Natural Disasters and Legal Pressures Are Driving Up Homeowners Insurance Costs Nationwide
Homeowners insurance is becoming less affordable nationwide as natural disasters, legal system strain, and rising repair costs drive premiums higher, especially in disaster-prone states.
June 11
Catastrophe
Insurance Industry
Litigation
Property
Alaska
Florida
Louisiana
Maryland
Mississippi
Fishermen Face Rising Safety Risks as Federal Training Programs Lose Funding
Federal budget cuts threaten safety training programs for fishing, farming, and logging workers—among the nation’s most dangerous jobs—potentially leaving crews at greater risk.
June 2
Catastrophe
Education & Training
Legislation & Regulation
Risk Management
Alaska
Florida
Iowa
Maine
Massachusetts
Tort Costs Rising Faster Than Inflation and GDP, Study Finds
A new study from the Institute for Legal Reform reveals that U.S. tort costs have risen at an annual rate of 7.1% from 2016 to 2022, exceeding both inflation and GDP growth.
February 6
Insurance Industry
Legislation & Regulation
Liability
Litigation
Alaska
California
Delaware
Florida
Louisiana
NOAA Proposes $575 Million for Coastal Climate Resilience
NOAA recommends $575 million in funding for 19 projects to enhance coastal climate resilience under the Investing in America agenda.
July 31, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alaska
California
Delaware
Hawaii
Louisiana
Alaska Supreme Court Clarifies Workers’ Compensation Coverage in Friendship-Based Employment Case
The Alaska Supreme Court ruled that hiring a friend for work on another friend’s property does not exempt the employer from workers’ compensation coverage, rejecting the so-called "buddy exemption."
July 30, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Alaska
New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health
Recent research from the FIRST Center highlights significant differences in state workers’ compensation laws for first responders with mental health conditions, emphasizing the need for uniform presumption laws.
July 16, 2024
Legislation & Regulation
Life & Health
Risk Management
Workers' Compensation
Alaska
Arizona
California
Colorado
Connecticut
Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks
Climate change intensifies extreme precipitation, escalating flood risks across the U.S. with significant increases in the Northeast and Midwest.
May 6, 2024
Catastrophe
Property
Risk Management
Alabama
Alaska
Georgia
Hawaii
Kentucky
States Begin to Implement NAIC’s AI Guidelines for Insurers, Marking a New Regulatory Era
With the adoption of NAIC’s AI framework by seven states, insurers face the challenge of implementing comprehensive AI governance and risk management programs.
April 11, 2024
Insurance Industry
Legislation & Regulation
Technology
Alaska
California
Colorado
Connecticut
Illinois
FloodFlash Revolutionizes Flood Insurance with Innovative Sensor Technology in the U.S.
FloodFlash, with its unique sensor-based parametric flood insurance, is transforming the flood coverage landscape in the U.S., offering more accurate and reliable policies.
January 31, 2024
Property
Risk Management
Technology
Alaska
Hawaii
Dispute Over Cigarette Ends in Anchorage Apartment Fire
A federal grand jury in Alaska has returned an indictment against 24-year-old Paul Bates of Anchorage, charging him with intentionally starting a fire in an apartment building on October 30, 2022.
September 27, 2023
Property
Weird
Alaska
Record Glacial Flooding Hits Juneau, Alaska
Unprecedented glacial flooding over the weekend swept away two homes and severely damaged others in Alaska’s capital city, officials said Sunday. No injuries have been reported, but floodwaters took part of a third home and caused ‘significant undermining’ damage to a condominium building, said Juneau Deputy City Manager Robert Barr.
August 7, 2023
Property
Alaska
Ice Jam Flooding Ravages Two Alaska Communities; Homes Lost, State of Emergency Declared
Severe flooding caused by historic ice jams along the Yukon and Kuskokwim rivers has resulted in significant destruction of homes and infrastructure in two communities in Alaska.
May 19, 2023
Property
Alaska
Alaska Reels from Historic Storm that Caused Widespread Flooding
Western Alaska was reeling Monday from the most intense storm ever recorded in the Bering Sea during the month of September brought hurricane force winds and record high storm surge flooding along the coastline.
September 19, 2022
Property
Alaska
Damage Estimates Expected To Climb From Massive New Mexico Wildfire
The destruction caused by the largest wildfire burning in the U.S. has been devastating for thousands of residents and their lives have been forever disrupted and altered, New Mexico’s governor said Tuesday after touring the damage in one county.
June 10, 2022
Property
Alaska
Arizona
Colorado
New Mexico
Pilot, Five Passengers Killed in Alaska Sightseeing Plane Crash
A sightseeing plane crashed Thursday in southeast Alaska, killing all six people on board, the U.S. Coast Guard said.
August 6, 2021
Excess & Surplus Lines
Workers' Compensation
Alaska
