The 2024 hurricane season presented challenges for insurers thanks largely to hurricanes Beryl, Helene, and Milton—the three powerful storms caused...
insured losses News
Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported...
Billionaire Joe Gebbia, the co-founder of Airbnb Inc. and a board member of Elon Musk’s Tesla Inc., plans to donate...
Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600...
California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a...
Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that...
Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los...
Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation...
American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but...
Edison International’s utility is looking at whether a power line retired in 1971 started the Eaton wildfire as part of...