Moody’s: Private Market Insured Losses From Francine Won’t Exceed $2B September 18, 2024 U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team...
European Cities Brace for Peak of Floods as Cleanup Starts September 18, 2024 By Marton Eder, Piotr Bujnicki, Kevin Whitelaw and Irina Vilcu Cities from Budapest to Wroclaw in Poland are racing to build up their defenses as floodwaters peak over the coming...
Top of Travelers’ List of Most Common Wedding Insurance Claims Not So Surprising September 18, 2024 When something goes wrong at a wedding and a claim is filed, one of the most common reasons behind the...
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...
Coastal Carolina Gets 1,000-Year Rainfall Event From Storm System September 17, 2024 Parts of North Carolina saw something Monday that has not been seen in hundreds, or perhaps 1,000 years – 18...
Hurricane Francine Losses Expected to be Manageable for Insurers September 16, 2024 Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst...
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...
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...
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...