Insurers Have Now Paid Out Nearly $7B for LA Wildfires, Report Shows February 13, 2025 Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los...
Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires February 11, 2025 Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers...
Viewpoint: How Will the California FAIR Plan Fare? What’s Next for Independent Agents? February 10, 2025 By Rene Swan If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history,...
AM Best: Wildfires Intensifying California’s Property Insurance Troubles February 6, 2025 Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems...
USAA Becomes 3rd Insurer to Report $1B-Plus in Claims So Far for LA Wildfires February 5, 2025 By Don Jergler USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report...
AI, Cybercrime Perceived as Top Insurance Risks: Kennedys February 4, 2025 Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive...
Washington Man on Workers’ Comp for 3 Years Caught on Video Carrying 48lb Table January 29, 2025 A Pierce County, Washington, man has been ordered to pay back more than $60,000 to Washington’s workers’ compensation fund after...
Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors January 23, 2025 California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles...
Los Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger January 17, 2025 By Todd Woody, Eliyahu Kamisher and Michelle Ma California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms....
California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline January 17, 2025 Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though...