AM Best: US P/C Industry Records $1.1B Underwriting Loss for Q1 June 9, 2025 Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in...
Southern California Edison Paying $82.5M to Settle Claims Over Bobcat Fire Damages May 27, 2025 By Pooja Menon Southern California Edison, a unit of utility Edison International, agreed on Friday to pay $82.5 million to settle claims with...
Bill to Address California Wildfire And Insurance Crises Moving Through Legislature April 30, 2025 A California Assembly committee advanced a bill designed to deal with the state’s wildfire and insurance crises. The California Safe...
A ‘Low-Attention Disaster,’ Mountain Fire Survivors Recover in LA’s Shadow April 23, 2025 By Gabriela Aoun Angueira The ashes of Hatim Naim’s burned home lie just a few dozen miles west of the Los Angeles areas destroyed...
Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’ April 23, 2025 By Chad Hemenway First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires...
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B April 21, 2025 By L.S. Howard Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 –...
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires April 16, 2025 By Chad Hemenway The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter...
Could Utility Gear Set Your Neighborhood on Fire? California Risk Maps Are 8 Years Old April 15, 2025 By Malena Carollo Weeks after deadly fires swept through Los Angeles County, the state regulator in charge of overseeing utility companies declined a...
Getty Museum to Sell $500 Million of Debt for Fire Protection April 2, 2025 By Erin Hudson One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help...
California’s Snowpack Data Likely Signals Another Fire-Prone Summer April 1, 2025 By Brian K. Sullivan California is emerging from its wettest time of the year with new fire and drought risks. The state is scheduled...