Australia’s Weather Bureau Says El Niño Has Ended, Unsure About La Niña Formation April 16, 2024 An El Niño weather event has ended, Australian weather authorities said on Tuesday, adding that they were uncertain if a...
UK Home, Business Property Insurance Payouts Hit $6B in 2023 April 15, 2024 By Carolyn Cohn Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a...
Travelers Survey: Distracted Drivers Making US Roads More Dangerous April 12, 2024 Nearly 80% of respondents to a recent Travelers survey said inattentive driving is more of a problem now than it...
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses April 11, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...
Europe’s Wildfires in 2023 Were Among Worst This Century: Report April 11, 2024 The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published...
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023 April 10, 2024 It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles reported stolen – an...
Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair: Report April 9, 2024 By Don Jergler New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more...
If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher April 9, 2024 By Zahra Hirji If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch April 9, 2024 By L.S. Howard Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three...
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report April 9, 2024 US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and...