
Hurricane Wind Speeds Surge 18 MPH in Five Years, Study Reveals
A recent study attributes an 18 MPH rise in Atlantic hurricane wind speeds since 2019 to climate change, highlighting the impact of elevated sea surface temperatures.
November 20, 2024
Catastrophe
Insurance Industry
Risk Management

P&C Insurance Embraces Advanced Technology to Tackle Weather and Cyber Risks
Property and casualty insurers are adopting AI and aerial imagery to address climate challenges, cybersecurity concerns, and improve underwriting accuracy, according to a Nearmap report.
November 20, 2024
Catastrophe
Property
Risk Management
Technology

Rising Roof Claims Challenge Insurers Amid Severe Weather and Roofing Scams
Severe weather, inflation, and roofing scams are driving a surge in roof-related insurance claims, forcing the industry to adjust coverage and policy conditions to manage risks.
November 18, 2024
Catastrophe
Fraud
Insurance Industry
Property
Texas

Insurers Turn to AI Models to Tackle Rising Losses from Extreme Weather
A ZestyAI survey reveals growing confidence in AI risk models, with insurers emphasizing the importance of innovation in addressing climate-related challenges and profitability.
November 18, 2024
Catastrophe
Insurance Industry
Risk Management
Technology

Navigating Flood Insurance Challenges After Hurricanes Helene and Milton
Hurricanes Helene and Milton highlight significant issues in the U.S. flood insurance market, showcasing the gaps in coverage, private market growth, and lessons from Florida’s response.
November 18, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

AI Revolutionizes Hurricane Forecasting with Unprecedented Accuracy
AI weather models like GraphCast demonstrated remarkable accuracy during this hurricane season, outperforming traditional models in predicting storm tracks but facing challenges with intensity forecasting.
November 15, 2024
Catastrophe
Risk Management
Technology
Louisiana
Texas

New Climate Research Reveals Worsening Global Conditions in 2024
As COP29 unfolds in a year of record-high temperatures, new research reveals accelerating climate effects, from supercharged storms and wildfire deaths to a slowing Atlantic current, raising concerns about a range of tipping points.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
North Carolina

Massachusetts Wildfires Spread as Drought and High Winds Intensify Risks
Ongoing drought and high winds have sparked severe brush fires across Massachusetts, with over 1,500 acres already burned this season. Officials urge caution as red flag warnings remain in place.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Maine
Massachusetts
New Hampshire

Rising Inland Flood Risk Demands Urgent Attention in U.S.
The Insurance Information Institute’s latest report highlights the increasing flood risks faced by inland areas due to shifting weather patterns. Hurricanes, tropical storms, and thunderstorms are pushing the boundaries of flood-prone regions, underscoring the need for better insurance coverage, flood resilience, and mitigation strategies to bridge the protection gap in non-coastal communities.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Kentucky
New Jersey
New York

Florida Hurricane Damage Claims Reach $4.775 Billion After Hurricanes Helene and Milton
Insurance claims in Florida from Hurricanes Helene and Milton have reached $4.775 billion, up $169 million from last week’s total. The storms have left extensive residential and commercial property damage, according to the Office of Insurance Regulation.
November 12, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Georgia
North Carolina
South Carolina
Tennessee

Maximizing Flood Preparedness Benefits for Insurers and Policyholders, Swiss Re Institute Study Finds
A new Swiss Re Institute study reveals that proactive flood preparedness, from resilient infrastructure to policy measures, could substantially reduce economic losses, protecting both insurers and policyholders. The research highlights cost-effective flood adaptation methods and the potential for public-private partnerships in climate adaptation efforts.
November 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management

US Faces Mounting Losses from November Storms as Extreme Weather Intensifies
Early November storms, including tornadoes, flooding, and wildfires, caused extensive damage across multiple states, leaving insurers facing substantial losses and highlighting the rising frequency of severe weather events across the US.
November 11, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
California
Missouri
Oklahoma

Florida Communities’ Resilience Investments Prove Effective Against Hurricane Milton
As Hurricane Milton hit Florida, resilience-focused communities like Babcock Ranch and Hunters Point emerged unscathed, showcasing how disaster preparedness measures protect homes and reduce long-term costs, even amid costly initial investments.
November 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
California
Florida
Louisiana
Oklahoma

Spain Sets $11.5 Billion Fund for Flood Relief Amid $20 Billion Loan Exposure
Following devastating floods in Valencia, Spain has announced an initial $11.5 billion aid package for affected communities, covering direct aid, credit guarantees, and municipal rebuilding. Officials anticipate further relief measures as cleanup continues.
November 5, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property

2024 Hurricanes Leave Nearly 350,000 Cars Flood-Damaged, CARFAX Warns
In 2024, hurricanes have left an estimated 347,000 vehicles with flood damage across the U.S., CARFAX reports. Experts caution that many may be resold, potentially concealing dangerous and costly water damage.
November 5, 2024
Auto
Catastrophe
Fraud
Risk Management
Florida



