Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be “very manageable” for the industry, according to a report from Gallagher Re. Wind and water-related losses could …
Fourteen percent of insurance companies plan to reduce employee headcounts in the next year, according to numbers from Aon and The Jacobson Group’s latest insurance labor market study. Jeff Rieder, partner at Aon and head of STG Performance Benchmarking, said …
Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have been among the adopters of climate-risk models, in a sign …
The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the number of claims filed from Hurricane Idalia in a three-month period. Debby claims by Friday had reached more than …
A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …
An Amtrak train carrying nearly 100 passengers crashed into the rear section of a tractor trailer in Connecticut on Friday morning, causing minor injuries to a train engineer and damaging warning equipment at the crossing, authorities said. TV news video …
PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California. DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device and technology sectors. PCF Insurance Services is headquartered in Lindon, Utah, …
A federal lawsuit accusing Massachusetts Institute of Technology of tolerating antisemitism after the Oct. 7 attacks in Israel has been dismissed while a similar one against Harvard University can continue. The MIT lawsuit accused the university of approving antisemitic activities …
First responders launched high-water and helicopter rescues of people trapped in cars and homes in rural New York and Pennsylvania as heavy rain from the remnants of Debby slammed the Northeast with intense floods. The worst of the flash flooding …
California Insurance Commissioner Ricardo Lara on Friday released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara today issued a bulletin implementing rate review reforms he says will help stabilize the state’s insurance …
