Claims / Legal
Eyeing Specialty Focus, AXIS Transfers $2.3B of Re Reserves to Enstar
AXIS Capital Holdings Limited and Enstar Group Limited announced that they have entered into a loss portfolio transfer reinsurance agreement under which AXIS will retrocede $2.3 billion of ...
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, ...
Malibu Avoids Widespread Ruin as Firefighters Gain Ground
Improving weather conditions and a massive counterattack by firefighters appear to be turning the tide in the Malibu wildfire, sparing the wealthy California enclave from large-scale property losses. ...
Viewpoint: Legislative Action is Needed Now to Reduce Wildfire Risk
Wildfires, once sporadic and isolated, have escalated into frequent and devastating events, impacting not only remote forested regions but also urban communities. This alarming trend is evident as ...
Don’t Touch Fla. Reforms, Panelists Implore
Regulators, insurance companies and attorneys at the Florida Chamber of Commerce Annual Insurance Summit this week sent a clear message to lawmakers about tinkering with Florida's property insurance ...
Northeast U.S. States in the Wildfire Spotlight
States such as California are certainly experiencing a more ferocious wildfire season this year than a relatively quiet 2023. Combined CAL FIRE and U.S. Forest Service figures record over 1 million ...
Survey: Better Communication Needed For Totaled Auto Claims
Drivers who have had their car declared a total loss are noticeably impacted by how carriers communicate them. That's according to survey of U.S. policyholders that shows drivers' emotional state and ...
North Carolina Town Sues Duke Energy Over Climate Crisis
A town in North Carolina sued utility firm Duke Energy DUK.N on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate ...
