Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B January 22, 2025 New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between...
Rare Snow Imperils Texas Gas Exports, Shuts Louisiana Roads January 22, 2025 By Brian K. Sullivan, Naureen S. Malik and Ruth Liao A historic winter storm threatened natural gas shipments from one the biggest US export plants while heavy snow shut schools...
Travelers Posts 28% Increase in Q4 Net Income January 22, 2025 By Chad Hemenway The Travelers Cos. said fourth quarter 2024 and full year net income increased 28% and 67% on strong underlying underwriting...
Wildfire-Risk Models Are Struggling to Predict LA-Style Fires January 22, 2025 By Gautam Naik Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors...
Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says January 22, 2025 By Chad Hemenway The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in...
People Moves: Lawley Names 4 New Partners; Burns Heads XS Brokers New Cyber Unit January 22, 2025 Lawley, headquartered in Buffalo, New York, appointed four new partners. Michael Jantzi II has worked in the insurance and business...
Tennessee to See Another Drop in Average Workers’ Comp Costs This Year January 22, 2025 Average workers’ compensation loss costs for the voluntary market in Tennessee will drop by 3.6% starting March 1, marking the...
People Moves: Arch Promotes Thompson to Offshore Energy Underwriting Manager; WTW Names Mamone as Head of Tech Delivery and Strategy January 22, 2025 This edition of International People Moves details appointments at Arch Insurance International and Willis Towers Watson. A summary of these...
Italy’s Reale Mutua Eyes €1 Billion Deals in Europe Expansion January 22, 2025 By Tiago Ramos Alfaro Italian insurer Societa Reale Mutua di Assicurazioni is looking to expand in Europe through acquisitions — and it’s ready to...
Citigroup Must Face New York Lawsuit Over Handling of Fraud Scams January 22, 2025 By Jonathan Stempel A federal judge on Tuesday rejected Citigroup’s bid to dismiss a lawsuit by New York Attorney General Letitia James claiming...