P&C Industry News


Insurance Journal

  • Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster February 12, 2025
    The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25 billion (US$2.2 billion), according to the Insurance Bureau of Canada, quoting statistics issued by Catastrophe Indices and Quantification Inc. (CatIQ). …
  • Edison Utility Faces Shareholder Lawsuit Over LA Wildfires February 12, 2025
    The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage. Tuesday’s proposed class action …
    Admin
  • EU Weighs Easing Corporate Liability Under Toughest ESG Law February 12, 2025
    The European Union is reviewing the extent to which companies can be held liable for environmental and human rights breaches in their supply chains, ahead of a package designed to remove red tape from the bloc’s ESG regulatory framework. The …
    Admin
  • Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net February 12, 2025
    Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in early 2024. He delivered the grain before both companies declared bankruptcy, leaving him short C$165,000 ($113,487.86) they owed. Now Prybylski …
    Admin
  • Cyclone Zelia Strengthens Off Australia’s Major Iron Ore Hub February 12, 2025
    Tropical Cyclone Zelia has strengthened off Western Australia and is expected to cross the coast on Friday near the nation’s major iron ore export hub, bringing heavy rain and damaging wind gusts. Zelia is forecast to intensify further as it …
    Admin

Insurance News Net

Unable to display feed at this time.

Business Insurance

Unable to display feed at this time.