
Gallagher Re’s Mid-Year Natural Catastrophe and Climate Report Highlights 2024’s Severe Convective Storm Impact
The first half of 2024 saw substantial global insured losses, with US severe convective storms accounting for 61% of the $61 billion total, highlighting the period as the costliest on record.
July 24, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Colorado
Iowa
Oklahoma
Texas

Insurance Adjusters Face Overwhelming Workload Challenges
Adjusters in the insurance industry, particularly those working in property claims, are expressing significant frustration and burnout due to overwhelming workloads and unrealistic expectations.
July 22, 2024
Auto
Catastrophe
Insurance Industry
Workers' Compensation
Minnesota

Mulch: An Overlooked Fire Hazard in California’s Landscaping
In wildfire-prone California, mulch can inadvertently create a fire hazard, prompting homeowners to consider safer landscaping alternatives.
July 22, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California

Gulf Coast Disasters 2020-2021: Impacts and Lessons
Exploring the compounded impacts of multiple disasters on Gulf Coast communities from 2020 to 2021 and the lessons learned to enhance future resilience.
July 22, 2024
Catastrophe
Life & Health
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
Texas

Moody’s RMS Estimates $2.5-$4.5 Billion in U.S. Insured Losses from Hurricane Beryl
Moody’s RMS estimates U.S. insured losses from Hurricane Beryl between $2.5 and $4.5 billion, with NFIP losses under $300 million and non-U.S. losses not exceeding $1.5 billion.
July 16, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Texas

Understanding Hurricane Categories: Why Even "Weaker" Storms Can Be Dangerous
While often dismissed, Category 1 hurricanes and tropical storms can cause significant damage and fatalities, emphasizing the need for a comprehensive understanding of storm impacts beyond mere wind strength.
July 15, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
Louisiana
New York
Texas

Nearly 300,000 Without Power in Texas One Week After Hurricane Beryl
Hundreds of thousands of Texans remain without power one week after Hurricane Beryl caused widespread damage. Gov. Greg Abbott has demanded an explanation from Houston’s main electricity supplier.
July 15, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
Texas

Hurricane Beryl Estimated to Cause $3.3 Billion in Insured Losses Across the Americas
Hurricane Beryl is estimated to have caused $3.3 billion in insured losses, with $2.7 billion in the U.S., $510 million in the Caribbean, and $90 million in Mexico.
July 11, 2024
Catastrophe
Insurance Industry
Property
Technology
Texas

White House Elevates Infrastructure to Combat Intensifying Floods
The Biden administration finalizes a policy requiring FEMA-funded reconstruction projects to be elevated above local flood levels to mitigate damage from intensifying floods due to climate change.
July 11, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Texas

Atlantic Hurricane Season Outlook Predicts More Storms
Colorado State University has revised its forecast for the 2024 Atlantic hurricane season, predicting an even busier season with 25 named storms and 12 hurricanes.
July 9, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management

CoreLogic Estimates Hurricane Beryl’s Insurable Losses in Jamaica, Cayman Islands, and Mexico Under $2 Billion
CoreLogic estimates that Hurricane Beryl caused insurable losses between $400 million and $700 million in Jamaica and the Cayman Islands, with similar losses in Mexico’s Yucatan Peninsula.
July 8, 2024
Catastrophe
Insurance Industry
Property
Risk Management

July 4th Fireworks Ignite Wildfire in New Jersey, Burning 4,000 Acres in Wharton State Forest
A wildfire caused by July 4 fireworks has burned 4,000 acres in New Jersey’s Wharton State Forest, with containment now at 75%.
July 8, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
New Jersey

Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge
Hurricane Beryl made landfall in Texas, bringing 90 mph winds, torrential rain, and life-threatening storm surge, leaving one person dead and over 1.5 million without power.
July 8, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Texas

Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns
Hurricane Beryl’s rapid intensification in early July breaks records and raises concerns about future storm activity due to climate change.
July 2, 2024
Catastrophe
Property
Risk Management
Texas

Big Florida Insurers Close Nearly Half of Homeowner Claims Without Payment
Weiss Ratings, an independent insurance rating agency, reports that three major Florida homeowners insurance providers closed nearly half of their claims last year without any payment.
July 2, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida



