Insurance News

Structural changes helped keep the industry afloat as insurers take brunt of damages In 2023, global insured losses from natural catastrophes surpassed $100 billion for the fourth consecutive year, underscoring

An earthquake off the coast of Japan’s southern island of Kyushu prompted the government to issue its first-ever warning for a megaquake from an undersea trough running along a swath

NFIP take-up rates in coastal counties are up Hurricane Debby, the second hurricane of the 2024 Atlantic season, is projected to result in combined wind and water-related insured losses between

Transaction set to be finalized by the end of the year Legacy acquirer DARAG Group has announced the planned sale of its North American and Bermuda business entities to RiverStone

Collaboration could also be expanded to other earthquake-prone regions Howden Re has announced a new partnership with Temblor Inc, a catastrophe modeling company specializing in seismic hazard and risk assessment.

Hiring another milestone for company's "crucial market" Specialty managing general agent (MGA) Nexus has announced the appointment of Seline Low (pictured above) as deputy head of accident and health (A&H)

Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be canceled, though several providers will share out the hit, two

Reports from Gallagher Re and the Florida Office of Insurance Regulation suggest that Tropical Storm Debby will not be a heavy lift for property insurers and reinsurers. “Early assessments suggest

La Jolla, California-based Palomar Holdings, Inc. reports it is buying First Indemnity of America Insurance Co. (FIA), a Morris Plains, New Jersey domiciled insurance carrier specializing in surety bonds for

POOLER, Ga. (AP) — The water began seeping into Keon Johnson’s house late Monday night after Tropical Storm Debby had been dumping rain nearly nonstop throughout the day. By Tuesday