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,...
Verisk Estimates Global Modeled Insured Average Annual Loss from Nat Cats at $151B September 11, 2024 In the past five years, the annual insured losses from natural catastrophes averaged $106 billion, up from $83 billion in...
Red Lobster Landlord Sues Insurer to ‘Clawback’ $1.2M Fire Claim Payment September 11, 2024 By Andrew G. Simpson The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it...
In the Dark: Telling The Truth About Flooding Requires Accurate Maps and Strong Disclosure Laws September 10, 2024 By Joel Scata Hundreds of thousands of Americans already live in homes that have repeatedly flooded. To get a good handle on the...
Competition Fueled by Strong Cyber Insurance Profitability, Pricing Declines September 10, 2024 The cyber insurance market is being set up for continued strong growth, propelled by an increasing number of severe cyber-attacks,...
Fast-Growing California Wildfire Threatening 35,000 Structures September 9, 2024 A fast-growing wildfire in Southern California, has burned 27 square miles, forcing thousands to evacuate had is putting roughly 35,000...
Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 9, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...