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Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
Apr 30 2025 // Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis. If this trend continues, global...
Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects
Apr 30 2025 // The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization. They hoped an...
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...
Historic Memphis Church a Total Loss After Late-Night Fire
Apr 29 2025 // A Memphis church known as a rallying spot in the Civil Rights Movement suffered major damage in a fire that broke out early Monday morning. The 130-year-old Clayborn Temple, in downtown Memphis, is considered a total loss,...
NOAA Risks Loss of Data Network and Web Service
Apr 29 2025 // A key contract that supports the network service provider for the US National Oceanic and Atmospheric Administration is set to lapse this week, threatening internet access and the transmission of internal data nationwide...
California Wildfire Losses Cause 16% Fall in The Hartford’s Q1 Net Income
Apr 25 2025 // Net income at The Hartford decreased 16% to $630 million in the first quarter 2025, driven by losses from the California wildfires. Property/casualty catastrophe losses for Q1 2025 were $467 million pretax—$325 million,...
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