Catastrophe Bond Investors Brace for Major Losses as Milton Rages October 9, 2024 By Gautam Naik Investors in catastrophe bonds are girding themselves for substantial losses as the combined destructive force of Hurricanes Helene and Milton...
Hurricane Milton Insured Loss Could Be $60 Billion, Similar to 2022’s Ian: RBC October 9, 2024 By Carolyn Cohn Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance...
Billionaire Tom Steyer’s Commercial Real Estate Lead Says ‘Watch Insurance Risk’ October 9, 2024 By Frances Schwartzkopff Joseph Sumberg, a former managing director at Goldman Sachs Group Inc. who now works for billionaire climate investor Tom Steyer,...
Hurricanes Like Helene Keep Killing for Years After They Strike October 8, 2024 By Seth Borenstein Hurricanes in the United States end up hundreds of times deadlier than the government calculates, contributing to more American deaths...
13 States and DC Sue TikTok, Accusing Platform of Harming Younger Users October 8, 2024 By Jody Godoy and David Shepardson TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social...
Why Homeowners Insurers Are Unprofitable and What To Do About It: Aon October 8, 2024 A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers...
Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources October 8, 2024 By Chad Hemenway There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight...
Property/Casualty Insurance Stocks Slump on Hurricane Milton-Related Fears October 8, 2024 By Manya Saini U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its...
Supreme Court to Hear Challenge to Mexico’s Suit Against American Gun Companies October 8, 2024 By John Kruzel The U.S. Supreme Court agreed on Friday to hear a bid by U.S. gun maker Smith & Wesson SWBI.O and...
Utilities’ Extreme Plan to Stop Wildfires: Shut Off the Power October 8, 2024 By Mark Chediak A growing number of utilities are resorting to an extreme measure to prevent their equipment from sparking catastrophic wildfires: turning...