Insurers May Face $145 Billion in Catastrophe Losses in 2025 April 29, 2025 By Gautam Naik Insured losses from natural catastrophes could soar to $145 billion this year — well above the 10-year average — as...
Aon Reports Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B April 22, 2025 Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025, with...
LA Wildfires Had Little Impact on Reinsurer Risk Appetite During April Renewals April 10, 2025 By L.S. Howard Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for U.S. reinsurance buyers, despite the record losses...
Tariffs Threaten to Push US Home Insurance Rates Even Higher April 8, 2025 By Leslie Kaufman With the Los Angeles fires in January and last week’s severe storms that brought flooding and tornadoes to the Midwest,...
AccuWeather: Severe Storms in Central US Cause $80-90B in Damages, Economic Loss April 7, 2025 A multiday severe weather outbreak in the central U.S. caused an estimated $80 billion to $90 billion in total damage...
Hedge Funds Are Hunting Deals in Risks Too Big for Insurers April 7, 2025 By Natasha White As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set...
AI Beats Traditional Weather Models in Forecasting Wildfires April 3, 2025 By Joe Wertz Artificial intelligence is improving the accuracy of fire forecasts made by Europe’s top intergovernmental weather center. Traditional fire forecasts are...
Bill to Beef up Claims Paying Capacity for California FAIR Plan Moving Through Legislature April 2, 2025 A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way...
Smoke Damage from LA Wildfires Leaves Questions to Be Answered April 2, 2025 By Patrick Wraight The question has come up wondering if smoke damage is covered for those homes that were impacted by the Los...
State Farm Has Paid $2.5 Billion in Claims for LA Wildfires March 28, 2025 By Don Jergler State Farm has reported paying out $2.5 billion for the Los Angeles wildfires in January, more than double what the...