U.S.
Homeowners Insurers Argue for a 42% Average Rate Hike in North Carolina
With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began last Monday on the insurance industry's request to raise homeowner premium ...
Verisk Estimates Up to $11B in Insured Losses From Hurricane Helene
The Extreme Event Solutions group at Verisk estimates insured losses due to wind, storm surge and flood in the U.S. for Hurricane Helene will range between $6 billion to $11 billion. This figure does ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Study: E-bike and Powered Scooter Injuries Soar
Electric bike and powered scooter injuries surged between 2019 and 2022 by 293 percent and 88 percent, respectively, according to Columbia University's Mailman School of Public Health. The findings, ...
U.S. P/C Insurers’ See Slump in Shares as Hurricane Season Losses Mount
U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida's western coast, marking yet another costly ...
Hurricane Milton Barrels Toward Florida With 165 MPH Winds
Milton, the Atlantic's strongest hurricane this year, is set to approach the Florida peninsula as a catastrophic Category 5 storm, bearing down on a region still struggling to recover from Helene's ...
AM Best: Temporary Extension Protects NFIP Through Hurricane Season, Private Flood Insurers Wary
Though the U.S. Congress has agreed to a short-term extension of the National Flood Insurance Plan (NFIP) in the wake of repeated hurricanes, any long-term solution to the troubled federal program ...
Hurricane Milton Ramping Up to Cat 5
The latest advisory from the National Hurricane Center indicates Hurricane Milton is rapidly intensifying and is expected to reach Category 5 later today. Current maximum sustained winds are 155 MPH, ...
Uber, Lyft Bid to Avoid California Driver Lawsuits Over Misclassification Rebuffed by U.S. Supreme Court
The U.S. Supreme Court declined on Monday to hear a challenge by Uber and Lyft to lawsuits by the state of California on behalf of drivers who signed agreements to keep legal disputes with the ...