What is flood insurance, and why do you need it?
Highlands, New York, was underwater and under a state of emergency as devastating floods swept the area this weekend. Gov. Kathy Hochul warned of "life-threatening flooding," and nearby West Point saw a 1-in-1000-year rainfall on Sunday afternoon, totaling nearly eight inches in six hours. Some drivers swam out of their cars to safety, and 13,000 homes lost power.
2023-07-13 02:30
Farmers Insurance pulls out of Florida, affecting 100,000 policyholders
Farmers Insurance will stop offering its policies in Florida, which includes home, auto and umbrella, in a change that will affect 100,000 people.
2023-07-12 19:53
Property insurers' ratings under pressure as risk rises, Morningstar says
The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to
2023-07-12 18:58
AXA weighs offloading $2 billion reinsurance arm to cut disaster risk - sources
By David French and Pablo Mayo Cerqueiro NEW YORK/LONDON (Reuters) -One of the world's top insurers is mulling offloading its
2023-07-12 13:49
Another insurance company limits new homeowners insurance in California
Farmers Insurance has limited new homeowners insurance policies in California, joining other major national insurance providers.
2023-07-11 07:28
Biden wants to roll back Trump's expansion of short-term health insurance plans
The Biden administration wants to crack down on short-term health insurance plans, which it says can leave patients saddled with hefty medical bills.
2023-07-08 01:26
Biden's junk fee crusade turns to short-term health insurance plans
WASHINGTON President Joe Biden on Friday will announce new steps to crack down on short-term health insurance plans
2023-07-07 17:25
EV batteries remain major challenge for insurers - UK's Thatcham
By Nick Carey LONDON A lack of data on electric vehicle (EV) batteries continues to challenge insurers who
2023-07-05 07:56
Exclusive-Insurers look to ease UN climate alliance rules after member exodus - sources
By Tommy Wilkes LONDON (Reuters) -The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised
2023-07-05 02:19
Travel insurance could help with weather-related flight cancellations. Here's how
With unpredictable weather and worker shortages, no airline is immune to widespread cancellations. Hundreds of thousands of travelers learned this the hard way recently, as they became stranded in airports across the country in the run-up to the Fourth of July holiday weekend.
2023-07-03 00:57
Bank of England consults on next leg of insurance capital reforms
LONDON (Reuters) -The Bank of England on Thursday proposed further reforms to capital rules for insurers in a step it
2023-06-29 15:57
Global hack blamed on Russian cybercriminals affects insurance giant and California pension fund
The fallout from a global hacking incident tied to Russian cybercriminals widened on Thursday as US insurance provider Genworth Financial revealed that 2.5 million of its policyholders and customers had their data accessed in the hack, while California's public pension fund said 769,000 of its members were affected.
2023-06-23 21:51