
Record-Breaking Hail Events Mark the Start of 2024’s Severe Storm Season
Over 660,000 properties were hit by significant hail during early March, surpassing 2023 records and signaling a potentially challenging year for insurers.
March 20, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
Illinois
Kansas
Missouri
Oklahoma

Spire Global and NVIDIA Join Forces to Revolutionize AI-Driven Weather Forecasting
Spire Global teams up with NVIDIA, aiming to improve forecast accuracy and tackle the challenge of extreme weather events through AI-driven weather prediction.
March 20, 2024
Catastrophe
Marine
Risk Management
Technology

Judge Rules Against Dismissing Lawsuit Linking Social Media Algorithms to Buffalo Shooting
A New York judge’s decision to not dismiss a lawsuit against Reddit and YouTube questions the extent of their liability in a racially motivated attack in Buffalo.
March 20, 2024
Catastrophe
Legislation & Regulation
Liability
Technology
New York

New Jersey Implements Flood Risk Disclosure Law for Real Estate Transactions
Starting March 20, New Jersey’s new law mandates flood history and risk disclosures for all real estate transactions, enhancing transparency and preparedness.
March 20, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
New Jersey
Navigating Climate Change: A Strategic Imperative for Life and Health Insurers
As climate change reshapes health risks, life and health insurers must adapt, focusing on strategic decisions to align with long-term health outcomes.
March 19, 2024
Catastrophe
Life & Health
Risk Management
Technology

Fentanyl’s Impact on Road Safety: A Growing Concern for America’s Highways
As the opioid epidemic escalates, fentanyl’s presence in fatal road accidents underscores a critical public health issue.
March 18, 2024
Auto
Catastrophe
Legislation & Regulation
Risk Management
California
Delaware
Maryland
New Hampshire
New Mexico

Rising Auto Premiums Linked to Natural Disasters, Inflation, and Social Factors
Auto insurance premiums are climbing due to labor/material costs, natural disasters, and social inflation, with industry challenges sparking rate hikes.
March 18, 2024
Auto
Catastrophe
Risk Management
Technology
California
Florida

Record-High Sea Surface Temperatures Alarm Ocean Scientists Globally
Ocean temperatures have surged to unprecedented levels for over a year, alarming scientists about potential long-term ecological and meteorological impacts.
March 15, 2024
Catastrophe
Marine
Risk Management

Massachusetts Beach Community Faces Setback as Storm Washes Away Newly Added Sand
A recent storm in Salisbury, Massachusetts, has undone efforts to fortify the beach, washing away $600,000 in sand, despite community-led dune replenishment initiatives.
March 15, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Massachusetts
New Jersey

U.S. Shifts Strategy on Home Insurance Data Collection Amid Rising Premiums and Climate Risks
In response to climbing premiums and climate threats, the U.S. pivots from direct data collection to a collaborative approach with state insurance regulators.
March 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Florida

Navigating Insurance Challenges in California’s Shifting Landscape
California faces insurance hurdles with outdated Proposition 103, hindering actuarially sound underwriting amid escalating natural disasters.
March 8, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California

Norfolk Southern Addresses Environmental Impact and Repairs Following Pennsylvania Train Derailment
Cleanup efforts and track repairs have commenced after a Norfolk Southern train derailment in eastern Pennsylvania, with containment measures in place for a diesel fuel spill and no reported injuries or hazardous material concerns.
March 6, 2024
Catastrophe
Pennsylvania

Texas Panhandle Wildfires Leave Uninsured Residents Facing Dire Financial Futures
Many residents of the Texas Panhandle, left uninsured, face an uphill battle in recovering from devastating wildfires, highlighting the growing insurance affordability crisis.
March 5, 2024
Catastrophe
Property
Risk Management
Texas

Record-Breaking $72.5 Million Payout to Bus Accident Victim Marks One of MTA’s Largest Settlements
A landmark $72.5 million judgment has been awarded to Aurora Beauchamp, a cancer patient severely injured by a city bus, marking one of the MTA’s largest payouts.
March 5, 2024
Catastrophe
Legislation & Regulation
Liability
Life & Health
Florida
New York

State Farm’s Underwriting Loss Deepens in 2023 Despite Auto Insurance Recovery
In 2023, State Farm reported a significant increase in underwriting losses, driven by property line challenges despite improvements in auto insurance results.
March 4, 2024
Auto
Catastrophe
Insurance Industry
Property



