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Hawaii Supreme Court considers fate of $4B wildfire settlement
02 Feb 2025 10:07 GMT
… close to 10,000 Maui
wildfire victims.
On Thursday, the Hawaii … 600 lawsuits seeking compensation from wildfires that destroyed most of Lahaina … case applies to property and casualty
insurance carriers.
On the second …
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AM Best: Addressing California’s wildfire losses and the urgent need for insurance market reform
31 Jan 2025 20:07 GMT
… of California’s ongoing wildfire crisis for the insurance … immediate destruction caused by the wildfires is severe, the experts … areas once considered safe from wildfires, including his own neighborhood …
Laure Forgeron, CUO of Casualty at Swiss Re, also …
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Can Chubb Weather the Storm? $1.5 Billion Wildfire Costs Test Resilience
31 Jan 2025 14:14 GMT
… costs due to the devastating wildfires in Los Angeles County. This … its exposure in high-risk wildfire areas by over 50%.
Insurance … the real risks posed by wildfires. “Frankly, it’s an … billion. Chubb’s property and casualty (P&C) underwriting income …
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Reinsurance capacity strong despite rising cats and adverse casualty trends: S&P
31 Jan 2025 13:26 GMT
… natural catastrophes and adverse casualty trends, according to a … capital position.
The casualty reinsurance market is also … believe unfavourable developments in casualty loss reserves remain a … associated with the California wildfires. These will be absorbed …
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As wildfires disrupt Los Angeles schools, experts begin to study mental health effects on students
31 Jan 2025 00:51 GMT
… the latest casualty in a series of wildfires. According to … community – finding purpose through wildfire recovery courses. However, … links between wildfire smoke and student health.
“Wildfire smoke … .”
Mustala highlighted that wildfire smoke exposure has been …
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Insurer Payouts at $4 Billion and Counting So Far for LA Wildfires
30 Jan 2025 21:10 GMT
… of the American Property Casualty Insurance Association.
That is … U.S. property/casualty for Crawford. “We’re … value of properties, high wildfire deductibles and hundreds of thousands … “The most recent California wildfires, which started in early …
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Insurers Are Abandoning Homeowners Over Wildfire Risk But Investing in Big Oil
30 Jan 2025 20:18 GMT
… Rising extreme weather events like wildfires, flooding and hurricanes are … the twenty most destructive wildfires in California history have … by the property-and-casualty industry rose to $84 … 28 major property and casualty insurers overseeing more than one …
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Another casualty of a bone-dry winter: LA won’t take less water from Mono Lake
30 Jan 2025 19:09 GMT
In summary
LA had planned to take substantially less from the iconic Eastern Sierra lake this winter. The decision is a blow to conservationists who have been trying to restore the lake for decades.
Los Angeles will take most or all of its allotment of …
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Essential information for California wildfire survivors
30 Jan 2025 14:52 GMT
… our editors.
The Southern California wildfires, including the more recent … Property Casualty Insurance Association (APCIA) cautioned homeowners affected by the wildfires to … also has additional resources for wildfire survivors.
Commissioner Lara has deployed …
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Chubb CEO Expects $1.5 Billion Loss From LA Wildfires: 'California Is A Difficult Market For Insurance Companies'
30 Jan 2025 00:04 GMT
… largest domestic property and casualty insurers, held its fourth … resulting from the recent California wildfires.
The Details: Chubb … his condolences to the wildfire victims and gratitude to … catastrophe losses resulting from the wildfires. Chubb's …