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...
The Problem(s) With Hail Claims – Part 3 July 18, 2024 By Bill Wilson Read the first part in this series, The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and...
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...
Vermont Seeks Federal Damage Assessment for Floods Caused by Hurricane Beryl’s Remnants July 17, 2024 By Lisa Rathke Vermont is seeking an assessment to determine whether last week’s flooding, which damaged homes, knocked down bridges and washed out...
Houston Set for Dangerous Heat as Power Outages Top 2 Million July 9, 2024 By Millie Munshi Houston is set for a dangerous bout of heat as more than 2 million homes and businesses remain without power...
State Farm Seeking Large Rate Increases in Wildfire-Prone California July 3, 2024 By Don Jergler and Chad Hemenway State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7%...
U.S. P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red July 3, 2024 By Chad Hemenway For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion...
U.S. Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair July 2, 2024 By Leslie Kaufman This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers...
Allstate, Nationwide Post Dramatic First Quarter Homeowners Loss Ratio Drops July 1, 2024 In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below...