
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

Hurricane Milton’s Impact on Florida Buildings Matches or Exceeds Hurricane Helene’s
ICEYE's initial data suggests that Hurricane Milton has caused damage to as many as, or more than, 150,000 buildings in Florida, a count that rivals Hurricane Helene's impact. Early loss estimates range from $15 billion to $40 billion.
October 14, 2024
Catastrophe
Insurance Industry
Property
Technology
Florida

Insurers Brace for $60 Billion in Losses from Hurricane Milton’s Devastation
Hurricane Milton's devastation in Florida is forecasted to trigger up to $60 billion in insured losses, with reinsurance rates expected to rise as the global insurance industry absorbs the impact.
October 14, 2024
Catastrophe
Property
Risk Management
Florida

The Mediterranean Faces Increasing Drought Threats to Agriculture
Mediterranean countries, including Spain and Italy, are grappling with persistent droughts that are straining water resources, disrupting agriculture, and posing long-term economic risks due to climate change.
October 14, 2024
Catastrophe
Risk Management

Federal Incentive Cuts in High-Risk Areas Improve Flood Resilience, Study Finds
A recent study highlights how removing federal subsidies from climate-vulnerable areas can reduce development, increase flood resilience, and generate savings, while emphasizing the challenges of balancing housing demand with disaster risk.
October 14, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
New York
Oklahoma



