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Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, after-tax, partially offset by favorable reserve reestima...
Insurance premiums could surge in these American cities because of climate disasters, new data shows
Millions of American homeowners could see insurance rates surge in the coming years in part due to worsening climate disasters, new data shows. An analysis of from nonprofit research group First Street Foundation found nearly 39 million homes and commercia...
Marine market strong and stable amid "turbulent seas" - union president says
Commencing the annual conference of the International Union of Marine Insurance (IUMI) in Edinburgh, Scotland, president Frédéric Denèfle elaborated on the conference's central theme, “strength and stability in turbulent seas.” In addressing the prevailing...
California legislators fall short on deal to stabilize P&C insurance market
California lawmakers fell short in a bid to reform the state's P&C insurance market last week through a legislative package. The group of stakeholders had been working for weeks on the reforms and had hoped to get the legislation to the finish line by the ...
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