Three US insurers sue California utility over Camp wildfire

Pacific Gas & Electric (PG&E), the Californian utility, plans filing for bankruptcy


Insurers' ERM shortcomings highlighted

AM Best expects companies operating in emerging markets will demonstrate improvements to ERM


Second Californian insurer put under review after fires

AM Best cites new insights from managers at California Capital Insurance


Asbestos and environmental losses fail to slowdown - AM Best

Overall asbestos and environmental losses have hit nearly $150bn


Rating agencies warn of insurtech bubble

A glut of money has flowed into insurtech start-ups, raising concerns that investors are fuelling a bubble in the sector. The situation has also highlighted the challenge of defining “true” insurtech innovation. US editor Sarfraz Thind reports


Hurricane Michael: KCC estimates almost $8bn insured loss

Nearly half of insured loss estimated to have occurred in two Florida counties – Bay and Gulf.


Insurers' commitment to ESG "not a fad that is likely to fade"

AM Best monitoring impact on credit rating from managing environmental, social and governance risk


Snowballing California wildfire losses the "new normal" warns A.M. Best

Numerous factors are contributing to higher fire risk


Ireland beats Luxembourg as insurers' Brexit relocation base

But Luxembourg is top pick for firms with no pre-existing presence


Accounting standards a bigger threat than cyclones to Gulf insurers' capital

AM Best rates UAE particularly at risk if more prudent approach taken to write-offs