State Farm says Illinois homeowners filed 50,000 severe weather claims through mid-June as tornadoes and hail continue driving losses. The new data adds context to the insurer’s ongoing dispute with Illinois regulators over homeowners insurance rates.
A federal appeals court ruled that the 2022 Jif peanut butter salmonella outbreak was a single occurrence under Smucker’s liability policies, rejecting an insurer’s effort to treat hundreds of contaminated product lots as separate occurrences.
Two insurers that reimbursed a New Jersey company for an alleged fraud loss are pursuing subrogation against Bank of America. The lawsuit claims the bank processed wire and ACH transfers after employees flagged them as fraudulent.
The June 24 earthquake sequence caused widespread destruction across northern Venezuela. Verisk says economic losses will likely exceed $10 billion while uncertainty remains high for insured losses because of low insurance penetration and economic instability.
A FIFA World Cup referee who operates an insurance advisory firm highlights a specialty insurance market that is expanding as abuse, liability exposures, and retention challenges increase for sports officials worldwide.
A review of nearly 2,000 closed malpractice claims found technical skill issues were the most common contributing factor, but clinical judgment failures produced the highest average indemnity payments. The findings offer new insight for underwriters, adjusters, and healthcare risk managers.
The World Meteorological Organization says confidence is growing that a strong El Niño will develop, increasing the likelihood of extreme weather, record temperatures, and catastrophe-related insurance claims through 2026 and into 2027.
Triple digit heat, wildfire conditions, severe storms, and a tropical disturbance are creating multiple exposures for insurers and claims professionals as millions of Americans face dangerous weather during the holiday week.
A new PEMCO survey shows many homeowners overestimate fire risk while underestimating costly water damage, creating opportunities for insurers and agents to promote leak detection technology during policy renewals.
A Connecticut appeals court ruled that photographs showing repairs made after a mail carrier’s fall should not have been admitted to prove the landlord was negligent, sending the premises liability case back for a new trial.
Construction IoT has matured from passive monitoring into automated environmental control that helps prevent losses, strengthen claims documentation, reduce litigation exposure, and support faster project recovery.
A JetBlue Airbus landed safely after the crew reported a drone strike during its approach to JFK. The incident highlights unresolved questions about aviation liability, subrogation, and insurance coverage when drone operators cannot be identified.
As luxury yacht ownership expands across South Florida, abandoned vessels, marina shortages, and rising boating accidents are creating new risks for insurers, marine adjusters, and local governments.
Higher theft rates, expensive repairs and underwriting changes are making high-performance vehicles increasingly difficult to insure, even as used prices become more attractive.
The publication of stolen NAIC data has interrupted investment designation activities and highlights how attacks on insurance regulators can ripple across the industry. Investigators continue to assess the breach while insurers monitor potential operational and cybersecurity impacts.
