The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response...
Hurricane Milton News
Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion...
There is a risk crisis affecting the insurance industry. Hurricanes Helene and Milton left a trail of tens of billions...
Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included...
Citing the devastating impacts of Hurricane Helene in southwest Virginia, Governor Glenn Youngkin submitted a request to President Joseph Biden,...
Like a homeowner who cut back on coverage only to face catastrophic damage in a storm, St. Petersburg, Florida, city...
Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes,...
Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year...
Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene...