Accuweather Predicts Above-Average 2024 Atlantic Hurricane Season March 28, 2024 Accuweather meteorologists are predicting an above-average Atlantic hurricane season with as many as 20-25 named storms. The 2024 hurricane season...
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,...
Weathering the Storm: The Impact of Climate-Driven Risk Reassessments on the Housing Market March 25, 2024 By Travis Hodges One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally...
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...
Louisiana Commissioner Temple Seeks $20M for Fortify Homes Program March 11, 2024 By Ezra Amacher Louisiana Insurance Commissioner Tim Temple expects lawmakers to allocate at least $20 million to the Lousiana Fortify Homes Program during...
AM Best Reports US P/C Industry Underwriting Loss Reaches 10-Year High March 7, 2024 Industry rating agency AM Best said the U.S. property/casualty industry’s underwriting loss for 2023 reached a 10-year high of $38...
Ohio on Tornado Watch After Storms Sweep Midwest: Weather Watch February 28, 2024 By Brian K. Sullivan Eleven tornadoes were reported across the Midwest, with five coming in Illinois, four in Ohio and two in Michigan, the...
Risk Models Behind World’s Best Hedge Fund Strategy Are Getting a Lot Harder to Crack February 26, 2024 By Gautam Naik and Sheryl Tian Tong Lee As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on...
CoreLogic: 2-inch-Plus Hail Fell on 10M U.S. Homes in 2023 February 22, 2024 Last year saw 141 days with large hail (2 inch or greater)—the highest number of days in 20 years, according...
Allstate Reports $276M in January Cat Losses, Updates Rate Increases February 15, 2024 By Chad Hemenway Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Illinois-based insurer reached its $150 million...