Six Presumed Dead After Bridge Collapse, as Port Disruptions Hit Cars to Coal March 27, 2024 By Nacha Cattan, Heather Perlberg and Brendan Murray The 1.6 mile-long bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks....
Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020 March 27, 2024 By Ryan Gallagher and Leslie Patton A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of...
Raging Storms Pushed Disaster Damages Above $100 Billion in 2023 March 26, 2024 By Leslie Kaufman Around the world, insured damages inflicted by natural catastrophes are climbing fast and set to double in roughly 10 years,...
2023 Underwriting Losses Improve but Persist in U.S. P/C Industry March 26, 2024 By Allen Laman and Susanne Sclafane The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM...
Minnesota Homeowners Insurance Complaints Rise on Denied Claims, Out-of-Pocket Costs March 25, 2024 Minnesota homeowners insurance complaints rose 108% from 2020 to 2023 on complaints from homeowners concerned their claims were denied or...
Corner Turned? Top Florida Insurers See First Profit in Seven Years, S&P Global Says March 22, 2024 By William Rabb Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a...
Possibility of a Billion-Dollar Systemic Cyber Event ‘Real’ March 22, 2024 By Jahna Jacobson A systemic event and the threat it could pose to insurers’ portfolios is not the million dollar question, but perhaps...
Indiana, West Virginia Pass New Restrictions on Third-Party Litigation Financing March 22, 2024 Efforts to rein in third-party litigation financing are on their way to becoming law in Indiana and West Virginia, a...
UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation March 22, 2024 By Carolyn Cohn Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the...
West Texas Ranchers Face Losses After Historic Wildfires March 21, 2024 By Jayme Lozano-Carver, The Texas Tribune There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several...