Antarctic Sea Ice Reaches Second Lowest Maximum Extent on Record in 2024
In 2024, Antarctic sea ice reached its second lowest maximum extent in recorded history at 17.16 million square kilometers, just above the 2023 record low, highlighting ongoing concerns about sea ice trends.
October 4, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
Digital Payment Trust Eroded by Cyber Scams Amid Growing Global Transactions
As digital payments grow globally, cyber scams are increasingly undermining trust in the system. Chubb’s survey reveals how fraud affects user confidence and how insurance can help restore it.
October 4, 2024
Fraud
Insurance Industry
Risk Management
Technology
Atlantic Hurricane Activity Predicted to Surge Through Mid-October 2024
Colorado State University forecasters predict above-normal hurricane activity from October 1-14, 2024, with an extremely high likelihood of major storms in the Atlantic and Caribbean regions.
October 4, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Solar Energy Growth Sparks Surge in Construction Claims
The rapid growth of solar energy is driving an increase in construction-defect claims, as industry experts highlight risks such as fire, environmental concerns, and insurance coverage issues.
October 4, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Florida
Texas
How to Address Three Common Mental Health Concerns in Workers’ Comp Claims
Workers’ comp claims involving mental health conditions can be costly and complex. Understanding the three main types of concerns can help adjusters mitigate risks and reduce claim costs.
October 4, 2024
Risk Management
Technology
Workers' Compensation
Tennessee School District Duped Out of $3.4 Million in Curriculum Vendor Scam
A rural Tennessee school district was swindled out of over $3 million when a finance officer unknowingly wired funds to a fraudster impersonating a legitimate curriculum vendor, part of a growing wave of email scams targeting schools.
October 1, 2024
Education & Training
Fraud
Litigation
Technology
Arizona
Ohio
Tennessee
Texas
Florida Insurers Face Fraud Allegations as New Storm Claims Loom, CBS Highlights Adjusters’ Concerns
As Florida prepares for new storm-related claims, CBS News’ "60 Minutes" investigates allegations by adjusters that insurers manipulated damage estimates from Hurricane Ian to underpay policyholders.
October 1, 2024
Catastrophe
Fraud
Litigation
Property
Florida
Carolina Residents and Agents Shocked by Inland Damage from Hurricane Helene
Insurance agents in Asheville, North Carolina, report unprecedented inland damage from Hurricane Helene, with widespread flooding, fallen trees, and road closures hampering recovery efforts.
October 1, 2024
Catastrophe
Insurance Industry
Property
Risk Management
North Carolina
Tennessee
Small Businesses Face Rising Threats from AI-Driven Scams
A survey reveals that a quarter of small business owners have been targeted by AI-generated scams, using tactics like email, voice, and video impersonation, exposing them to significant fraud risks.
October 1, 2024
Fraud
Insurance Industry
Risk Management
Technology
Hurricane Helene Signals Emerging Inland Threat as Storms Retain Strength
Hurricane Helene’s unprecedented inland devastation highlights the growing danger of the "brown-ocean effect," a phenomenon that may allow future hurricanes to retain strength as they move further inland.
October 1, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
North Carolina
Strategies to Combat Insurance Fraud With AI and Specialized Training
Insurance companies are turning to AI-powered technology and enhanced training programs to combat increasingly sophisticated fraudulent claims, aiming to minimize financial losses and improve claims handling efficiency.
September 30, 2024
Education & Training
Fraud
Insurance Industry
Technology
Florida Homeowners Left Stunned by Altered Insurance Reports After Hurricane Ian
Florida homeowners, devastated by Hurricane Ian, discovered their insurance reports had been altered to significantly lower payouts. Whistleblowers claim widespread fraud, accusing multiple carriers of manipulating damage assessments.
September 30, 2024
Catastrophe
Fraud
Litigation
Property
Florida
Hurricane Helene’s Economic Impact Could Reach $160 Billion Due to Infrastructure Destruction and Business Losses
Economic estimates for Hurricane Helene project up to $160 billion in damage, driven by widespread infrastructure failure, property loss, business disruption, and long-term recovery costs.
September 30, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Georgia
Kentucky
North Carolina
Ohio
Key Restaurant Insurance Claims Insights to Help Adjusters Minimize Payouts
Understand the most frequent and costly insurance claims in the restaurant industry, from equipment breakdown to employee injury, and how claims adjusters can help mitigate risks.
September 30, 2024
Liability
Property
Risk Management
Workers' Compensation
California
Florida
Michigan
Mississippi
New Jersey
Helene Hits Florida as Category 4 Hurricane, Unveils Critical Flood Insurance Gap
Hurricane Helene’s catastrophic flooding from Florida to North Carolina exposes the serious lack of flood insurance coverage among homeowners, especially in inland areas, highlighting the increasing risks from extreme weather events.
September 30, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Kentucky
North Carolina
South Carolina
