A landmark $72.5 million judgment has been awarded to Aurora Beauchamp, a cancer patient severely injured by a city bus, marking one of the MTA’s largest payouts.
In 2023, State Farm reported a significant increase in underwriting losses, driven by property line challenges despite improvements in auto insurance results.
A massive storm is set to deliver 6-10 feet of snow across the Sierra Nevada, challenging records and potentially isolating communities with blizzard conditions.
Southern California Edison agrees to an $80 million settlement for the 2017 Thomas Fire, marking a significant recovery for U.S. Forest Service costs and damages.
The record-breaking climate and weather disasters of 2023 underscore the urgent need for the insurance industry to adopt a Predict & Prevent approach to mitigate financial impacts and protect policyholders.
In a landmark case, a jury ruled that LSD use was not the direct cause of a catastrophic spinal injury, requiring an insurer to cover the $1 million claim.
In response to proposed insurance rate hikes, North Carolina Insurance Commissioner Mike Causey calls for fairness and scrutiny, emphasizing the impact of inflation on homeowners.
The CEO of Swiss Re underscores the need for fair risk valuation amid rising insurance costs, pointing to climate change as a significant driver of recent price adjustments.