
California Wildfire Season Intensifies Without Key Factor, Raising Concerns for the Coming Months
California has faced a severe wildfire season fueled by heat and dried-out vegetation, even without the seasonal winds that typically escalate fire risks. Experts warn that conditions could worsen as fall progresses.
September 24, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California

Hurricane Threat Looms for Gulf Coast as Atlantic Storm Intensifies
A developing Atlantic storm poses a significant hurricane risk to the US Gulf Coast, stretching from Mississippi to Florida. Forecasters predict rapid intensification as it moves north through warm Gulf waters, threatening major landfall.
September 23, 2024
Catastrophe
Litigation
Property
Risk Management
Florida
Mississippi

California Firefighter Arrested for Allegedly Starting Five Brush Fires in Northern California
A firefighter in Northern California has been arrested for allegedly starting five brush fires while off duty, raising concerns about internal misconduct within fire agencies.
September 23, 2024
Catastrophe
Legislation & Regulation
Litigation
Property
California

Climate Change Drives Global Surge in Fires, Floods, and Drought
The impact of climate change is becoming more visible worldwide, with intensifying wildfires, severe droughts, and devastating floods affecting regions from Brazil to Southeast Asia.
September 19, 2024
Catastrophe
Litigation
Property
Risk Management
California
North Carolina

Homeowners Insurance Costs Surge Across the U.S., Florida Takes the Lead with Soaring Rates
Homeowners across the U.S. are facing sharp insurance premium hikes, with Florida seeing the steepest increases, fueled by hurricane risks, fraud, and lack of competition.
September 18, 2024
Catastrophe
Litigation
Property
Risk Management
Florida
Louisiana
Texas

Parametric Insurance Protects Surf Ecosystems as Global Surfing Economy Booms
A groundbreaking parametric insurance model is being used to safeguard surf ecosystems from environmental damage, starting in El Salvador, as part of a global effort to protect valuable natural resources.
September 18, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Justice Department Accuses Cargo Ship Owner of Negligence in Baltimore Bridge Collapse Lawsuit
The Justice Department is seeking to recover over $100 million, alleging that the owner and manager of the cargo ship responsible for the Baltimore bridge collapse ignored critical electrical issues and cut safety corners, leading to the fatal disaster.
September 18, 2024
Catastrophe
Liability
Litigation
Marine
Maryland

U.S. Property and Casualty Insurers Achieve $3.8 Billion Underwriting Gain in H1 2024
The U.S. property and casualty insurance sector posted a $3.8 billion underwriting gain in H1 2024, rebounding from a $24 billion loss last year, driven by premium growth and improved catastrophe losses.
September 17, 2024
Catastrophe
Insurance Industry
Property
Risk Management

US Property Insurance Rates Fall for the First Time Since 2017 as Insurers Return to Profitability
Property insurance rates in the US have dropped for the first time since 2017, driven by insurers’ return to profitability following lower catastrophe-related losses and stronger market conditions.
September 17, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Cyber Attacks on U.S. Utilities Soar by 70 Percent, Experts Warn of Rising Threat
Cyber attacks on U.S. utilities have surged nearly 70 percent this year, exposing vulnerabilities in outdated software and expanding infrastructure. Experts warn a large-scale attack could cripple essential services.
September 13, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
California

How AI-Powered Digital Twins Are Shaping the Future of P/C Insurance
AI-enabled digital twins are revolutionizing how property and casualty insurers assess risk and protect policyholders from climate-related damages, offering enhanced accuracy and predictive capabilities.
September 13, 2024
Catastrophe
Property
Risk Management
Technology

Investigators Sound Alarm on Fraudulent Water Damage Claims
Insurance fraud experts warn about exaggerated or false water damage claims, often linked to home renovations and fake sewage leaks, aimed at inflating insurance payouts.
September 13, 2024
Catastrophe
Fraud
Litigation
Property
California
Florida

Hurricane Francine Risks $1.5 Billion in Insured Losses as it Strikes Louisiana
Hurricane Francine made landfall in Louisiana as a Category 2 storm, with CoreLogic estimating insured losses at up to $1.5 billion, impacting residential and commercial properties across the Gulf Coast.
September 13, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Kentucky
Louisiana
Mississippi
Missouri

Louisiana Residents Begin Cleanup After Hurricane Francine’s Devastation
Residents across southern Louisiana are starting the cleanup process following Hurricane Francine, which brought 100-mph winds, severe flooding, and widespread storm surge damage to coastal communities.
September 12, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Louisiana

Millions Under Flood Watch as Hurricane Francine Weakens, Brings Heavy Rains Inland
As Hurricane Francine moves inland, millions from Florida to Tennessee remain under flood watch, with heavy rains and tornado warnings threatening areas across the South. Power outages and damage reports continue.
September 12, 2024
Catastrophe
Litigation
Property
Risk Management
Alabama
Florida
Georgia
Louisiana
Mississippi



