Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B
Article 0 Comments New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion
Article 0 Comments New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion
Anthony R. O’Donnell // January 22, 2025 (Image source: EagleView.) EagleView (Rochester, N.Y.), a provider of aerial imagery, insights and analytics, has announced the launch of its
Article 0 Comments As southern California continues to suffer from wildfires, officials in another part of the country fear their area could be next –
Article 0 Comments Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly
“Over the years, I’ve seen how critical it is to establish comprehensive hiring and training protocols,” Engle told Insurance Business. “At IOA, we use a
The bill’s sponsors argue that the initiative will stabilize property insurance rates, improve accessibility, and attract insurers to the Idaho market. A statement accompanying the
The NAIC’s budget outlines eight major priorities for 2025, each expected to have a fiscal impact of at least $100,000 or require over 1,150 hours
“David’s thought leadership and energy is inspiring. He will play a vital role in advancing proactive reforms and defensive priorities that promote and protect a
A government spokeswoman also said that potential disasters, such as the California wildfires, were accounted for in revenue projections. The calculations incorporated historical data, risk
Among these, severe convective storms accounted for US$64 billion, or 41%, of the total insured losses. This marks two consecutive years of heightened insured costs