Property and casualty insurance

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California.

Insights from insurance professionals on what might be ahead for the industry in 2025.

The National Flood Insurance Program has been kept alive with short-term authorizations since 2017. Flood risk data and increased use could strengthen it.

The California FAIR Plan Association, already vulnerable financially, will likely need an assessment of insurers or policyholders as a rescue measure, according to experts.

High winds continue to impede firefighters' progress in the Pacific Palisades and Eaton fires.

Verisk and Moody's are the first two modeling companies to submit their models to the California Department of Insurance. A Verisk executive explained the functioning of their model and what insurers' options are.

The wildfires add pressure to California's home insurance market, which has faced a growing crisis in recent years.

The top five property and casualty insurance equity deals in the third quarter of 2024 brought in more than $440 million in funding.

Ric was founded in 2023 and its first product to market will be rainfall flood, which is slated to go live in 2025.

The most destructive wind storm to strike the Los Angeles area in 14 years is fanning wildfires.