The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by...
Florida OIR Fines Heritage P&C $1M for Ian Claims Issues
The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property & Casualty...
The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property & Casualty...
Article / 4 hours ago
Worsening Weather Igniting $25 Billion Weather Derivatives Market
Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something...
Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something...
Article / 6 days ago
The Top 15 U.S. Metros with High Exposure to Wildfire Risk
The number of wildfires per year is going down, but the increasing size and intensity of the fires is creating more property damage than ever before – in fact, the average fire size has tripled over...
The number of wildfires per year is going down, but the increasing size and intensity of the fires is creating more property damage than ever before – in fact, the average fire size has tripled over...
Article / 7 days ago
Extreme Weather Is Driving More US Power Outages, Studies Show
For decades, residents of eastern Queens in New York City have complained that they're more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A...
For decades, residents of eastern Queens in New York City have complained that they're more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A...
Article / 9 days ago
Lloyd's Insurers Don't Expect Large Claims From Baltimore Bridge Collapse
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that...
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that...
Article / 13 days ago
Wildfires in Canada's Oil Sands Region Prompts Evacuation Orders
Wildfires erupted across Canada's main oil producing province of Alberta and an evacuation order was issued as the region braces for a repeat of last year's...
Wildfires erupted across Canada's main oil producing province of Alberta and an evacuation order was issued as the region braces for a repeat of last year's...
Article / 21 days ago
Allstate Reports $731M in Q1 Pretax Catastrophe Losses
Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March....
Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March....
Article / 25 days ago
Rupture on TC Energy's NGTL Gas Pipeline Sparks Wildfire in Alberta
A section of TC Energy's NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said....
A section of TC Energy's NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said....
Article / 27 days ago
Drought, Heat Raise Risk of Repeat of Canada's Record-Breaking Wildfires of 2023
Canada's emergency preparedness minister warned Wednesday the country's wildfire season could be more explosive than last year when it led to...
Canada's emergency preparedness minister warned Wednesday the country's wildfire season could be more explosive than last year when it led to...
Article / 1 month ago
US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting
It's shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes...
It's shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes...
Article / 1 month ago
