Hawaiian Electric Settles Fire Claims as Part of $4 Billion Deal Hawaiian Electric Industries Inc. has agreed to pay almost $2 billion as part of a $4 billion settlement to resolve... Read More
Good Faith Claim Handling in Fraud Investigations Insurance fraud is rampant. It is considered to be the second costliest white-collar crime in America after tax evasion, costing... Read More
California Wildfire Now State’s Fourth Largest on Record, 540 Structures Destroyed Firefighters have increased containment on the Park Fire near Chico, California, which at 621-square-miles as of Friday is now the... Read More
U.S. Judge Throws Out $4.7B Verdict Against NFL in ‘Sunday Ticket’ Lawsuit A U.S. judge in California on Thursday threw out a $4.7 billion verdict against the National Football League in a... Read More
Claim on Seized Hemp Shipment Barred, Showing Trickiness of Coverage International treaties preempt state-based legal actions, giving an air transport company an escape from claims on what a hemp producer... Read More
Are Captives the Answer for Uninsured HOAs? Utah Opens Door When actuary Greg Fears attended a Western Region Captive Insurance Conference in April, he expected to learn and share information... Read More
Fall Forecast Calls for Stubborn Heat, Increased Wildfire Risks, Severe Weather Summer heat is expected to last well into autumn across much of America, bringing an increased risk of wildfires and... Read More
Extreme Weather Sends Insured Losses 70% Above Historical Norms Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the... Read More
Wildfire in California Now State’s Fifth Largest on Record, Destroyed 277 Structures The Park Fire near Chico, California, at 609 square miles is now the fifth largest wildfire in history, destroying 277... Read More
AM Best: Migration to Cat-Prone States Fueled Record HO Underwriting Losses in 2023 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in... Read More