
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 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
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
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
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
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
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 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
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
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
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

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



