Catastrophe & Restoration

Southern Vanguard Insurance Co. of Houston alleges the two conspired in a 'fraudulent scheme' to submit storm damage insurance claims with the intent of financially benefiting themselves instead of homeowners.

The measure, passed 82-17, gives Puerto Rico access to $4.9 billion in low-interest Treasury loans and would also replenish the troubled National Flood Insurance Program, which runs out of money as early as this week.

RiskInsight, a new modeling platform by KCC, enables reinsurers to track their claims and losses from live hurricanes in real time.

The numbers are numbing: more than 5,700 homes, businesses, and wineries destroyed or damaged, more than 200,000 acres burned in total, and many vineyards singed and torched.

The wildfires in northern California are expected to be among the costliest ever for P&C insurers, according to a new Moody's report.

Almost 80% of residents and private businesses not just in the rural mountains, but across the island are still without electricity.