Hedge Funds Face California Rebuke Over Role in Wildfire Claims June 9, 2025 By Natasha White Hedge funds are facing pushback in California as their bets tied to insurance claims stemming from the Los Angeles wildfires...
State Farm Still Wants a 30% Rate Increase in California May 21, 2025 State Farm isn’t done seeking a rate increase in California, upping its request a week after getting the OK for...
APCIA Says Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims May 21, 2025 By Chad Hemenway The American Property Casualty Insurance Association chimed in to a recent Senate subcommittee hearing to defend the industry’s response to...
Insurers Paid $612M on Kansas Storm Damage Claims in 2024 May 8, 2025 Kansas Insurance Commissioner Vicki Schmidt released data last month on the amount paid by insurance companies for Kansas storm damage...
In The Wake of Devastating LA Fires, Residents Begin to Rebuild May 5, 2025 By Alex Veiga Nearly four months after wildfires reduced thousands of Los Angeles-area homes to rubble and ash, some residents are starting to...
Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses May 1, 2025 By Chad Hemenway Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due...
LA Fire Investigation Will Take a Year or More, Edison CEO Says May 1, 2025 The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine...
LA County Approves $4B Payout to Settle Sexual Abuse Claims at Juvenile Facilities May 1, 2025 Los Angeles County officials this week approved a $4 billion payout to settle nearly 7,000 claims of sexual abuse in...
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...