Article 0 Comments The Federal Emergency Management Agency said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758

Article 0 Comments Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel

Anthony R. O’Donnell // January 17, 2025 (Image source: ACORD.) The adoption of ACORD standards in the reinsurance sector is leading the way toward broader

Article 0 Comments California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means

Policies issued under the program would mirror the NFIP’s coverage terms, including coverage amounts, deductibles, exclusions, and conditions. Under the bill, residential properties could receive

According to updated data from CalFire, the Eaton Fire has destroyed 5,718 structures, while the Palisades Fire has resulted in the loss of 2,869 structures.

The reinsurance structure covers 12.0334% of losses between US$7 billion and US$9 billion and 25.8584% of losses between US$9 billion and US$11 billion. This arrangement

Article 0 Comments Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number

Article 0 Comments The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical

Article 0 Comments While the Southern California fires that sparked in high-wind conditions last week inch closer toward containment, estimates of insured losses continue to