
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
Catastrophe
Litigation
Property
Risk Management

Rising Risks in Homeowners Insurance Demand Swift Action
The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.
January 14, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Colorado
Florida
Hawaii
Louisiana

Billions in Losses Loom for Insurers as LA Wildfires Rage
Moody's projects insured losses from uncontained LA wildfires to range from $10 billion to $20 billion, impacting homeowners, commercial insurers, and the E&S market amid California's ongoing insurance challenges.
January 13, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California

Insurers Face Major Net Losses from Los Angeles Wildfires, Highlighting Reinsurance Dynamics
The Los Angeles wildfires are projected to result in $20 billion in insurance losses, prompting reinsurance recoveries for some carriers as analysts assess exposure across property and auto lines.
January 13, 2025
Catastrophe
Property
Risk Management
California

Aerial Firefighting Ramps Up as California Wildfires Devastate Los Angeles
California's Palisades Fire has consumed thousands of acres and homes, with high winds complicating firefighting efforts. Federal aid and state resources aim to assist affected residents.
January 13, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California

Systemic Cyber Risk: Assessing Aggregation in Healthcare and Maritime Industries
The Lloyd's Market Association introduces a framework for evaluating systemic cyber risks, focusing on healthcare and maritime industries, to aid insurers in risk management.
January 13, 2025
Insurance Industry
Risk Management
Technology

USDA Studies Find Elevated Health Risks for U.S. Meat Plant Workers
Two USDA studies reveal that U.S. chicken and pork plant workers face significantly higher risks of musculoskeletal disorders, raising concerns about workplace safety in the industry.
January 13, 2025
Legislation & Regulation
Liability
Risk Management
Workers' Compensation




