Catastrophe & Restoration

‘Most lines of insurance will likely experience increased cost impacts,’ the APCIA reports.

California’s largest home insurer says it has already paid $1.75 billion on roughly 9,500 claims.

The average home sustained nearly $34,000 in flood damage in 2024.

The state’s request for an expedited major disaster declaration was approved Monday.

Energy insurance claims continue to evolve as renewables account for an increasing portion of the global power mix.

Insurers have paid nearly $7 billion in claims so far.

A four-step action plan to align interests and prevent further market deterioration.

The law seeks to recover $75 billion from fossil fuel energy providers who emitted greenhouse gas in the state from 2000 to 2018.