Senate Says Climate Is Driving Insurance Non-renewals; Industry Strikes Back December 19, 2024 By Chad Hemenway The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is...
US Government Tells Officials to Ditch Regular Calls And Texts Following Telecom Hack December 19, 2024 By Raphael Satter and AJ Vicens The U.S. government is urging senior government officials and politicians to ditch phone calls and text messages following intrusions at...
European Central Bank Pitches Plan to Boost Coverage for Climate Losses December 18, 2024 By Gautam Naik The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms...
Disaster Insurance Set to Test Italy’s Business Backbone in 2025 December 17, 2024 By Alberto Chiumento and Andrea Mandala Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some...
Nearly 1,000 Feared Dead After Cyclone Hits France’s Mayotte December 16, 2024 By Peter Martin Local officials in the French territory Mayotte fear as many as 1,000 people have died after Tropical Cyclone Chido hit...
Farmers Now Eyeing California Favorably and Will Expand Its Coverage Options December 11, 2024 Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers....
Survey: How Communication Affects Satisfaction in Auto Claims Process December 10, 2024 Drivers who have had their car declared a total loss are noticeably impacted by how carriers communicate them. That’s according...
Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run December 10, 2024 By Gautam Naik After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase...
Moody’s: Northeast U.S. States in the Wildfire Spotlight December 10, 2024 By Firas Saleh States such as California are certainly experiencing a more ferocious wildfire season this year than a relatively quiet 2023. Combined...
Mississippi High Court Tells USAA to Pay up in Hurricane Katrina Bad-Faith Claim December 9, 2024 By William Rabb When hurricanes hit coastal areas, property insurers often breathe a sigh of relief when much of the damage appears to...