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Safeguard Against Contractor Fraud During Disaster Recovery

Safeguard Against Contractor Fraud During Disaster Recovery

During Contractor Fraud Awareness Week, the Insurance Information Institute and National Insurance Crime Bureau emphasize how homeowners can protect themselves from fraudulent contractors following disasters.
May 20, 2024 Catastrophe Fraud Property Risk Management

NOAA Grants $308 Million to Colorado State University for Weather and Climate Research

NOAA Grants $308 Million to Colorado State University for Weather and Climate Research

NOAA renews its partnership with Colorado State University through a $308 million grant, supporting the Cooperative Institute for Research in the Atmosphere (CIRA) for advanced weather and climate research and forecasting.
May 20, 2024 Catastrophe Education & Training Risk Management Technology Colorado Maryland Missouri

Houston Power Outages Could Last Weeks After Deadly Hurricane-Force Winds

Houston Power Outages Could Last Weeks After Deadly Hurricane-Force Winds

Power outages in Houston could last for weeks following a destructive storm with hurricane-force winds, leaving thousands without electricity amid soaring temperatures.
May 17, 2024 Catastrophe Insurance Industry Property Risk Management Alabama Florida Georgia Louisiana Mississippi

Origami Risk 2024 Report Reveals a Gap Between Perceived and Actual Preparedness in Risk Management

Origami Risk 2024 Report Reveals a Gap Between Perceived and Actual Preparedness in Risk Management

The latest State of Risk Report by Origami Risk highlights a concerning disparity between the confidence of risk professionals and their actual readiness to handle emerging and complex risks.
May 15, 2024 Catastrophe Insurance Industry Risk Management Technology

Rising Atlantic Ocean Temperatures May Boost Hurricane Activity in 2024

Rising Atlantic Ocean Temperatures May Boost Hurricane Activity in 2024

With Atlantic Ocean temperatures nearing critical thresholds, the 2024 hurricane season could see increased cyclone strength and frequency.
May 15, 2024 Catastrophe Marine Risk Management Technology

Supercell Storms Unleash Giant Hail in Central Texas

Supercell Storms Unleash Giant Hail in Central Texas

Supercell thunderstorms cause significant damage in Central Texas, with reports of hail as large as CDs.
May 10, 2024 Catastrophe Insurance Industry Risk Management Texas

California Jury Awards $18 Million in Bad Faith Insurance Case

California Jury Awards $18 Million in Bad Faith Insurance Case

A jury in San Bernardino awards substantial damages to two sisters after their insurance company failed to adequately compensate them for flood damage.
May 10, 2024 Catastrophe Insurance Industry Litigation Property California

International Jewelry Thief Nabbed After High-Profile Heists in New York

International Jewelry Thief Nabbed After High-Profile Heists in New York

After a series of audacious jewelry thefts spanning continents, Yaorong Wan’s criminal spree ends with an arrest in New York City.
May 9, 2024 Catastrophe Fraud Litigation Property California New Jersey New York

Progressive Reforms Alleviate Florida’s Property/Casualty Insurance Crisis

Progressive Reforms Alleviate Florida’s Property/Casualty Insurance Crisis

Florida’s property/casualty insurance landscape begins to stabilize following significant legislative reforms and a calm hurricane season, despite ongoing challenges.
May 9, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida

Majority of Astroworld Wrongful Death Lawsuits Settled, One Remains

Majority of Astroworld Wrongful Death Lawsuits Settled, One Remains

As most Astroworld wrongful death claims reach settlements, the final pending case highlights ongoing concerns over concert safety.
May 9, 2024 Catastrophe Insurance Industry Legislation & Regulation Liability Texas

Florida’s Property/Casualty Insurance Market Shows Signs of Recovery Amid Reforms

Florida’s Property/Casualty Insurance Market Shows Signs of Recovery Amid Reforms

Recent legislative reforms and a mild hurricane season have contributed to the recovery of Florida’s property/casualty insurance market, yet challenges remain for premium costs.
May 8, 2024 Catastrophe Fraud Legislation & Regulation Property Florida

Fannie Mae Clarifies Insurance Guidelines, Shifting Away from Actual Cash Value Coverage

Fannie Mae Clarifies Insurance Guidelines, Shifting Away from Actual Cash Value Coverage

Fannie Mae’s updated guidelines enforce replacement cost coverage, challenging the trend towards actual cash value for homeowners and condo insurance.
May 8, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida Kentucky

Swiss Re Advocates for Advanced Data Utilization to Bridge the NatCat Protection Gap

Swiss Re Advocates for Advanced Data Utilization to Bridge the NatCat Protection Gap

As natural catastrophe losses escalate, Swiss Re emphasizes the use of data-driven insights to enhance global insurance access and climate risk management.
May 7, 2024 Catastrophe Insurance Industry Risk Management Technology

Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks

Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks

Climate change intensifies extreme precipitation, escalating flood risks across the U.S. with significant increases in the Northeast and Midwest.
May 6, 2024 Catastrophe Property Risk Management Alabama Alaska Georgia Hawaii Kentucky

Chubb to Pay $350 Million in Claims for Baltimore Bridge Collapse

Chubb to Pay $350 Million in Claims for Baltimore Bridge Collapse

Chubb, the insurer for Baltimore’s Francis Scott Key Bridge, is set to pay out $350 million following the bridge’s catastrophic collapse, which resulted in significant economic and human losses.
May 2, 2024 Catastrophe Insurance Industry Litigation Marine Maryland
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