McKinsey: Farmers Turn to AI as Weather, Costs Strain Agriculture
McKinsey’s survey of 5,500 farmers finds extreme weather is a leading threat to farm profits in several markets, while growers facing tighter margins are delaying purchases and adopting AI for day-to-day decisions.
September 9
Catastrophe
Insurance Industry
Property
Risk Management
TRIA Reauthorization Won’t Eliminate Terrorism Insurance Coverage Gaps
Congress is moving toward extending the federal terrorism insurance program through 2034, but certification requirements, cyber risks and exclusions in underlying policies could still determine whether losses are covered after an attack.
September 8
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Technology
Extreme Drought Covers 44% of Puerto Rico as Water and Farm Losses Mount
Extreme drought covered 44% of Puerto Rico by late August after rainfall fell far below normal in parts of the territory. Water rationing, crop losses and dwindling hay supplies have accompanied local and federal disaster declarations.
September 8
Catastrophe
Insurance Industry
Property
Risk Management
Hurricane Marie to Bring Dangerous Surf, Coastal Flooding Risk to Southern California
Marie is expected to remain well offshore, but forecasters warn its swell could produce dangerous rip currents, large waves and coastal flooding along Southern California, with the strongest effects expected Sunday and Monday.
September 3
Catastrophe
Property
Risk Management
California
Federal Judge Strikes Down New York’s $75B Climate Damage Fund
A federal judge ruled that New York exceeded its authority by requiring major fossil fuel producers to finance $75 billion in climate-related infrastructure and resilience projects.
September 3
Catastrophe
Legislation & Regulation
Litigation
Property
New York
Hurricane Center Tracks 3 Tropical Waves as Atlantic Season Nears Peak
Former Tropical Storm Edouard continues to produce heavy rain and flooding in Texas while the National Hurricane Center monitors three tropical waves across the Atlantic. No hurricane is currently threatening Florida, though periods of heavy rain are expected.
September 3
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Texas
Tropical Storm Edouard Threatens Texas, Louisiana With Flooding, Storm Surge
Heavy rainfall, damaging wind gusts and up to 5 feet of storm surge could generate property and flood losses along the Gulf Coast, with flooding also threatening the Houston area.
September 1
Auto
Catastrophe
Insurance Industry
Property
Risk Management
Louisiana
Texas
Tropical Systems Threaten Florida, Gulf Coast With Heavy Rain and Flooding
Dolly’s remnants could soak South Florida later this week while a Gulf system may develop into Tropical Storm Edouard. Heavy rain and localized flooding could extend from Texas and Louisiana through Tampa and Orlando.
August 31
Auto
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Louisiana
Texas
Tropical Storm Dolly Forms in Atlantic, Flood Risk Targets Caribbean
The fourth named storm of the 2026 Atlantic hurricane season is forecast to weaken before reaching the Leeward Islands, but heavy rainfall could still trigger flash flooding across parts of the Caribbean.
August 27
Catastrophe
Insurance Industry
Property
Risk Management
Atlantic Tropical Threats Develop as Hawaii Faces More Storm Rain
Two Atlantic disturbances have a chance to develop this week, while Moke brings more rain and flood concerns to storm-weary Hawaii.
August 24
Catastrophe
Insurance Industry
Property
Risk Management
Hurricane Lala Triggers First U.S. Coral Reef Insurance Payout
A $200,000 parametric payment will fund rapid coral reef assessment and repairs in Hawaii, showing how catastrophe insurance can respond without the traditional claims adjustment process.
August 24
Catastrophe
Insurance Industry
Property
Risk Management
Technology
Hawaii
Catastrophe Models Lack Key Data on How Disasters Unfold
Catastrophe models can map where damage occurred, but often lack detailed data showing when and how an event developed. Continuous satellite observations could improve wildfire modeling, claims aggregation, hours clauses, parametric triggers, and mitigation credits.
August 24
Catastrophe
Insurance Industry
Property
Risk Management
Technology
Insurers Use AI to Track Roof Deterioration Before Catastrophes
AI-derived property observations are giving insurers a clearer view of roof deterioration between catastrophes, providing claims teams with more information about pre-loss conditions when severe weather strikes.
August 20
Catastrophe
Insurance Industry
Risk Management
Technology
Underwriting
Tornado Alley Shift East Raises Insurance Claim Severity
Tornado and severe thunderstorm activity is shifting toward more populated areas in the eastern U.S., where higher property exposure and reconstruction costs are increasing insurance claim severity even as national tornado volume declines.
August 13
Catastrophe
Insurance Industry
Property
Risk Management
Illinois
Indiana
Kansas
Oklahoma
Texas
Private Hurricane Evacuation Service Offers Florida Residents Guaranteed Flights
A new Florida company is offering annual memberships that guarantee seats on chartered evacuation flights during hurricanes. The service raises questions about disaster preparedness, evacuation access, and how private solutions may reshape catastrophe response.
August 6
Catastrophe
Property
Risk Management
Florida
Georgia
