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Jan 10 2025 // The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks.Roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire...
Jan 9 2025 // Editor’s note: This story has been updated with new AccuWeather total loss estimates.With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of...
Jan 9 2025 // Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion – as climate change “is showing its claws,” according to Munich Re.Overall economic...
Jan 8 2025 // Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say...
Jan 8 2025 // A class-action lawsuit filed Monday alleges the Omaha Housing Authority ignored and failed to eliminate bed bug infestations at high-rise apartments for low-income residents.The new lawsuit, brought by a pioneering firm in...
Jan 7 2025 // Boosting growth and profitability is a goal for all U.S. insurance agents and brokers, but until recently that has been easier to assert than to achieve consistently. Booking organic growth is difficult, even for firms...
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