India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million. “This aviation insurance claim could be one of …
Air India Crash Seen Triggering $475 Million in Insurance Claims Read More »
Newly posted data from Florida regulators show that, in the last three years, the number of property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The first-quarter 2025 data …
Florida Premium Written up by a Third, Average Premiums Up by 40% Since 2022 Read More »
ZestyAI has announced a four-year extension of its partnership with the California FAIR Plan. The Golden State’s insurer of last resort has tapped ZestyAI’s Z-FIRE wildfire risk model for risk assessment since 2021. That model leverages AI-driven analysis of more …
California FAIR Plan Extends ZestyAI Partnership Read More »
MoneyGram agreed to pay a $250,000 fine to settle a New York state lawsuit over its remittance transfers, two months after the U.S. Consumer Financial Protection Bureau withdrew from the civil case. The accord announced on Monday by New York …
MoneyGram Settles with NY Over Transfers After US Consumer Bureau Quits Case Read More »
“Don’t say this is going to be the worst fire season,” Nevada Gov. Joe Lombardo jokingly told State Forester and Fire Warden Kacey KC at a June 10 wildfire briefing in Carson City. “You say that every year.” KC smiled …
Officials Brace for Fire Season as Nevada Is ‘Abnormally Dry’ Read More »
Mercury Insurance, headquartered in Los Angeles, California, appointed Steve Bennett as its senior director of climate and catastrophe science. In this new position, Bennett will build and lead a team focused on identifying ways Mercury and its policyholders can be …
People Moves: Bennett to Lead Mercury Insurance Climate Science Team Read More »
Wafa Assurance has agreed to acquire a majority stake in Egypt’s Delta Insurance from its current owner Egypt Kuwait Holding Company, as it targets an expansion of its operations in the Egyptian market, it said on Monday. Wafa Assurance, a …
Morocco’s Wafa Assurance to Acquire Egypt’s Delta Insurance Read More »
For the first time ever, parts of Alaska are under a heat advisory — but you can put an asterisk at the end of that term. It’s not the first instance of unusually high temperatures in what many consider the …
NWS Issues Alaska’s First Ever Heat Advisory Read More »
This post is part of a series sponsored by AgentSync. Since his inauguration in late January, President Donald Trump has imposed (and pledged to impose) several tariffs affecting nearly all U.S. imports. While the somewhat sporadic nature of these actions …
President Donald Trump has repeatedly said he intends to whittle down or phase out the Federal Emergency Management Agency, and last week he gave a rough timeline for that: “after hurricane season.” “We want to wean off of FEMA, and …
Trump Can’t End FEMA But It Needs Reform, Says Obama’s FEMA Head Read More »
