
Tropical Storm Francine Set to Become Hurricane, Targeting Gulf Coast with Storm Surge and Heavy Rain
Tropical Storm Francine is forecast to strengthen into a hurricane before making landfall along the Gulf Coast, bringing dangerous storm surge, heavy rain, and potential flooding to parts of Louisiana and Texas by midweek.
September 9, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Louisiana
Mississippi
Texas

Innovative Insurance Solutions Are Critical as Severe Weather Intensifies
The surge in severe weather events highlights the urgent need for modern insurance strategies, as homeowners face heightened risks and coverage gaps. Tailored disaster insurance solutions can help protect against growing financial vulnerability.
September 5, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
New York

Businesses Struggling to Keep Pace With Industry-Shaping Megatrends
Aon's 2024 survey reveals that most business leaders are struggling to adapt to key megatrends, including trade, technology, climate, and workforce changes, to better manage risk.
September 5, 2024
Catastrophe
Risk Management
Technology

Catastrophe Bond Market Surges to $45.6 Billion in Outstanding Capital
The catastrophe bond market has reached unprecedented levels, recording $12.2 billion in new transactions and pushing total capital to $45.6 billion, driven by growing risk transfer needs.
September 4, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
Texas

Skyline’s FatTrack Model Ensures Rapid Payout for Jamaican Farmers After Hurricane Beryl
Skyline Partners' FatTrack trigger mechanism led to a swift payout under a parametric insurance policy for Jamaican farmers after Hurricane Beryl, highlighting its efficiency in handling weather-based claims.
September 3, 2024
Catastrophe
Property
Risk Management
Technology

Average Annual Global Catastrophe Losses Reach $151 Billion, Driven by Urbanization and Inflation
Verisk's 2024 Global Modeled Catastrophe Losses Report reveals that urban expansion and inflation have pushed average annual global natural catastrophe losses to $151 billion, highlighting the growing challenges for insurers.
September 3, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Wildfire Solutions: How Tech Entrepreneurs Are Innovating to Combat Flames
With wildfires intensifying due to climate change, tech startups in Silicon Valley are creating innovative solutions, from AI-driven forest management to automated firebreaks, to mitigate future risks.
September 3, 2024
Catastrophe
Property
Risk Management
Technology
California

Strangest Claims and Encounters Shared by Insurance Adjusters
Adjusters share bizarre and unsettling stories from the field, ranging from surreal encounters to harrowing situations that shed light on the unpredictable nature of their work.
August 29, 2024
Catastrophe
Fraud
Liability
Weird
Nevada
New Jersey
New Mexico

Hailstorms to Produce Larger Hailstones as Climate Warms, Posing Greater Damage Risks
A new study predicts that climate change will lead to larger hailstones by mid-to-late century, resulting in increased damage risks to aircraft, vehicles, and buildings due to stronger thunderstorm updrafts.
August 29, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Ohio

Restoration Best Practices for Insurance Adjusters: Safeguarding Policyholders and Minimizing Losses
Understanding restoration best practices is essential for insurance professionals to minimize losses, protect policyholders' belongings, and make informed decisions when engaging recovery experts after incidents like floods, fires, or natural disasters.
August 29, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Atlantic Hurricane Activity Expected to Surge in September as Conditions Favor Storm Formation
Meteorologists predict an active September in the Atlantic, with up to 10 named storms potentially forming as reduced wind shear and dry air create favorable conditions for hurricane development.
August 28, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
New York
North Carolina
Pennsylvania
South Carolina

Federal Policy Conflicts Could Raise Flood Insurance Costs, Leave Thousands Unaware of Dam Risks
Conflicting federal policies hinder communities from accessing vital dam failure data, potentially raising flood insurance costs and leaving residents unaware of flood risks.
August 26, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Georgia
Minnesota

Hurricane Rainfall Predicted to Intensify in Frequency and Impact
A DeepSky Research report predicts a 300% rise in extreme hurricane rainfall frequency and a 33% increase in severity, highlighting the urgent need for preparedness as hurricane impacts are expected to worsen rapidly.
August 26, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Louisiana
Mississippi
North Carolina
South Carolina

Understanding the Causes Behind Connecticut’s Devastating Flash Flooding
The unexpected flash flooding in Connecticut resulted from a weather phenomenon known as training, where storm cells repeatedly formed over the same area.
August 21, 2024
Catastrophe
Property
Risk Management
Connecticut
New Jersey
New York
Pennsylvania

ILS Capacity Expands Slightly as Catastrophe Bond Issuance Hits Record High
The insurance-linked securities (ILS) market is experiencing moderate capacity growth, driven by record-setting catastrophe bond issuance and market demand, according to AM Best's latest report.
August 19, 2024
Catastrophe
Insurance Industry
Property
Risk Management



