U.S.
Lightning Caused $952M in Homeowners Claims in 2022, Decline from 2021
More than $950 million was paid to more than 62,000 U.S. homeowners insurance claims in 2022, according to analysis released last month by the Insurance Information Institute (Triple-I). At least ...Kin Enters Southwestern U.S. Market
Kin, a direct-to-consumer residential property insurer, announced its expansion into Arizona. The Grand Canyon State marks Kin's first move into the U.S. Southwest, building upon the company's growth ...
FTC Investigates OpenAI Over Misleading Statements
The Federal Trade Commission (FTC) has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest ...
Insurers Sue Energy Corp. to Recoup Colorado Wildfire Claims Payments
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed ...
Property Insurers’ Ratings Under Pressure as Risk Rises
The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said ...
Top 10 Most Recession-Proof States in 2023
Cold, upper Midwest states are the most capable of withstanding a potential recession later this year, according to a new report by NationalBusinessCapital.com, a fintech lending platform for ...
Some 2003 Ram Pickup Owners Urged Not to Drive Them After Another Airbag Inflator Death
Stellantis and the U.S. government are urging the owners of some 2003 Dodge Ram pickups to stop driving them after a passenger was killed by an exploding Takata airbag inflator. The company says ...
Farmers Insurance Further Reducing Florida Business
One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the hurricane-prone state. The Florida ...