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...
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...