How California’s Homeowners Insurance Crisis is Affecting Brokers July 24, 2024 By Don Jergler A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more...
U.S. Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re July 23, 2024 By L.S. Howard U.S. severe convective storms continued to drive global natural catastrophe losses during the first half of 2024. Of the estimated...
Hawaiian Electric Among Firms Eyeing $4B Maui Fire Deal July 19, 2024 By Jef Feeley and Mark Chediak Hawaiian Electric Industries Inc. is among the companies that have tentatively agreed to pay more than $4 billion to resolve...
Record Flooding and Tornadoes This Spring in Iowa Caused $130M in Damage July 18, 2024 By Hannah Fingerhut and Todd Richmond DES MOINES, Iowa (AP) — Record flooding and powerful tornadoes ravaged parts of Iowa for weeks this spring, destroying or...
Rebuilding After Hurricanes is Complex, Can Change Character of a Community July 18, 2024 Before Hurricane Idalia smashed into a small fishing village in northwestern Florida, Charles Long, 68, was fixing up a two-bedroom...
CenterPoint Sued Over Hurricane Beryl Power Outages in Houston July 17, 2024 By Madlin Mekelburg A group of Houston restaurants that lost power for days after Hurricane Beryl sued the city’s main utility, accusing CenterPoint...
Hurricane Beryl Caused $2.5-$4.5B in Estimated Insured Losses, Says Moody’s July 16, 2024 By Ezra Amacher U.S. insured losses from Hurricane Beryl will likely fall between $2.5 billion to $4.5 billion, according to estimates by Moody’s...
Just a Category 1 Hurricane? Don’t Be Fooled by A Number July 15, 2024 By Brendan Farrington Here’s a troubling phrase hurricane forecasters hate but often hear: “It’s just a Category 1. Nothing to worry about.” Or...
Insurers See Minimal Impact From Hurricane Beryl, but They’re Bracing for an Active Season July 12, 2024 By Ezra Amacher Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing...
Damage From Hurricane Beryl May Cost Insurers $2.7B in U.S., Modeler Says July 11, 2024 By Noor Zainab Hussain Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe...