U.S. Property Insurance Rates Fall for First Time Since 2017 September 18, 2024 By Alexandre Rajbhandari U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid...
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk September 17, 2024 By Alex Longley Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers...
Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses September 16, 2024 By Mark Chediak No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control...
A Continent Ablaze: South America Surpasses Record for Fires September 13, 2024 By ake Spring and Stefanie Eschenbacher South America is being ravaged by fire from Brazil’s Amazon rainforest through the world’s largest wetlands to dry forests in...
Microsoft, Cyber Firms Pursue Changes After CrowdStrike Outage September 13, 2024 By Jake Bleiberg Microsoft Corp. said it’s building an alternative for cybersecurity companies that now utilize the deepest layer of its operating system...
How Big Was the Cat? Investigator Warns About Claims of Clogged Toilets September 13, 2024 By William Rabb Did you hear the one about cat poop clogging a toilet, resulting in thousands of gallons of sewage water in...
Estimates Put U.S. Damage and Loss from Francine at $9B with $1.5B in Insured Losses September 12, 2024 A preliminary estimate shows total damage and economic loss from Hurricane Francine in the U.S. is expected to be $9...
Francine Knocks Out Power to Hundreds of Thousands in South September 12, 2024 By Brian K. Sullivan Francine knocked out power to more than 400,000 homes and businesses and canceled hundreds of flights across the US South...
U.S. Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023, Report Shows September 12, 2024 By L.S. Howard U.S. nuclear verdicts are breaking records with 27 court cases each awarding compensation of more than $100 million during 2023,...
Hurricane Debby Florida Losses Top $121M; 60% of Claims Closed September 11, 2024 A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000,...