USA Focus

Hurricane Helene will be earnings not capital event, S&P says

State Farm has biggest exposure to states most hit by hurricane

California's coverage crisis rules leave loopholes for insurers to exploit

Insuring property has changed forever as a result of global warming

Regulators and associations discussed California's insurance crisis at an event in Long Beach

Hippo Insurance appoints Paul Wigham as CRO

Florida's insurance office issues emergency support following hurricane Helene

OIR order extends grace periods and sets limitations on cancellations and non-renewals

US P&C insurers on for a profitable year, says Swiss Re

But hurricanes remain a "known unknown" risk

Hurricane Helene expected to deal blow to Florida's private insurance industry

Economic impact of hurricane will rival that of 2022's Ian

State Farm could cut a million Californian policies by 2028

Insurer faces solvency challenges unless allowed to raise rates

Hurricane Helene's insured losses to reach up to $10bn, says Fitch

At least 88 people have died as a result of the storm and there has been devastating flooding

Hurricane Helene slams into Florida as a category 4 storm

The National Hurricane Centre has warned of catastrophic and record-breaking flooding

ICS-AM comparability decision going down to the wire

Meeting in Washington, DC passed with no conclusion last week with December deadline looming

Falling claims inflation to offer relief for insurers, says Swiss Re

But while inflation falls natural catastrophe losses remain a "perennial threat"

US academic calls Trump's auto insurance policy populism

The former president promised to cut rates by 50%

Newer wildfires catching insurers off guard, says Aon

"Lower risk" geographies have seen more wildfires, thereby increasing quantification challenges

US bill could lessen international bodies' influence over state insurance rules

Republican congressman Andy Barr introduced the bill last week