An investigation by the Hawaii attorney general’s office into the deadliest U.S. wildfire in more than a century, which destroyed most of the historic town of Lahaina, won’t lead to any criminal charges. Hawaii Attorney General Anne Lopez launched an …
Evelin Weber and her neighbors fled their Malibu homes as the deadly Woolsey Fire tore across the California coast in 2018. Ever since, haunted by fears of another blaze, she’s spent $300,000 on fireproofing her house. Weber installed a fire …
Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insurance facility to help organizations in the UK, EU, and US …
Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a surcharge on premiums. And a number of Florida property …
North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify for flood insurance indemnity or federal assistance. In most cases, the …
The National Flood Insurance Program will now start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal. The Federal Emergency Management Agency, administrator of the NFIP, said the change was …
Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to people, properties, vehicles and businesses as well as to the region’s agriculture sector, according to a commentary from Morningstar DBRS. …
Barcelona’s transport system ground to a halt, as Catalonia was the latest Spanish region to be hit by extreme storms that killed more than 200 people in neighboring Valencia last week. Flooded streets brought traffic to a standstill in the …
This edition of International People Moves details appointments at Aon Underwriting Managers and Lloyd’s of London. A summary of these new hires follows here. Aon Underwriting Managers Appoints LSM’s Clapham as CUO Aon plc, the global professional services firm, announced …
Insurance software-as-a-service provider Vertafore said it has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers. The deal’s financial terms were not disclosed. Denver-based insurtech Vertafore said Surefyre’s artificial intelligence-enabled solution will be added to Vertafore’s …