Travelers Cos. executives confirm the Los Angeles wildfires will have a material impact on the insurer’s first-quarter ...
Munich Re recorded a record-breaking year in 2024, exceeding its target of €5 billion in net profits, Wenning noted, though ...
Here's how climate change is reshaping home insurance costs in California — and the rest of the U.S.
California's Department of Insurance also recently passed regulations that pave the way for rate increases in exchange for increased coverage in wildfire-prone regions. In 2024, some insurance ...
Climate change-fueled natural disasters like the L.A. fires could destabilize the entire U.S. economy, economist Gary W. Yohe wrote.
Property and casualty insurer Travelers trounced Wall Street estimates for fourth-quarter profit as strength in its ...
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
Insurance rates are expected to rise because of the California wildfires and some underwriters might start pulling back from disaster prone areas, like wildfire zones.
Widespread shifts in home building and insurance coverage are coming.
Marialyce Pedersen stood in a white Tyvek suit on her Altadena, California, lot leveled by this month's wildfires. Her house ...
It’s time to require these companies to compensate communities, homeowners, businesses and even insurers for the losses.
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
The flames ripping through parts of Los Angeles and neighboring counties have been an unprecedented disaster, and persistent Santa Ana winds threaten to keep the smoke and horror going. At least 24 ...
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