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Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

An analysis of 47 million homeowners’ insurance expenditures reveals a sharp increase in premiums from 2020 to 2023, with disaster-prone areas experiencing the most significant hikes due to rising reinsurance costs.
July 1, 2024 Catastrophe Insurance Industry Property Risk Management California Florida Louisiana Texas

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville

NFL wide receiver Randall Cobb and his family narrowly escaped a fire at their Nashville home, which began in the garage and caused significant damage, but fortunately left everyone unharmed.
June 27, 2024 Catastrophe Insurance Industry Property Risk Management Tennessee Texas

Lightning-Related Insurance Claims Soar in 2023

Lightning-Related Insurance Claims Soar in 2023

The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024 Catastrophe Insurance Industry Property Risk Management Alabama California Florida Georgia Louisiana

South Florida Flooded by Historic Rainstorm, Struggles to Adapt to Climate Challenges

South Florida Flooded by Historic Rainstorm, Struggles to Adapt to Climate Challenges

A once-in-200-years rainstorm, Invest 90L, flooded South Florida, highlighting the region’s struggle to adapt to rising sea levels and extreme weather.
June 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Tropical Storm Warning Issued for Southern Texas as First Storm of Hurricane Season Approaches

Tropical Storm Warning Issued for Southern Texas as First Storm of Hurricane Season Approaches

The first tropical storm warning of the season has been issued for southern Texas as a developing storm in the Gulf of Mexico threatens heavy rain, flooding, and strong winds.
June 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Texas

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

AccuWeather hurricane experts are monitoring the southwestern Gulf of Mexico for potential tropical development this week.
June 17, 2024 Catastrophe Property Risk Management Florida Louisiana Texas

Severe Weather Triggers State of Emergency in South Florida

Severe Weather Triggers State of Emergency in South Florida

Governor Ron DeSantis has declared a state of emergency for multiple counties in South Florida due to severe flooding and heavy rainfall, causing significant disruption.
June 13, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management Florida

Preparing Insurance Adjusters for the 2024 Atlantic Hurricane Season

Preparing Insurance Adjusters for the 2024 Atlantic Hurricane Season

As the 2024 Atlantic hurricane season approaches, insurance adjusters are intensifying their training and preparations to ensure they can respond efficiently to catastrophic events.
June 12, 2024 Catastrophe Education & Training Property Risk Management

Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Swiss Re’s 2024 SONAR report identifies 16 emerging risks, highlighting the compounding effects of natural disasters on critical infrastructure, supply chains, and healthcare systems, stressing the need for increased resilience and investment.
June 12, 2024 Catastrophe Life & Health Property Risk Management California Texas

Preparing for an Active 2024 Hurricane Season

Preparing for an Active 2024 Hurricane Season

The 2024 Atlantic hurricane season is expected to be highly active, with forecasts predicting an increased number of storms and hurricanes. Businesses and residents in vulnerable areas must prioritize preparedness to mitigate potential impacts.
June 11, 2024 Catastrophe Insurance Industry Property Risk Management California Florida

Bull Jumps Fence at Oregon Rodeo, Injuring Three

Bull Jumps Fence at Oregon Rodeo, Injuring Three

A bull escaped its enclosure at the Sisters Rodeo, injuring three people, including a Deschutes County sergeant, before being recaptured by rodeo professionals.
June 10, 2024 Catastrophe Insurance Industry Liability Risk Management Oregon

Reddit Adjusters Discuss Declining Storm Coverage Trends

Reddit Adjusters Discuss Declining Storm Coverage Trends

Insurance professionals on Reddit discuss how carriers are reducing storm damage coverage, impacting policies and the job market for adjusters.
June 7, 2024 Catastrophe Litigation Property Risk Management California Florida

Insights from Allianz Atlantic Hurricane Forecast

Insights from Allianz Atlantic Hurricane Forecast

The 2024 Atlantic hurricane season, starting June 1 and ending November 30, is predicted to be particularly active. Allianz Commercial offers insights into this year’s forecast, reviewing notable 2023 storms and providing expert advice on storm preparedness.
June 6, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Tornado Recovery Costs Tallahassee Area Over $50M, Leaders Encourage Hurricane Season Prep

Tornado Recovery Costs Tallahassee Area Over $50M, Leaders Encourage Hurricane Season Prep

Following the devastating tornadoes, Tallahassee leaders stress the importance of hurricane readiness as recovery costs exceed $50 million.
June 5, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Dangers from Space Junk, Megadroughts, Toxins in Bioplastics, Risky Bridges, and Climate Change Impacts on Health

Dangers from Space Junk, Megadroughts, Toxins in Bioplastics, Risky Bridges, and Climate Change Impacts on Health

Carrier Management’s June 2024 edition of Risk Alerts brings attention to various emerging hazards, including falling space debris, prolonged megadroughts, toxins in bioplastics, vulnerable bridges, and the health impacts of climate change.
June 4, 2024 Catastrophe Legislation & Regulation Life & Health Property Risk Management
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