FEMA Partners with 27 Reinsurers to Transfer $758M in Flood Insurance Risk
FEMA has expanded its flood insurance reinsurance program for 2025, transferring $758 million in risk to 27 private reinsurers and covering portions of losses from catastrophic flood events.
January 21
Catastrophe
Insurance Industry
Property
Risk Management
Consumers Weigh in on AI Use in Severe Weather Insurance
A new report reveals mixed consumer opinions on insurers using AI for severe weather predictions, highlighting the need for transparency and education to build trust in these tools.
January 21
Insurance Industry
Property
Risk Management
Technology
Connecticut
Efforts Intensify to Combat Fraud Targeting Wildfire Survivors in Southern California
California authorities, including Insurance Commissioner Ricardo Lara, are addressing rising fraud cases after wildfires, deploying resources to protect survivors and prosecute scammers.
January 21
Catastrophe
Fraud
Litigation
Risk Management
California
Florida and Alabama Declare Emergencies as Rare Snowstorm Approaches
Florida and Alabama declared states of emergency as a rare snowstorm approached the region, prompting closures, emergency measures, and National Guard activation.
January 21
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
Alabama
Florida
Cyber Insurance Growth Set to Continue Amid Evolving Threat Landscape
As cyber risks grow more complex, the insurance market is evolving with higher limits, new coverage options, and reinsurance strategies to meet increasing demand.
January 20
Insurance Industry
Risk Management
Technology
General Motors Agrees to FTC Settlement Over Driver Data Privacy Issues
General Motors will be restricted from collecting and sharing driver data for five years following an FTC settlement addressing claims of undisclosed data sales to third parties.
January 20
Legislation & Regulation
Litigation
Risk Management
Technology
Texas
LA Wildfires Cause $1.9M Average Insured Loss Per Structure, Over 17,000 Properties Impacted
The Palisades and Eaton wildfires in Los Angeles have damaged or destroyed 17,027 structures, with estimated insured losses reaching $32.5 billion, making this one of the costliest wildfire events in U.S. history.
January 20
Catastrophe
Excess & Surplus Lines
Property
Risk Management
California
What the Basquiat Forgeries Teach About Art Insurance for Homeowners
The $19.7 million Basquiat forgery case highlights the importance of proper appraisals and tailored insurance coverage for art and collectibles, even for homeowners.
January 20
Insurance Industry
Litigation
Property
Risk Management
Florida
Cyber Risks Dominate Global Business Concerns as Climate Change Climbs Rankings
Cyber incidents, including ransomware and IT disruptions, top the global risk list for the fourth consecutive year, while climate change rises to its highest position ever in the Allianz Risk Barometer.
January 20
Insurance Industry
Risk Management
Maryland
Transforming Change Management for the AI Era
Traditional change management strategies no longer work in today’s fast-paced, AI-driven world. Amy Radin outlines a revolutionary, people-focused approach to organizational transformation.
January 17
Education & Training
Insurance Industry
Risk Management
Technology
Insurance Challenges and Strategies in the Growing Space Debris Crisis
The rising threat of space debris poses significant challenges to insurers, necessitating innovative solutions for risk assessment, liability management, and global collaboration.
January 17
Insurance Industry
Liability
Risk Management
Technology
Property & Casualty Insurance Market Sustains Underwriting Profit Growth into 2025
The U.S. property and casualty insurance industry is poised for continued profitability, fueled by improving personal auto results, economic growth, and challenges in commercial lines.
January 17
Auto
Property
Underwriting
Workers' Compensation
AI Tools Drive Workplace Mental Health Support Innovation
Workplace mental health strategies are transforming as AI-powered tools rise in popularity, traditional EAPs face challenges, and employee needs evolve, per Unmind’s 2025 survey.
January 17
Insurance Industry
Risk Management
Technology
Texas Accuses Allstate of Illegally Using Driver Data to Raise Insurance Rates
Texas has sued Allstate, claiming it illegally gathered sensitive driver data without consent, used it for underwriting, and sold it to third parties, violating state privacy laws.
January 14
Auto
Legislation & Regulation
Litigation
Technology
Texas
Most Homeowners Feel Ready for Severe Weather Despite Rising Risks
A recent IRC survey reveals that while most homeowners feel prepared for severe weather, awareness of mitigation strategies, premium savings, and legal system impacts remains limited.
January 14
Catastrophe
Litigation
Property
Risk Management
