Helping Maui Recover from Flames and Wildfire Prevention Top Hawaii Lawmaker Agenda January 16, 2024 By Audrey McAvoy Hawaii lawmakers are due to convene this week for the first time since the burning of historic Lahaina awakened the...
Natural Disasters Led to $250B in Global Losses Last Year January 12, 2024 By Stephan Kahl Extreme storms and other natural disasters cost the world about $250 billion of losses last year, with less than half...
Edison Raises California Fires Loss Estimate to $7.5 Billion November 3, 2021 By Mark Chediak Edison International’s Southern California Edison raised its estimated losses from 2017 and 2018 wildfires to $7.5 billion after reaching a...
Claims Process ‘Challenging’ as Insurers Suffer Record Winter Losses, Aon Says May 7, 2021 US insurers suffered record-breaking winter storm losses during the first quarter of 2021 while also grappling with several high-profile cyberattacks,...
BlackRock, Citi in $100 Million Fight Over Texas Storm Aftermath April 16, 2021 By Christian Berthelsen A Texas wind farm owned by BlackRock Inc. is locked in a $100 million court battle with Citigroup Inc. over...
Jewelry Losses From Crime Nearly Doubled in 2019, Defying Long-Term Trend December 10, 2020 By Claims Journal staff The value of losses from crimes against jewelers jumped by 89.1% in 2019 even though the number of thefts, burglaries...
Lloyd’s of London Sees Global Pandemic Insurance Losses Above Previous Estimate November 18, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had...
AIG’s Pandemic Losses Hit $730M for First Half of 2020 -CEO August 4, 2020 By Suzanne Barlyn Insurer American International Group Inc racked up $730 million in COVID-19-related losses during the first half of the year, its...
World’s Insurers Face $203 Billion Losses From Coronavirus May 14, 2020 By Benjamin Robertson Lloyd’s of London, the world’s largest insurance exchange, estimates the industry will suffer around $203 billion in losses from the...
Willis: COVID-19 Losses Offset by Reduced Claims for Auto Lines May 4, 2020 By Jim Sams If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole...