Florida Matches Record Hurricane Landfalls in 2024, Reports Howden Re
The 2024 Atlantic hurricane season, marked by record Florida landfalls and extreme storm activity, ranks among the most impactful in recent history, Howden Re reports.
December 5, 2024
Catastrophe
Property
Risk Management
Technology
Florida
North Carolina
Tennessee
Homeowners Face Triple Disaster Risks and Insurance Gaps
Over 33,000 U.S. homes face extreme risks from three natural disasters, exposing gaps in insurance coverage and highlighting the urgent need for multi-peril resilience planning.
December 3, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
Texas
Washington
Insurance Faces Data Challenges in Climate Risk Planning
Fragmented data sources and limited integration are stalling the insurance industry's ability to address climate risks, experts emphasize at the Global Insurance Forum.
December 2, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
Florida
AI Tool Creates Accurate Satellite Images Predicting Floods
MIT researchers combine generative AI and physics models to create realistic satellite images of future floods, enhancing readiness and emergency planning.
December 2, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Texas
Record-Breaking 2024 Hurricane Season Ends with $50 Billion in Insured Losses
The 2024 Atlantic hurricane season, ending with 18 named storms, saw record-breaking storms, including Hurricane Milton, which inflicted billions in insured losses across the U.S.
December 2, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Georgia
Louisiana
North Carolina
South Carolina
Essential Tips for Safely Deep Frying a Turkey This Thanksgiving
Deep frying a turkey can result in a delicious holiday centerpiece, but it's essential to follow safety precautions to avoid injuries or fires. Here's how to fry safely.
November 26, 2024
Catastrophe
Property
Risk Management
Rising Climate Risks Drive 13% of US Homebuyers to Consider Moving
Concerns about natural disasters and climate risks are influencing 13.7% of US homebuyers to relocate, with low-risk areas seeing faster home value growth for the first time since 2010.
November 22, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
Texas
Sea Level Rise by 2100 Could Displace Millions and Damage $1 Trillion in Property
A one-meter rise in sea levels by 2100 may expose over 14 million people and $1 trillion worth of property to flooding, erosion, and subsidence along the Southeast Atlantic coast.
November 22, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Virginia
West Coast Faces Extreme Weather: Bomb Cyclone and Atmospheric River Threaten Devastation
A historic bomb cyclone brings hurricane-force winds and mass power outages to the Pacific Northwest, while a converging atmospheric river intensifies the threat with flooding rains.
November 20, 2024
Catastrophe
Property
Risk Management
California
Oregon
Washington
AI Weather Models Prove Effective During Hurricane Season
AI-powered weather models, like Google DeepMind's GraphCast, are transforming hurricane forecasting, demonstrating enhanced accuracy and speed compared to traditional physics-based methods.
November 20, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Louisiana
Texas
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
