Edison Plans $6.2 Billion Fire-Prevention Plan After LA Blazes May 16, 2025 By Michelle Ma Four months after devastating wildfires swept across Los Angeles, Edison International’s Southern California utility submitted a $6.2 billion mitigation plan...
Judge Recommends Approving 17% State Farm Rate Hike in California May 13, 2025 It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from...
New Mexico Utilities Tell Residents to Prepare for Outages When Fire Risk is High May 9, 2025 Electric providers in New Mexico told the state’s utility regulator at citizens at a hearing on Thursday in Santa Fe...
LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration May 8, 2025 By John Gittelsohn Los Angeles Mayor Karen Bass is navigating one of her city’s most challenging periods in decades. She’s facing a nearly...
Viewpoint: Challenging P/C Market Generates Opportunities for Surplus Lines’ Writers May 8, 2025 By David Blades The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with...
In The Wake of Devastating LA Fires, Residents Begin to Rebuild May 5, 2025 By Alex Veiga Nearly four months after wildfires reduced thousands of Los Angeles-area homes to rubble and ash, some residents are starting to...
LA Fire Investigation Will Take a Year or More, Edison CEO Says May 1, 2025 By Mark Chediak, Alix Steel and Romaine Bostick The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils April 30, 2025 By L.S. Howard Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been...
Increased Writings in Homeowners Adds to US Surplus Lines Growth April 29, 2025 By Chad Hemenway Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted...
Many Snowbirds Looking to Pack Up and Fly North For Good; Florida Hit Hard April 29, 2025 By Mrinalika Roy The number of Canadian “snowbirds” planning to sell their second homes in sunny Florida and Arizona has surged this spring,...