News
Katrina 2005-2025: Property Policy Evolution
Hurricane Katrina made landfall on August 29, 2005, with the eye of the Category 3 hurricane centered on Bay St. Louis, Miss., though the storm is remembered largely because of the devastation to New ...
20 Years Later, Hurricane Katrina’s Impact Echoes in Models, Mitigation and Reforms
Twenty years after Hurricane Katrina swamped parts of Louisiana and Mississippi, the property insurance sector is better prepared for another catastrophic storm and the litigation that may follow, ...
Crum & Forster Upgraded to A+; Aspen, Sompo Ratings Under Review
Notable announcements on insurance company financial strength ratings last week included AM Best's upgrade of Crum & Forster Insurance Group, and various rating agency announcements about a ...
Texas, California Lead States in Cargo Theft Activity Over Labor Day Weekend
New analysis indicates cargo theft reaches new heights during Labor Day weekend, according to Verisk CargoNet. Labor Day thefts over the past five years have shown an escalation in theft over the ...
Tesla and Waymo’s Different Robotaxi Approaches Will Shape the Industry
A month after Tesla launched a trial robotaxi service in Austin, Texas, in June for select fans, CEO Elon Musk told investors that the company's driverless taxis would likely be available to "half ...
Rebuilding Continues 20 Years After Hurricane Katrina
Rocking on his front porch overlooking the Mississippi Sound, former Gulfport Mayor Billy Hewes questions how anyone wouldn't want to live there. "People are always going to gravitate to the water," ...
Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access
Sompo Holdings said a wholly owned subsidiary of Sompo International Holdings has an agreement in place to acquire Aspen Insurance Holdings for about $3.5 billion to further its geographical reach ...
Cyber Outlook Report Finds Gaps, Outlines Holistic Approach to Protections
As the cyber market matures, it's increasingly evident that fighting off cyber attacks is going to be an ongoing team effort. Brokers, carriers, cybersecurity organizations and insureds all play a ...