cat 3 Winds
Hurricane Idalia came ashore on Florida's west coast with destructive Category 3 winds, triggering blackouts and unleashing flooding rains and dangerous storm surge. Idalia's maximum sustained winds ...
2023 to Test Recent Growth in Private Flood Insurance Market
The private flood insurance market has been growing, but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the ...
Reinsurers Continue to Lead in Post-Pandemic Innovation
Innovation in the insurance industry, accelerated by COVID-19, has continued largely due to consumer appetite and market competition, according to a newly released report by AM Best. Predictive ...
Idalia Threatens Florida’s Gulf Coast With Storm Surges
Hurricane Idalia was strengthening on Tuesday as it lumbered toward Florida's Gulf Coast, where officials ordered evacuations and urged millions of residents to brace for a possible major Category 3 ...
Bare Wires, Leaning Electrical Poles Possible Cause of Deadly Maui Fires
In the first moments of the Maui fires, when high winds brought down power poles, slapping electrified wires to the dry grass below, there was a reason the flames erupted all at once in long, neat ...
Tile, Amazon Face Lawsuit From Stalking Victims Over Tracking Device Product
A tracking device called Tile may be effective in preventing its user from losing keys, a dog or a purse, but it is also a tool used by stalkers, according to two women who have filed a proposed ...