HOMEOWNERS INSURANCE
Feb 18, 2025 04:06 PM (EST)
A California appeals court ruled wildfire debris does not automatically constitute a “direct physical loss or damage,” affirming a lower court’s dismissal of a breach of contract suit over a partially denied home insurance claim.
SPECIAL REPORT
Feb 20, 2025 07:48 AM (EST)
Despite an estimated net underwriting loss of $2.6 billion in 2024, U.S. property/casualty industry results marked a steep improvement over prior year performance with the momentum expected to continue into 2025.
Feb 18, 2025 08:01 AM (EST)
AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac’s credit risk transfer (CRT) programs.
CALIFORNIA
Feb 11, 2025 08:50 PM (EST)
State Insurance Commissioner Ricardo Lara has granted the California FAIR Plan’s request for a $1 billion assessment on the state’s property insurers in order to continue paying claims from the Los Angeles wildfires.
PERSONAL AUTOMOBILE INSURANCE
Feb 18, 2025 11:21 AM (EST)
Rising theft and repair costs have hit premiums as U.K. motor insurers paid a record £11.7 billion ($14.74 billion) in car insurance claims in 2024, according to the Association of British Insurers.
Feb 11, 2025 08:09 AM (EST)
The U.S. economy continues to outperform expectations and has entered 2025 on firm footing, according to a new AM Best report.
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