Editor's Picks News FEMA to Borrow $2B to Pay Flood Claims After Hurricanes Helene and Milton The Federal Emergency Management Agency said it needs to borrow $2 billion from the U.S. Treasury to cover claims from... Read More
News AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but... Read More
Editor's Picks News Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in... Read More
Editor's Picks News Settlements Eclipse $40B in 2024 as PFAS, Reverse Discrimination Claims Emerge Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400... Read More
News Senate Says Climate Is Driving Insurance Non-renewals; Industry Strikes Back The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is... Read More
News US House Task Force Releases ‘Blueprint’ for Federal AI Responsibility A U.S. House of Representatives task force on artificial intelligence on Tuesday released a report of more than 250 pages... Read More
Editor's Picks News Advocacy Groups Ask FIO to Release Homeowners Insurance Data Collected by NAIC A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Insurance Office to release homeowners... Read More
Editor's Picks News After Tens of Billions in Insured Losses, Record-Breaking Hurricane Season Ends The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record,... Read More
Editor's Picks News AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’ Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to... Read More
Editor's Picks News Allstate Insurers Sue Hyundai, Kia to Pay for Claims From Defective Cars A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid... Read More