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German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims
May 13 2025 // Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires...
Family of Helicopter Pilot Killed in California Wildfire Reaches $15M Settlement
May 13 2025 // The family of a helicopter pilot who died when his helicopter crashed while fighting a wildfire in Southern California reached a $15 million settlement with the company that maintained the aircraft, their attorneys...
Lemonade Posts Q1 Loss on Wildfires, Spending; Auto Product Positioned to Grow
May 6 2025 // Insurtech Lemonade reported a first quarter 2025 net loss of about $62.4 million compared to a loss of $47.3 million a year ago during the same time.The decline, according to a letter to shareholders, was due primarily to...
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires
May 5 2025 // The Travelers Cos. said first-quarter 2025 fell 65% on an underwriting loss of $305 million.Travelers posted first-quarter net income of about $395 million compared to about $1.1 billion during Q1 2024. The underwriting...
Poll: High Cost of Living Fears Were Made Worse by LA Wildfires
May 5 2025 // The high cost of living remains a main concern in America’s largest exacerbated by the January wildfires is one of the biggest worries bothering residents of Los Angeles County.A survey focused on the county, the...
California Sets Aside $170M to Thin Vegetation, Forests to Help Prevent Wildfires
May 5 2025 // Gov. Gavin Newsom signed new legislation on Monday that will provide more than $170 million in state funding to help prevent wildfires while signing an order aimed at speeding up the work by easing environmental...
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