News
Florida’s Gulf Coast Begins Cleanup From Hurricane Idalia
Cleanup and recovery from Hurricane Idalia began on Thursday along Florida's Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that ...
Idalia Rumbled Ashore as Cat 3, Lashing Tallahassee and Much of Florida and Georgia
Just when parts of the property-casualty industry thought it was safe to re-enter the Florida market, Hurricane Idalia made landfall closer to the heavily populated Tallahassee area than expected and ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case
A federal judge in North Carolina has ruled against a Chubb subsidiary in its attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. ...
Financial Institutions Bank Heavily on Embedded Insurance
Interest in insurance digital offerings is growing significantly, especially by banks and fintechs, with the majority expecting digital products to comprise 10 percent or more of revenue within three ...
Hawaii Utility Admits Power Lines Started Fire, But Faults Others
Hawaii's electric utility acknowledged its power lines started a wildfire on Maui but faulted county firefighters for declaring the blaze contained and leaving the scene, only to have a second ...
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 ...