insurers
Car owners in California said a bear caused interior damage to their luxury vehicles.The California Department of Insurance said the “bear” was actually a person in a costume.They accused them of defrauding insurance companies out of more than $140,000. Four Californians said a bear damaged their luxury car, but insurers…
By Matt Tracy (Reuters) – Hurricane Milton tore through Florida last week, causing as much as $55 billion in property damage throughout the Sunshine State, according to the latest analyst estimates. Hitting just two weeks after Hurricane Helene, Milton was the latest in a series of major hurricanes in recent…
By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) -Hurricane Milton could result in losses of up $100 billion for the global insurance industry, creating a surge in 2025 reinsurance prices that could boost some insurance companies’ shares, analysts said on Wednesday. The Category 5 hurricane is expected to make…
By Manya Saini (Reuters) – U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 on its path toward Florida’s western coast, marking yet another costly disaster for the industry to cover this year. Insurers are expected to face catastrophe-related claims for billions…
By Carolyn Cohn, Alexander Hübner and Noor Zainab Hussain LONDON (Reuters) – Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be cancelled, though several providers will share out the hit, two people involved in insurance for her tour told…
By Jonathan Saul and Gleb Stolyarov LONDON (Reuters) – A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in the trade sector withdrew for fear of breaching the rules of a G7 price cap, data from traders and shippers shows.…
Auto insurers have spent years appealing to customers to allow them to track their driving.Though many surveillance-wary customers have declined, insurers have found a loophole: Monitor people’s driving through quiet deals with other apps.Auto-insurance companies can then use that data to determine how risky a driver is and how much…
