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,...
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...
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...
Getty Museum to Sell $500 Million of Debt for Fire Protection April 2, 2025 By Erin Hudson One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help...
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...
As Wildfire Season Nears, Budget Woes And Federal Uncertainty Puts State Plans at Risk March 28, 2025 By Martha Bellisle Budget woes, combined with cuts to the federal wildfire-fighting workforce and President Donald Trump’s tariff and sovereignty threats against Canada,...