Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Huebner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
Florida Wants More Claims Data, Warns Insurers About Concurrent Causation Denials February 26, 2025 By William Rabb As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new...
Zurich Insurance Sees $200 Million LA Wildfire Loss February 21, 2025 By Noele Illien Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported...
Airbnb Billionaire Plans Factory-Built Homes for LA Fire Victims February 20, 2025 By John Gittelsohn Billionaire Joe Gebbia, the co-founder of Airbnb Inc. and a board member of Elon Musk’s Tesla Inc., plans to donate...
Claims Handling Accounts for Large Share of Insurance Complaints, Poll Shows February 20, 2025 Claims handling continues to be one of the biggest sticking points in the insurance process, a new report shows. Complaints...
Farmers Estimates $600M in Losses from LA Wildfires February 19, 2025 Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600...
Auto And Property Insurance Shopping Saw 20% Spikes in 4Q 2024, Report Shows February 19, 2025 Auto and property insurance shopping experienced 20% year-over-year increases in the fourth quarter of 2024, a new report shows. TransUnion’s...
Insurers Have Now Paid out $6.9B for LA Wildfires, Report Shows February 13, 2025 Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los...
Mercury Expects to Lose $1.6B to $2B from LA Wildfires February 13, 2025 By Susanne Sclafane Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation...
Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires February 11, 2025 Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers...