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Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’
Apr 23 2025 // First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer...
Japanese Insurer MS&AD Plans to Invest as Much as $5 Billion to Double US Profits
Apr 22 2025 // MS&AD Insurance Group Holdings Inc. plans to invest as much as about ¥700 billion ($5 billion) to expand in the North American market, to meet its goal of doubling operating profits in the region, according to its...
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B
Apr 21 2025 // Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses...
AccuWeather: Severe Storms in Central US Cause $80-$90B in Damages, Economic Loss
Apr 21 2025 // A multiday severe weather outbreak in the central U.S. caused an estimated $80 billion to $90 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. From April 2 to April 6, a rare...
Wildfire Losses Increasing But Still Small Compared to Hurricanes: KCC
Apr 16 2025 // Wildfire losses in the U.S. are increasing, but the risk is still considerably smaller than hurricanes, according to a new KCC white paper. While we usually think of California and other western states—especially since...
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires
Apr 16 2025 // The Travelers Cos. said first quarter 2024 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 the first quarter of 2024....
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