Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities
Hurricane Helene, a Category 4 storm, caused catastrophic flooding and destruction from Florida’s coast to the Southern Appalachians. Research shows climate change intensified its rainfall, winds, and flooding risks.
October 11, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina
Tennessee
Citi Field Faces Class Action Over Alleged Illegal Use of Facial Recognition Technology
A proposed class action accuses Sterling Mets, L.P., the company behind Citi Field, of illegally collecting and sharing visitors’ biometric data using facial recognition technology, violating New York City’s biometrics law.
October 11, 2024
Legislation & Regulation
Liability
Litigation
Technology
New York
Perrier Faces Contamination Crisis as Water Source Suffers Fecal and Pesticide Pollution
Perrier, a leading luxury water brand, faces a contamination crisis after fecal matter and banned pesticides were found in its wells. With production halted and millions of bottles destroyed, Nestlé’s management of the iconic brand is under scrutiny.
October 11, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Cyber Claims in 2024 Surge with Ransomware and AI as Key Drivers
Ransomware severity spiked, driving a 14% increase in claims, while AI contributed to rising business email compromise cases in the first half of 2024.
October 11, 2024
Fraud
Property
Technology
Former Insurance Agent Convicted for Fraud After Stealing Nearly $200,000 in Premiums
A former insurance agent from Mission Viejo has been convicted on 90 counts of insurance fraud, theft, and elder abuse after stealing nearly $200,000 in premium payments and leaving 32 clients without coverage.
October 11, 2024
Fraud
Insurance Industry
Litigation
Property
California
Cyberattack on American Water Highlights Urgency of Infrastructure Security
A cyberattack on American Water, the largest U.S. regulated water utility, has paused billing services and renewed concerns over the security of critical infrastructure.
October 11, 2024
Legislation & Regulation
Property
Risk Management
Technology
New Jersey
Second Umpire Alleges Retaliation in Lawsuit Against MLB
A second minor league umpire claims wrongful termination in a lawsuit against Major League Baseball, alleging retaliation after he reported being sexually assaulted by a female colleague.
October 11, 2024
Insurance Industry
Legislation & Regulation
Litigation
Workers' Compensation
Arizona
New York
Louisiana Homeowners Targeted by Roofing Contractor in Alleged Insurance Fraud Scheme
A Louisiana couple was allegedly targeted by a fraudulent contractor who caused intentional roof damage, misrepresenting it as storm-related in an attempt to file an inflated insurance claim.
October 11, 2024
Fraud
Insurance Industry
Litigation
Property
Louisiana
Outdoor Work Faces New Dangers from Rising Heat and Air Pollution
As heatwaves and air pollution intensify, employers must adopt protective measures to ensure the health and safety of outdoor workers, reducing accidents and costly business interruptions.
October 11, 2024
Property
Risk Management
Technology
Workers' Compensation
California Supreme Court Exempts Public Employers from PAGA Claims on Wage and Break Laws
The California Supreme Court ruled that public employers are not subject to civil penalties under the Private Attorneys General Act (PAGA) and are exempt from certain wage and break laws unless explicitly stated.
October 11, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
California
Personal Lines Underwriting Sees Gains, Narrowing the Gap with Commercial Lines
Improved underwriting results for personal lines in the first half of 2024 have reduced the performance gap with commercial lines, driven by premium growth in personal auto and homeowners insurance.
October 11, 2024
Auto
Property
Risk Management
Underwriting
Rethinking Hurricane Risk: Why a Wind-Focused Approach Misses the Real Threat
As climate change fuels stronger storms, the Saffir-Simpson scale’s wind-only focus is outdated. A refined system accounting for flooding, storm surge, and storm duration could improve safety and insurance coverage.
October 10, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Hurricane Milton Could Deplete U.S. Insurers’ Catastrophe Budgets, Global Reinsurers Likely to Endure
Hurricane Milton, a Category 5 storm expected to strike Florida, threatens to deplete U.S. property/casualty insurers’ catastrophe budgets and test global reinsurers’ limits, though most are expected to weather the storm without significant capital impacts.
October 10, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina
Waffle House Index Signals Severe Impact from Hurricane Milton in Florida
The Waffle House Index, a quirky yet reliable gauge of storm severity, shows widespread closures across Florida as Hurricane Milton approaches, warning of significant damage and disruption.
October 9, 2024
Catastrophe
Property
Risk Management
Technology
Florida
Georgia
North Carolina
South Carolina
Florida Urges EV Owners to Prepare for Fire Hazards as Hurricane Milton Approaches
Florida officials are cautioning residents about the potential fire hazards posed by lithium-ion batteries in EVs and other devices, urging proactive steps to prevent accidents as Hurricane Milton approaches.
October 9, 2024
Auto
Catastrophe
Property
Risk Management
Technology
Florida
