Browsing: insurance

State Farm is navigating significant financial impacts from the January wildfires in Los Angeles, prompting rate increases, a capital injection, and reinsurance adjustments.

As wildfires become more frequent and destructive, insurers and brokers are adapting to a changing landscape.

MS&AD Insurance Group Holdings Inc. announced the merger of its core non-life insurance subsidiaries, Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, with a target date of April 2027.

Tesla owners are experiencing a surge in vandalism, leading to potential insurance rate increases.

Ordnance Survey, the UK’s national mapping agency, has released a comprehensive new database detailing the characteristics of over 40 million rooftops across Great Britain. This data provides valuable insights for the insurance sector, offering a deeper understanding of risk assessment and exposure to climate change.

Homeowners insurance rates in the U.S. have increased significantly over the past two years, according to S&P Global Market Intelligence.

GEICO, a subsidiary of Berkshire Hathaway, is expanding its operations in Florida and North Texas, adding thousands of jobs with new office locations.

Two major Japanese insurance companies, Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, are set to begin merger discussions, aiming to create the largest non-life insurance company in Japan.

Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. to merge in 2027, forming the nation’s largest non-life insurer.

New legislation in Italy mandates catastrophe insurance for businesses, with expectations for significant adoption within the first year.