News
Hurricane Ian Threatens Heavy Losses for Catastrophe Bondholders
Investors who backstop Florida's insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and ...
Insurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk
The global insurance industry should be prepared for insured losses from natural catastrophes well in excess of $100 billion every year, according to the 2022 Global Modeled Catastrophe Losses Report ...
Ian Likely To Become One of the Costliest U.S. Hurricanes
With maximum sustained winds of 150 mph at just after 3 p.m. on Sept. 28, Hurricane Ian was just shy of Category 5 status when it made landfall in Cayo Costa, Fla. Ian, in line to be one of the ...
Gun Violence Costs the U.S. $557 Billion a Year
Gun violence that causes tens of thousands of U.S. deaths each year — far more than any other developed nation — is having a significant, negative impact on the country's economy, Harvard Medical ...
U.S. Starts Criminal Probe Into PG&E Role in California Wildfire
Federal officials have initiated a criminal investigation into PG&E Corp.'s potential role in starting California's largest wildfire of the year. On Sept. 24, the U.S. Forest Service removed one ...
Viewpoint: Significant Ruling in PFAS Litigation Could Impact Insurance Coverage
Per- and poly-fluoroalkyl substances, commonly known as PFAS, have served as a key component in numerous industrial and consumer products for decades. These "forever chemicals," which have been ...
Hurricane Ian Turning Toward Tampa Area and $258B in Replacement Value
Florida property insurance experts have long warned that a powerful hurricane strike on a major metropolitan area could result in catastrophic losses and the insolvency of more carriers. Those ...
Many Americans Apprehensive About Self-Driving Cars: Study
The majority of Americans (76 percent) say they would feel less safe driving or riding in cars with self-driving features. Similarly, 73 percent of people would feel less safe knowing others on the ...