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As of 11:30 a.m. EST on Dec. 7, more than 100 structures have been destroyed by the still active Thomas, Skirball, Creek, and Rye Fires, which have burned 116,080 acres in total.

As of 11:30 a.m. EST on Dec. 7, more than 100 structures have been destroyed by the still active Thomas, Skirball, Creek, and Rye Fires, which have burned 116,080 acres in total.

The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires.

Even with one of the costliest hurricane seasons on record, large insurers in the U.S. tended to post third-quarter results that topped Wall Streets estimates. The exception is American International Group Inc.

Berkshire is likely to report big claims costs during the third quarter at its insurance subsidiaries because of natural disasters including Hurricanes Harvey and Irma.

A new report from Lloyd's and RMS proposes more use of downward counterfactual risk analysis to better predict losses and mitigate risks.

Some may assume insurers aren't taking the lead when it comes to raising climate change awareness. That's not the case.

Total aggregated economic losses in the U.S. from severe weather in May exceed $4 billion, while public and private insurers faced a combined payout approaching $3 billion.