State Farm Has Paid Out $2.5 Billion for LA Wildfires March 28, 2025 By Don Jergler State Farm has reported paying out $2.5 billion for the Los Angeles wildfires in January, more than double what the...
Catastrophe Experts Tap AI to Tackle Soaring Insured Losses March 26, 2025 By Gautam Naik Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging...
New Fire Maps Put Nearly 4M Californians in Hazardous Zones March 26, 2025 New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield....
Los Angeles Presses State for Help With $1B Deficit As It Rebuilds From Fires March 26, 2025 Los Angeles is looking to California for financial help as the city faces a nearly $1 billion budget deficit projected...
Wildfires in Carolinas Prompt Evacuations March 25, 2025 Wildfires forced a mandatory evacuation Sunday in a North Carolina county still recovering from Hurricane Helene, and South Carolina’s governor...
Hawaii Islands Sinking Faster in Some Areas, Increasing Flood Risk March 24, 2025 Parts of Hawaii are sinking faster than others, according to a recent study led by researchers at the University of...
Wall Street Brokers Start Trading Insurer Claims From LA Fires March 20, 2025 By Blake Brittain Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from...
California Insurance Commissioner Provisionally OKs State Farm’s 22% Rate Request March 14, 2025 By Don Jergler California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim homeowners insurance rate hike, the California...
Next Round of Inspections in LA Fire Expected Next Week, Edison CEO Says March 14, 2025 By Laila Kearney Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to...
State Farm, Consumer Group Battle Ahead of Calif. Insurance Commissioner Decision March 13, 2025 By Susanne Sclafane Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives...