Japan Issued Its First ‘Megaquake’ Warning After Powerful Tremor August 9, 2024 By Shoko Oda An earthquake off the coast of Japan’s southern island of Kyushu prompted the government to issue its first-ever warning for...
Gallagher Re: Insured Losses From Hurricane Debby to Be ‘Very Manageable’ August 9, 2024 By Niket Nishant Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure...
California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents August 8, 2024 California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than...
Insurer’s Lack of Repairs Caused Woman’s Death After Ian, Florida Lawsuit Says August 8, 2024 By William Rabb Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous...
Storm Debby Threatens Carolinas With Possible Floods, Tornados August 6, 2024 By Brian K. Sullivan Tropical Storm Debby is meandering through Georgia and South Carolina this morning, bringing as much as 25 inches (63.5 centimeters)...
Hurricane Debby Threatens to Flood U.S. East After Hitting Florida August 5, 2024 By Brian K. Sullivan Hurricane Debby threatens to unleash days of heavy rain and flooding on the US East Coast after slamming into Florida...
Hawaiian Electric Settles Fire Claims as Part of $4 Billion Deal August 5, 2024 By Mark Chediak Hawaiian Electric Industries Inc. has agreed to pay almost $2 billion as part of a $4 billion settlement to resolve...
California Wildfire Now State’s Fourth Largest on Record, 540 Structures Destroyed August 2, 2024 Firefighters have increased containment on the Park Fire near Chico, California, which at 621-square-miles as of Friday is now the...
Allianz: $15B in Aviation Insurance Claims Dominated by Crashes and Collisions August 2, 2024 An analysis of 32,000 aviation industry claims over five years shows crashes and collisions account for well over half the...
Hurricane Would Blow Through Florida Cat Fund’s Reserves. But That May be OK, Report Says August 1, 2024 By William Rabb A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s...