The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O’Donnell, who also explained today that “most of our US property catastrophe programs are loss impacted.”The RenaissanceRe CEO further states that with the scale of the loss impact … Read more
Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20 billion to $30 billion range. The Jan. 17 estimate from Moody’s RMS came a day after CoreLogic put out a statement indicating a $35 to $45 billion range of insured losses for two major fires … Read more
Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions. Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New York region is experiencing a severe drought — the Big Apple experienced its driest October … Read more
TDI experts answer Texans’ top auto insurance questions. What should auto insurance cost, and what’s the best kind to get? To answer a question about cost, you need to know what a policy covers first. TDI’s automotive insurance guide can help, and there’s a policy comparison tool at www.opic.texas.gov. It’s important to know what you … Read more
