Construction Industry Faces Rising Insurance Risks Amid Data Center Boom and Labor Shortages
Global demand for data centers is driving construction growth, but rising costs, labor shortages, and climate risks are reshaping insurance pricing and underwriting strategies.
March 24
Catastrophe
Property
Risk Management
Technology
California
Root Insurance Pays $975K to Settle Data Breach That Exposed Driver’s License Info of Thousands in New York
New York AG Letitia James secured $975,000 from Root Insurance after a website vulnerability allowed hackers to steal over 44,000 New Yorkers’ driver’s license numbers.
March 24
Auto
Litigation
Risk Management
Technology
New York
Ohio
Kentucky Grants Temporary Registration for Unlicensed Adjusters After Severe Storms
Following tornadoes and severe storms on March 15, Kentucky is allowing unlicensed emergency adjusters to temporarily register and operate in three affected counties.
March 20
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Kentucky
New York Attorney General Sues National General and Allstate Over Data Breaches
New York Attorney General Letitia James has filed a lawsuit against National General and its parent company, Allstate, alleging failures in protecting consumer data, leading to two cyberattacks that exposed thousands of driver’s license numbers.
March 11
Insurance Industry
Legislation & Regulation
Litigation
Technology
New York
Safelite Reaches $31 Million Settlement in Insurance Fraud Lawsuit
Safelite and a former employee reached a $31 million settlement in lawsuits alleging the company engaged in fraudulent billing practices for auto glass repairs and cleaning services.
March 11
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Illinois
Tornado Strikes Florida TV Station During Live Broadcast
A tornado touched down near Orlando, Florida, striking a TV station during a live weather broadcast. Meteorologist Brooks Garner stayed on air as the storm passed over the studio.
March 11
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Dash Cam Captures Wild Hummer H2 Insurance Scam Attempt
A motorist in Denver narrowly avoided a suspicious insurance fraud attempt when a reckless Hummer H2 driver suddenly braked and reversed toward their vehicle. Thanks to a dash cam, the incident was recorded, showing what appears to be either an attempted scam or extreme road rage.
March 7
Auto
Fraud
Litigation
Risk Management
Colorado
Maryland Wildfires Decline in 2024, Falling Below Recent Averages
Maryland saw 165 wildfires in 2024, burning 953.4 acres. Arson was the leading cause, while the Eastern region had the most fires and acres burned. Learn more about key trends.
March 7
Catastrophe
Legislation & Regulation
Property
Risk Management
Maryland
Landlord Found Guilty of Murder After Tenants Die in Fire at Illegal Rental
A Washington, D.C. landlord was convicted of second-degree murder after two tenants died in a fire due to severe safety code violations, including blocked exits and missing smoke alarms.
March 7
Legislation & Regulation
Liability
Litigation
Risk Management
District Of Columbia
Key Barriers to Closing the Insurance Protection Gap Identified in Industry Poll
A recent poll highlights the biggest obstacles to addressing the global insurance protection gap, with conflicting priorities, data gaps, and regulatory issues emerging as major challenges.
March 7
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
AI Enhances Storm Risk Assessment for More Accurate Insurance Pricing
Traditional models for assessing severe convective storm risk rely on broad proxies like ZIP codes and roof age. AI-driven property-specific models offer insurers a more precise approach.
March 7
Insurance Industry
Property
Risk Management
Technology
Insurers Pay Nearly $7 Billion for Los Angeles County Wildfire Claims
Over 33,000 insurance claims have been filed following the Los Angeles County wildfires, with insurers paying $6.9 billion to date. California’s insurance commissioner has issued orders to expedite claim payments and prevent policy cancellations.
March 7
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Lloyd’s Warns of Extreme Space Weather Risks With $2.4 Trillion Economic Impact Projection
A new Lloyd’s systemic risk scenario reveals that a hypothetical extreme solar storm could result in a global economic loss of $2.4 trillion over five years.
March 5
Insurance Industry
Property
Risk Management
Technology
Organized Train Heists Targeting Nike Sneakers in California and Arizona Continue
Thieves have stolen nearly $2 million worth of Nike sneakers from BNSF trains in California and Arizona in a series of well-coordinated heists since last March. Despite multiple arrests, including a suspected ringleader, the thefts persist.
March 5
Fraud
Litigation
Property
Risk Management
Arizona
California
Texas Beekeepers Face Unprecedented Losses as Bee Populations Plummet
Texas beekeepers have lost nearly two-thirds of their honey bee colonies, threatening pollination services and increasing produce costs. Experts cite multiple factors but lack a clear cause.
March 5
Insurance Industry
Legislation & Regulation
Property
Risk Management
Texas
