U.S.
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 ...
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 ...
Climate Change at Forefront of U.S. Presidential Campaign After Hurricane Helene
The devastation wrought by Hurricane Helene has brought climate change to the forefront of the presidential campaign after the issue lingered on the margins for months. Vice President Kamala Harris ...
Florida Readies for Major Hurricane Milton
Florida prepared on Sunday for its largest evacuation since 2017 as Hurricane Milton intensified in the Gulf of Mexico on its path toward the U.S. state's western coast, ...
Insurers See Decline in Private Equity Income Despite Investing More: AM Best
Despite increasing private equity investments, U.S. insurers experienced a second straight year of declining income on those investments, which dropped to $7.7 billion in 2023, down from $10.2 ...