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With LA Wildfire Suits Looming, Edison Beats Estimates on Lower Expenses and Rate Hikes
Apr 30 2025 // Edison International beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from lower operating and interest expenses and higher rates for its services. Lower interest rates reduce...
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses
Apr 30 2025 // Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment returns, the insurer said on Tuesday. The results mirror those...
LA Utility Returns to Muni Market for First Time Since Wildfires
Apr 30 2025 // The Los Angeles Department of Water and Power is returning to the municipal bond market with a $1 billion offering, roughly three months after shelving a sale in the immediate wake of historic wildfires that began burning...
New Jersey Wildfire 75% Contained; Crews to Remain on Scene Until ‘Significant’ Rain
Apr 29 2025 // The New Jersey Forest Fire Service reported continued progress in fighting the Jones River wildfire, with the fire being 75% contained by noon on Monday, April 28. Officials said crews will remain on the scene for the next...
Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes
Apr 29 2025 // Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755 million during the same period the prior year. The company’s consolidated insurance operations turned...
Severe Weather Outbreak Threatens Central US With Tornadoes and Large Hail
Apr 28 2025 // A multi-day severe weather outbreak is expected to bring heavy thunderstorms, large hail and the threat of tornadoes across the central U.S. Parts of the Upper Midwest – particularly southern and western Minnesota and...
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