
California’s Firefighting Crisis Highlights Need for Industry Support
California faces a severe shortage of wildfire firefighters, as low pay, mental strain, and challenging conditions drive workers away. Could the insurance industry help ease the burden on those protecting at-risk properties?
November 5, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California

Hailstorms Drive Record Insurance Losses as Experts Push for Better Detection and Prediction
Severe hailstorms in the U.S. have led to record insurance losses, with hail damage growing due to rising urbanization, climate change, and frequent severe convective storms. Enhanced monitoring projects promise insights to mitigate future risks.
November 5, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Colorado
Texas

NFIP Flood Insurance Claims Surge to 54,000 After Hurricane Helene, FEMA Reports
Following Hurricane Helene’s landfall in Florida, over 54,000 NFIP flood insurance claims have been filed, with FEMA reporting $480 million in early claims payments. This storm, among the most significant for NFIP, may see more claims as impacted areas become accessible.
October 28, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Texas A&M Research Links Climate Change to Increased Hurricane Rainfall in the Southeast
A Texas A&M study shows a nearly 20% increase in extreme rainfall during storms like Hurricane Helene, linking climate change to intensified flooding risks across the southeastern United States.
October 28, 2024
Catastrophe
Property
Risk Management
Florida
Georgia
North Carolina
Texas

Widespread Flooding from Hurricane Helene Spotlights Inland Insurance Gaps
The devastation from Hurricane Helene reveals a significant inland flood-protection gap, particularly in flood-prone communities without sufficient insurance coverage, where misinformation and funding challenges further slow recovery efforts.
October 28, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
Florida
Georgia
Kentucky
New Jersey
New York

Hurricane Milton Causes $2 Billion in Insured Losses in Florida
Hurricane Milton has resulted in over $2 billion in insured losses in Florida, with more than 230,000 claims filed. Most claims are for residential properties, and 12.8% have been closed so far.
October 23, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida

Employers Face Rising Scrutiny Over Worker Safety Amid Natural Disasters
As natural disasters become more frequent, lawsuits are shining a light on employer responsibility for worker safety. Recent cases in Tennessee and Kentucky highlight the legal risks companies face without proper emergency plans.
October 23, 2024
Catastrophe
Litigation
Risk Management
Workers' Compensation
Kentucky
Missouri
New York
Tennessee

California Debuts Innovative Flood Program for Isleton Residents
California introduces its first community-based flood program in Isleton, offering payouts to residents in flood zones when water levels hit specific thresholds, enhancing climate resilience.
October 21, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California

2024 U.S. Home Trends Report Reveals Impact of Hail and Catastrophes on Insurance Costs
The latest LexisNexis U.S. Home Trends Report shows increasing home insurance loss costs, driven by hail and catastrophic claims, while some weather-related perils saw declining severity in 2023.
October 21, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Natural Catastrophe Losses in 2024 Near Average Amid Escalating Late-Season Storm Risks
Insured losses from global natural catastrophes exceeded the 10-year average, driven by frequent storms and floods, while total economic losses for 2024 remained slightly below average.
October 17, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
North Carolina
Tennessee
Virginia

Hurricane Forecasts Face Backlash as Meteorologists Battle Misinformation and Threats
Despite the increasing accuracy of hurricane forecasts, meteorologists are facing growing threats, conspiracy theories, and public distrust fueled by misinformation on social media.
October 17, 2024
Catastrophe
Risk Management
Technology
Alabama
Florida
Iowa
North Carolina

Tornadoes Hit South Florida as Hurricane Milton’s Landfall Strikes Elsewhere
While Hurricane Milton’s landfall was far from southeastern Florida, dozens of tornadoes struck the region, causing significant damage to homes and killing several people across the state.
October 15, 2024
Catastrophe
Litigation
Property
Risk Management
Florida

Why Hurricane Milton’s Tornado Outbreak Was So Severe and What It Means for Future Storms
Hurricane Milton triggered a deadly tornado outbreak in Florida, raising concerns over the increasing frequency of strong tornadoes linked to hurricanes. Early studies suggest a warmer world could amplify this trend.
October 15, 2024
Catastrophe
Property
Risk Management
Florida

Florida Insurers Confident in Managing Losses From Another Major Hurricane This Season
Despite concerns from rating agencies, industry experts assure that Florida’s home insurance market has enough reinsurance and financial resilience to withstand additional hurricanes this season.
October 15, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Hurricane Milton’s 123,000 Claims Signal New Reinsurance Strain, Rate Hikes Expected
Property insurance claims from Hurricane Milton have reached 123,000, triggering concerns over reinsurance price hikes and higher property insurance rates in Florida, where losses are estimated at $1.5 billion so far.
October 15, 2024
Catastrophe
Legislation & Regulation
Property
Florida



