NFIP Flood Insurance Claims Surge to 54,000 After Hurricane Helene, FEMA Reports
Following Hurricane Helene’s landfall in Florida, over 54,000 NFIP flood insurance claims have been filed, with FEMA reporting $480 million in early claims payments. This storm, among the most significant for NFIP, may see more claims as impacted areas become accessible.
October 28, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Texas A&M Research Links Climate Change to Increased Hurricane Rainfall in the Southeast
A Texas A&M study shows a nearly 20% increase in extreme rainfall during storms like Hurricane Helene, linking climate change to intensified flooding risks across the southeastern United States.
October 28, 2024
Catastrophe
Property
Risk Management
Florida
Georgia
North Carolina
Texas
Widespread Flooding from Hurricane Helene Spotlights Inland Insurance Gaps
The devastation from Hurricane Helene reveals a significant inland flood-protection gap, particularly in flood-prone communities without sufficient insurance coverage, where misinformation and funding challenges further slow recovery efforts.
October 28, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
Florida
Georgia
Kentucky
New Jersey
New York
Expanding Long-Term Care Insurance to Support Aging Americans
With premiums on the rise and limited access to long-term care insurance, the industry is exploring innovative solutions to expand coverage, reduce costs, and better prepare Americans for the high cost of senior care.
October 28, 2024
Education & Training
Insurance Industry
Life & Health
Risk Management
New Cyber Risk Management Certification by The Institutes Aims to Strengthen Cyber Security Expertise
The Institutes have introduced the Associate in Cyber Risk Management (ACRM) designation to equip risk managers, underwriters, and brokers with advanced knowledge and skills in managing cyber risks, a top concern for modern businesses.
October 28, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Hurricane Milton Causes $2 Billion in Insured Losses in Florida
Hurricane Milton has resulted in over $2 billion in insured losses in Florida, with more than 230,000 claims filed. Most claims are for residential properties, and 12.8% have been closed so far.
October 23, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Employers Face Rising Scrutiny Over Worker Safety Amid Natural Disasters
As natural disasters become more frequent, lawsuits are shining a light on employer responsibility for worker safety. Recent cases in Tennessee and Kentucky highlight the legal risks companies face without proper emergency plans.
October 23, 2024
Catastrophe
Litigation
Risk Management
Workers' Compensation
Kentucky
Missouri
New York
Tennessee
Fraud Costs for SNAP Agencies Soar, Driven by EBT Skimming and System Complexities
The latest LexisNexis "True Cost of Fraud" Study highlights increasing fraud costs in SNAP programs, emphasizing the impacts of EBT skimming, integrated eligibility systems, and operational delays on both staff and beneficiaries.
October 23, 2024
Fraud
Legislation & Regulation
Risk Management
Technology
Supporting Employees with Chronic Pain: Boosting Wellbeing and Productivity
Chronic pain affects millions of workers, impacting both their wellbeing and workplace productivity. By understanding its challenges and implementing strategies, employers can promote better health and business success.
October 23, 2024
Education & Training
Life & Health
Risk Management
Workers' Compensation
Essential Insurance Tips for First-Time Homebuyers
First-time homebuyers face numerous challenges, from navigating flood insurance to understanding builder’s risk coverage. Knowing the right insurance options is crucial for managing financial and property risks.
October 23, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Strengthening Cybersecurity to Combat Evolving Digital Threats
As cyberattacks grow in frequency and complexity, organizations must adopt a modern approach to cybersecurity. By focusing on education, risk assessment, and prevention, businesses can stay ahead of evolving threats.
October 23, 2024
Education & Training
Insurance Industry
Risk Management
Technology
FAA Finalizes Training and Certification Rules for Air Taxi Pilots, Paving the Way for Urban eVTOL Flights
The FAA’s new pilot certification and training rules for air taxis mark a major step toward the deployment of electric vertical takeoff and landing (eVTOL) aircraft, with companies eyeing 2025 for passenger services.
October 23, 2024
Legislation & Regulation
Risk Management
Technology
California
New York
Workers’ Comp Ghost Policies Are Increasing Risks for Small Businesses
Ghost policies, a type of fraudulent workers’ comp coverage, are leaving businesses and employees exposed to high risks, especially in states where such policies remain legal.
October 21, 2024
Fraud
Legislation & Regulation
Risk Management
Workers' Compensation
Colorado
North Carolina
Caught Red-Handed: Watch This Shocking Insurance Scam Unravel Thanks to a Dash Cam
A brazen insurance fraud attempt on a busy Queens highway was foiled by a dash cam, capturing every moment the scammers realized their scheme was being recorded—proof that a dash cam could save you from a costly setup.
October 21, 2024
Auto
Fraud
Litigation
Technology
New York
Workers Compensation Report Highlights Profitable Year in 2023
NCCI’s State of the Line report reveals a profitable year for workers compensation in 2023, with underwriting gains, premium growth, and declining claim frequency contributing to industry success.
October 21, 2024
Insurance Industry
Risk Management
Underwriting
Workers' Compensation
