Insurers were expected to face claims for billions of dollars from Hurricane Idalia which made landfall in Florida on Wednesday, adding to a challenging year for the industry that could result in higher premiums for customers.
One of the largest wildfires in Louisiana history is continuing to spread and threaten rural communities. The Tiger Island Fire, which started about five miles east of the Texas state line, doubled in size over the weekend, growing to more than 33,000 acres -- accounting for more acres of burned land than the state usually has in an entire year.
In a study involving hundreds of prominent insurance leaders, Waterstreet has revealed a compelling vision of the future of insurance, shedding light on the transformative impact of insurtech innovations, artificial intelligence (AI), machine learning, and blockchain on the industry landscape.
3M on Monday agreed to pay $6.01 billion to settle nearly 260,000 lawsuits by current and former U.S. military service members who say they suffered hearing loss from using the company’s earplugs, according to a person familiar with the agreement.