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People Flock to Texas and Florida Despite Fire and Flood Risks

People Flock to Texas and Florida Despite Fire and Flood Risks

People are moving to fire- and flood-prone areas in the US, driven by migration to Texas and Florida. These states attract newcomers with low taxes and affordable housing, despite growing climate risks.
August 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Texas

Norwegian Salmon Farms Face Record Fish Mortality Rates Amid Harsh Conditions

Norwegian Salmon Farms Face Record Fish Mortality Rates Amid Harsh Conditions

Norwegian salmon farms are experiencing unprecedented fish mortality rates this year due to an unusually harsh winter and the El Nino climate phenomenon.
August 7, 2024 Catastrophe Insurance Industry Property Risk Management

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding

Hurricane Debby has made landfall in Florida’s Big Bend with maximum sustained winds of 80 mph, leading to potential historic flooding from northern Florida to the Carolinas, along with gusty winds, storm surge, and tornadoes.
August 5, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Virginia

Wood Pellet Plants in Southern U.S. Towns Linked to Health Issues and Pollution

Wood Pellet Plants in Southern U.S. Towns Linked to Health Issues and Pollution

Residents in predominantly Black towns like Gloster, Mississippi, report worsening health and environmental conditions since the expansion of wood pellet plants for renewable energy.
August 1, 2024 Catastrophe Insurance Industry Legislation & Regulation Alabama Arkansas California Louisiana Mississippi

Florida Cat Fund May See Increased Bond Issuance Amid Active 2024 Hurricane Season

Florida Cat Fund May See Increased Bond Issuance Amid Active 2024 Hurricane Season

Florida’s 2024 hurricane season, expected to be highly active, may lead to additional bond issuance for the Florida Hurricane Catastrophe Fund (FHCF) while Citizens Property Insurance Corporation is less likely to require new debt.
August 1, 2024 Catastrophe Insurance Industry Litigation Property Florida

NOAA Proposes $575 Million for Coastal Climate Resilience

NOAA Proposes $575 Million for Coastal Climate Resilience

NOAA recommends $575 million in funding for 19 projects to enhance coastal climate resilience under the Investing in America agenda.
July 31, 2024 Catastrophe Legislation & Regulation Property Risk Management Alaska California Delaware Hawaii Louisiana

Oil and Gas Activity Likely Caused West Texas Earthquakes

Oil and Gas Activity Likely Caused West Texas Earthquakes

Recent damaging earthquakes in West Texas are likely caused by oil and gas activity, according to the USGS.
July 31, 2024 Catastrophe Legislation & Regulation Litigation Risk Management New Mexico Oklahoma Texas

Dollywood Visitors Navigate Floodwaters During Torrential Downpour

Dollywood Visitors Navigate Floodwaters During Torrential Downpour

Visitors wade through knee-deep water as Dollywood floods due to a torrential downpour.
July 31, 2024 Catastrophe Insurance Industry Liability Risk Management Tennessee

Gulf Coast Residents Urged to Monitor Developing Tropical Wave

Gulf Coast Residents Urged to Monitor Developing Tropical Wave

Meteorologists caution Gulf Coast residents about a potential tropical cyclone forming in the Atlantic as the 2024 hurricane season intensifies.
July 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida

California’s Park Fire Among Largest in State History, Consuming Nearly Half the Size of Rhode Island

California’s Park Fire Among Largest in State History, Consuming Nearly Half the Size of Rhode Island

The Park Fire in Northern California has grown to over 383,000 acres, making it the fifth-largest wildfire in state history, affecting four counties and threatening thousands of structures.
July 30, 2024 Catastrophe Insurance Industry Litigation Property California

Climate Crisis: Extreme Weather Becomes the Norm in Europe, 2023

Climate Crisis: Extreme Weather Becomes the Norm in Europe, 2023

In 2023, Europe faced unprecedented extreme weather events, including heatwaves, droughts, storms, and floods, highlighting the urgent need for insurers to adapt and develop robust climate risk management strategies.
July 30, 2024 Catastrophe Legislation & Regulation Property Risk Management

Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor

Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor

Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024 Catastrophe Insurance Industry Legislation & Regulation Property California Colorado Florida Idaho Louisiana

Bears Wreak Havoc Inside Connecticut Car

Bears Wreak Havoc Inside Connecticut Car

Two bears trapped inside a car in Winsted, Connecticut caused significant damage before being safely released, highlighting the growing black bear population in the state.
July 29, 2024 Catastrophe Property Risk Management Weird Connecticut

Severe Weather Events in Nova Scotia Lead to $490 Million in Insured Losses

Severe Weather Events in Nova Scotia Lead to $490 Million in Insured Losses

The wildfires and flooding in Nova Scotia last year resulted in $490 million in insured losses, according to a recent report by the Insurance Bureau of Canada.
July 25, 2024 Catastrophe Insurance Industry Property Risk Management

How Climate Technology is Shaping the Future of Insurance

How Climate Technology is Shaping the Future of Insurance

Climate change poses significant challenges for the insurance industry, but climate technology offers solutions that can help insurers predict, prevent, and mitigate weather-related risks, potentially transforming the sector.
July 25, 2024 Catastrophe Property Risk Management Technology
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