Attorneys general from 23 states issued a letter to 28 insurance companies on May 15 requesting information regarding possible violations by the insurers of U.S. antitrust laws. In what could be the first step towards an antitrust lawsuit, the state AGs requested that the insurance companies provide details on their membership in climate associations like…

Insurance companies are reporting a jump in death payouts due to a dramatic rise in the number of deaths. The rise in the death rate is being corroborated by death certificate data from the Centers for Disease Control and Prevention (CDC). The death rate is up by 40 percent from pre-pandemic levels according to Scott…

Insurance companies are reporting a jump in death payouts due to a dramatic rise in the number of deaths. The rise in the death rate is being corroborated by death certificate data from the Centers for Disease Control and Prevention (CDC). The death rate is up by 40 percent from pre-pandemic levels according to Scott…

COVID-19 was declared to be the third largest cost to insurance companies of any catastrophe in history after Hurricane Katrina and the 9/11 attacks, with losses of up to $44 billion, according to the insurance broker Howden, in a Jan. 4 report on reinsurance renewals. This amount is lower than the initial 2020 projections of $100…

COVID-19 was declared to be the third largest cost to insurance companies of any catastrophe in history after Hurricane Katrina and the 9/11 attacks, with losses of up to $44 billion, according to the insurance broker Howden, in a Jan. 4 report on reinsurance renewals. This amount is lower than the initial 2020 projections of $100…