Latest in Insurers Brace Losses
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L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - 1h -
WATCH: Insurance expert on how to prepare for insurance claims amid California fires
ABC News’ Linsey Davis speaks with insurance broker Karl Susman about the difficulty of insuring homes and making fire claims in California as residents begin to survey the damage left by the fire.ABC News - 8h -
Thousands of L.A. homeowners do not have insurance amid fires
Thousands of Los Angeles homeowners do not have home insurance. Several private insurers in California have either raised prices or completely removed their coverage in at-risk areas. Business ...CBS News - 9h -
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.Wired - 16h -
TikTok Creators and Brands Are Bracing for a Potential Ban
Billions in advertising flows through TikTok, which could be banned in the U.S. as soon as Jan. 19. Brands and creators are racing to prepare.The New York Times - 1d -
Whitehall braced for spending cuts after UK hit by bond market turmoil
Rising gilt yields mean government departments may face further squeezeFinancial Times - 6h -
What Californians should know about filing insurance claims after fire
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.CBS News - 13h -
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.CBS News - 15h -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - 19h -
California homeowners battle an 'insurance crisis' as wildfires burn out of control
The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is ...NBC News - 21h -
How business is bracing for a US-China trade war
President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing for a trade war that could eclipse the one that ...The Hill - 1d -
Hyundai pours $16.7bn into EV development at home as it braces for Trump tariffs
World’s third-largest carmaker is grappling with tougher competition abroad and sluggish demand in South KoreaFinancial Times - 1d -
Fed braces for Trump inflation bump
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed frets about impact of Trump policies on inflation Central bank officials ...The Hill - 1d -
Meta’s factchecking partners brace for layoffs
Meta has provided over $100m for certified organizations to conduct factchecks on its platforms since 2016. Mark Zuckerberg’s decision to end factchecking on Facebook and Instagram in the US ...The Guardian - 1d -
Can Americans end our abusive relationship with private health insurance?
What we mainly fear is that “breaking up” with the current private insurance model would be even worseThe Hill - 1d -
No. 1 Tennessee trounced by Florida in first loss
In front of 11,011 fans in Gainesville, No. 8 Florida thumped top-ranked Tennessee 73-43 to knock off the last unbeaten team in Division I men's basketball, an authoritative performance that gave ...ESPN - 1d -
Arteta laments 'different' Cup ball in Arsenal loss
Mikel Arteta has suggested Arsenal's failure to adapt to the Carabao Cup ball was a factor in Tuesday's 2-0 semifinal, first leg defeat to Newcastle United.ESPN - 1d -
Bank of England to relax rules for banks and insurers
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulationFinancial Times - 1d -
‘Delay, Deny, Defend’ author: Fix the insurance industry to calm Americans’ rage
Anger at insurers goes beyond health coverage.MarketWatch - 2d -
Los Angeles Braces for ‘Life-Threatening and Destructive’ Winds
Forecasters warned that a significant Santa Ana wind event this week could help wildfires spread quickly and erratically. Utility companies said they may pre-emptively cut off power to some customers.The New York Times - 3d -
Pope Francis should brace for a new dynamic in the US Catholic Church
With the second coming of Donald Trump, things will be different.The Hill - 3d -
Insurers limit coverage of prosthetic limbs, questioning medical need
Only 30% of beneficiaries who lost a limb in 2016 received a prosthesis within three years, a report found.CBS News - 3d -
Maiocco's Observations: Disastrous season ends with loss to Cardinals
The San Francisco 49ers ended a disastrous 2024 NFL season on Sunday with plenty more things going horribly wrong against the Arizona Cardinals.Yahoo Sports - 4d -
Edwards nets career-high 53 in loss to Pistons
The Pistons overcame Anthony Edwards' career-high 53 points to beat the Timberwolves on Saturday night.ESPN - 4d -
Lawmakers brace for Trump's promised Jan. 6 pardons. Some are urging restraint
The fourth anniversary of the Jan. 6 attack on the Capitol has a new focus as lawmakers brace for the prospect that Donald Trump may soon pardon many of the more than 1,500 people charged with ...ABC News - 4d -
Brea, Kentucky hand Florida first loss of season
Koby Brea scored 23 points and hit seven 3-pointers off the bench to lead No. 10 Kentucky over No. 6 Florida, handing the Gators their first loss of the season.ESPN - 5d -
Saracens rebound from heavy loss to beat Bristol
Saracens respond to a thumping Premiership defeat by Bath to hold off Bristol and end the Bears' record run of wins away from home.BBC News - 5d -
US braces for major winter storm moving across the country
Heavy snow and frigid temperatures are expected to impact more than 60 million across the country this weekend. NBC's Angie Lassman tracks the forecast.NBC News - 5d -
‘There will be a bit of a slump’: London braced for luxury hotel glut
Biggest number of room openings in more than a decade prompts concerns about oversupply and price cutsFinancial Times - 6d -
UK braces for heavy snow as travellers warned of road and rail disruption
Bitterly cold conditions fuelled by an Arctic blast are sweeping the UK and could result in disruption.BBC News - 6d -
5 ways seniors can lower their long-term care insurance costs in 2025
With these strategies, you can save on long-term care insurance costs while maintaining the coverage you need.CBS News - 6d -
U.S. braces for frigid temperatures, snow
Pittsburgh is already seeing snow and freezing temperatures as most of the U.S. prepares for a blast of cold air that promises extreme weather conditions for many Americans. CBS News Philadelphia's ...CBS News - 6d -
Smart stands by 'aggressive' playcalls in CFP loss
Georgia coach Kirby Smart says he doesn't regret aggressive offensive playcalls that backfired during the Bulldogs' College Football Playoff quarterfinal loss to Notre Dame in the Sugar Bowl.ESPN - 6d -
U.S. dollar index hits more than two-year high as markets brace for Trump return
Optimism around the U.S. economy was in focus as markets reopened following disrupted trade over Christmas and the New Year's holiday.CNBC - Jan. 2 -
Carville on Harris loss: ‘It is and it always will be the economy, stupid’
Democratic strategist James Carville, who coined the phrase “It’s the economy, stupid,” admitted his predictions for the 2024 race were wrong and that Democrats lost because of the economy. ...The Hill - Jan. 2 -
Small Businesses Brace Themselves for TikTok Ban
If the Jan. 19 ban on the popular social video platform goes into effect, millions of entrepreneurs will lose a valuable marketing and outreach channel.Inc. - Jan. 2 -
Much of the U.S. bracing for a big blast of winter — and serious cold
A blast of Arctic air will send temperatures dropping across the eastern United States this week — and the frigid conditions could linger longer and expose millions to a prolonged and dangerous ...NBC News - Jan. 2 -
Millions of children lost health insurance in Medicaid shake-up
Children were among the millions of people who lost Medicaid coverage after the government required states to reevaluate every recipient's eligibility. Some have been able to get benefits back, but ...NBC News - Dec. 31
