California Insurance Commissioner Provisionally OKs State Farm’s 22% Rate Request March 14, 2025 By Don Jergler California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim homeowners insurance rate hike, the California...
Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2B March 4, 2025 By Chad Hemenway and Don Jergler Insurance brokerage Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Woodruff Sawyer for $1.2 billion. Andy...
US GDP Could Take a Big Hit From Climate Change by 2100, Study Shows February 28, 2025 By Don Jergler A working paper from the U.S. Congressional Budget Office recently estimated the distribution of changes in gross domestic product in...
California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims February 11, 2025 By Don Jergler California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers...
Climate Risks Again Top List of Risk Manager Worries February 7, 2025 By Don Jergler Climate risks, disruptive technology and geopolitical instability are what worry risk managers most, according to a joint survey from the...
USAA Becomes 3rd Insurer to Report $1B-Plus in Claims So Far for LA Wildfires February 5, 2025 By Don Jergler USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report...
Insurance Payouts at $4 Billion and Counting for LA Wildfires January 30, 2025 By Don Jergler Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the...
LA Wildfires by the Numbers: Insured Losses, Total Losses, Ratings, Rates January 24, 2025 By Don Jergler The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on...
Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action January 17, 2025 By Don Jergler Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss...
The Most Important LA Wildfire Stories to Know About January 10, 2025 By Don Jergler As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of...